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Category: Commercial

Buying a Business

Posted on 01/25/14 by Conybeare Solicitors
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The Court of Appeal has recently held that clauses in a share purchase agreement providing that, in the event of a breach of the seller’s restrictive covenants, the buyer’s obligation to pay deferred consideration would cease and the buyer would be entitled to acquire the remainder of the seller’s shares at a price based on net asset value (and excluding goodwill), were unenforceable penalties.

This business briefing highlights the main legal risks to consider when buying another business or enterprise. Whilst a buyer should always take legal advice at the outset of any acquisition, this checklist will provide a useful summary of some of the key points to keep in mind.
 

Oil and Gas Concessions in Hungary: 2013 Bid Round

Posted on 10/28/13 by Conybeare Solicitors
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In this article we provide a brief overview of the issue of an invitation for tender by the Ministry of National Development (2013 Bid Round) currently under way in Hungary and to provide a brief comparison with the system it replaces along with some commentary.

The Bid Round closed on 15 November 2013 with a very limited number of bids and we expect there will be modifications to the terms in future rounds next year.

Business Sales Promotions

Posted on 04/02/13 by Conybeare Solicitors
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This checklist sets out the different types of sales promotions that your business may wish to use to promote its goods or services.

TUPE Transfers

Posted on 02/09/13 by Conybeare Solicitors

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TUPE is an acronym for the Transfer of Undertakings (Protection of Employment) Regulations 2006.

Where TUPE applies, employees automatically transfer from one employer to another with their terms of employment and continuity of service intact.

This checklist provides a useful summary of the key issues for businesses.  

Copyright Infringement – Warning for Directors

Posted on 12/01/12 by Conybeare Solicitors
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A Scottish court recently ruled that the sole director and shareholder of a company trading as a licensor of classical music recordings was jointly liable with the company for infringement of copyright in recordings of classical music issued through the company’s website.

Insurance Cover for Commercial Premises

Posted on 11/19/12 by Conybeare Solicitors
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A recent Court of Appeal decision reinforces the importance for businesses of having insurance cover for losses occasioned by fire on their premises. We provide a brief reminder of the rule in Rylands v Fletcher.

Agency & Distributorship

Posted on 11/09/12 by Conybeare Solicitors
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This checklist highlights the circumstances in which your business may want to engage the services of an agent or a distributor

Enforceable Employee Restrictive Covenants

Posted on 11/09/12 by Conybeare Solicitors
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This checklist explains what restrictive covenants are, when they are likely to be enforceable and how they can be used in employment contracts to protect your business’ interests.

Consumer Remedies When Buying Goods

Posted on 10/22/12 by Conybeare Solicitors
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This checklist sets out the remedies available to consumers when buying faulty goods.

It also highlights the additional obligations your business owes to consumers when selling goods online, by telephone or by mail order.

Bribery Act 2010 – Updated

Posted on 10/09/12 by Conybeare Solicitors
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This checklist provides an outline of the offences introduced by the Bribery Act 2010 and the penalties for committing them.

It also highlights practical steps that your business can take to help avoid breaching the legislation.

Sickness Related Dismissals

Posted on 10/09/12 by Conybeare Solicitors
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This checklist sets out the steps your business should take if you are contemplating dismissing an employee for a sickness absence-related reason. Although this can be a fair reason to dismiss an employee, it is important to follow the correct procedure

 

Data Protection – Checklist

Posted on 10/09/12 by Conybeare Solicitors
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There could be serious financial, commercial and reputational implications for your business (including possible criminal penalties and fines) if personal data is not handled properly.

This checklist highlights key issues for businesses.

Easements and the Right to Park

Posted on 09/29/12 by Conybeare Solicitors
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Landlords should be aware of a recent High Court decision that considered a right to park.

The court granted 8 tenants in a block of flats an injunction against their landlord, where their leases included a provision that:

  • each tenant had a right to use a designated car parking space.
  • reserved to the landlord a right to redevelop neighbouring property as it saw fit despite such redevelopment affecting or diminishing light or air enjoyed by the tenants.

The landlord wanted to develop a new building on land which included the car parking spaces that had been granted to the tenants.

Corporate Manslaughter

Posted on 09/09/12 by Conybeare Solicitors
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This Business Briefing sets out the factors which can lead to a business being prosecuted for corporate manslaughter and the penalties for breaching the legislation.

Automatic Pension Enrolment

Posted on 09/09/12 by Conybeare Solicitors
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The staging timetable for when employers in the UK must automatically enrol eligible jobholders in a pension scheme has been finalised. The new regulations, which comes into force on 1 October 2012, revise the current implementation timetable so that small employers will not be subject to auto-enrolment until June 2015 at the earliest. The revised timetable will benefit approximately 1.3 million small employers (covering around 4.75 million eligible individuals) whose staging dates will be delayed by at least 14 months.

Your business will be required to automatically enrol eligible “jobholders” in a pension scheme. A “jobholder” will include permanent, fixed-term and temporary employees, as well as agency workers.

This checklist highlights key issues for businesses.