Earlier this year, Companies House brought its first conviction against an individual for making false filings on the public register.
Now that GDPR has been in force for a number of months, we thought it was time to take a look at how it’s affecting businesses. Are companies struggling to keep up? What impact have the regulations had on digital services? Are we likely to see organisations punished with large fines in the future? Here, we take a look at how businesses are coping with GDPR and what challenges they face.
If Facebook and other social media platforms appear to have a cart-blanche ‘we can use your images’ policy then why can’t you do the same and use other people’s images without asking for permission first? After all, it’s better to apologise later than ask first, right?
Now that the GDPR has come into force, it is absolutely essential that businesses ensure they are following the new regulations. The consequences of non-compliance have the potential to cause great financial damage and the enforcement agencies operating in each of the EU nations will be taking their new responsibilities incredibly seriously. Here, we take a look at a few GDPR basics, examine what’s changing under the new regulations, and what non-compliance could mean for your business.
GDPR. It is a term which can strike fear into compliance teams, owner-managed businesses and whole industries across the land. Not a week goes by without a data breach of one form or another featuring prominently in our newspapers and across the various news channels.
The recent international cyberattack has brought data protection issues into the thinking of business owners everywhere and onto the front pages of newspapers around the globe. With the ever-increasing threat of cyberattacks and the ever-growing amount of personal data gathered by organisations, legislation is now fighting back, with demanding data protection requirements and substantial fines for non-compliance. Grant Usher, Associate, discusses the upcoming changes to data protection law and what your business can do to remain compliant.
Maybe you are thinking of selling the company or simply shutting up shop and retiring, but in either case, if you employ people there are some costs you need to factor into your plan.
When you sell your business, it is understandable that your primary focus will be on the price that you are going to receive. Your lawyer will be focused to ensure that you actually do receive this money on completion. In addition, your lawyer should negotiate a position so that you are protected from having to repay this money to the buyer in warranty claims.
As a lawyer specialising in Company Law I am quite often pulled to one side by an anxious looking director or shareholder who asks me whether he or she will be personally liable in the event that it all goes wrong.
Media reporting on the so-called Panama Papers has focused on the tax affairs of wealthy individuals and international organisations, but the hacking of client files at Panamanian law firm Mossack Fonseca has implications for every business.