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.
If you fell ill tomorrow, how would your business carry on – and how could you be sure your interests would be represented?
The award-winning Insolvency & Business Turnaround Team at Verisona Law welcomes insolvency litigation specialist, Neil Stewart, to provide valuable expertise to its corporate and private clients
Three legal specialists from Portsmouth have had cause to leave their offices at 1000 Lakeside as client cases demanded they fly out to three different continents across the world.
Advice for landlords
Scotland may have voted to preserve the Union, but Scottish civil law is (and always has been) distinct from the law of England & Wales. In fact there are some quite drastic differences in law, as well as more subtle variations in process and procedure.
A joint venture can be a good option if you need to access specialist expertise or resources not available in your own business.
Guarantors give landlords valuable additional security when it comes to leases, but you risk losing this protection if you do not get their consent before agreeing to a lease variation.