Data has become the most valuable commodity of the digital era. In Europe, the value of the data economy is thought to be around the €50 billion mark and projections suggest that this figure could rise to €111 billion by…
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In the third of our series of three articles, we explore the Government’s ‘4 Ps strategy’, utilised to tackle modern slavery nationwide, and its implications for businesses. The current strategy The Government is utilising the four ‘P’s structure favoured by the Home…
We look at a recent Court of Appeal decision in relation to GP partnership disputes. The case illustrates the importance of having clarity about the basis on which a partnership conducts its affairs. Partnership agreements Two GPs, A and B, entered a…
On 30 September 2017, the Criminal Finances Act 2017 introduced two new corporate offences imposing criminal liability on corporate bodies which fail to prevent the facilitation of tax evasion. The offences are: Failure to prevent the facilitation of UK tax evasion Failure to…
Earlier articles mention the background and principles behind Modern Slavery legislation. In this article, we look at the proposed reform of the current UK referral system for suspected victims of modern slavery, forced labour and human trafficking. With marches across the world’s…
This first of three articles, by way of an update to our article of 2 March 2016, is intended to explore the main changes brought about by the Home Office’s updated guidance on Modern Slavery Act reporting. What is the legal…
We explain what the major documents are in the legal process of buying a business. Warranties, limitations and disclosure letter One of the main sections of the sale agreement deals with the warranties and indemnities. These are detailed statements by the seller about…
The general data protection regulation (GDPR) will replace current data protection law on 25 May 2018. Regardless of Brexit, all charities and businesses will need to comply with this EU legislation. The changes will bring the UK and EU into line…
In the latest of our series of briefings about how to buy a business, we set out what happens after completion. Handover period The handover period immediately after completion is a crucial phase. You will need to focus on retaining existing customers,…
The share/business purchase agreement is the most important document in the transaction, and most of your solicitors’ time will be spent in preparing and negotiating it. It will set out the key commercial terms which have been agreed between the parties, including: Conditions If…