Legal Articles
MLD5 and Trust Registration: Briefing Note – June 2022
In 2020, a new HMRC Directive called the EU Fifth Anti-Money Laundering Directive (MLD5) came into force. It has the effect of significantly widening the scope of trusts that are required to register with HMRC’s Trust Registration Service (TRS), and trustees will need...
The benefits of Alternative Dispute Resolution (ADR)
Unfortunately, disputes can arise for several reasons in all walks of life, either personal or professional. When this happens, if they cannot resolve the issues on their own, the parties in conflict might seek professional help to arrive at a resolution, including...
How Do You Dissolve a Business Partnership?
If you are starting up a new business partnership, especially if this is with a friend or family member, planning for what happens if that partnership does not work out may not be the first thing you consider. However, it is vital not to overlook the potential risks...
Quick and effective debt recovery – statutory demands
Although credit control has of course been a high priority for all businesses throughout the recession, many companies are still reluctant to get involved in pursuing court proceedings to recover debts. Court action is often seen as long-winded, costly and risky – it...
No Fault Divorce ends Blame Game
Landmark reforms introducing no-fault divorce ending the “blame game” came into force on 6th April 2022. The Divorce, Dissolution and Separation Act (2020), aimed at reducing conflict between separating couples, represents the biggest shake-up in divorce law for more...
Business Tenancies and the Landlord and Tenant Act 1954
Generally speaking, the Landlord and Tenant Act 1954 provides ‘security of tenure’ to business tenants. But what does this mean? Under the Act, commercial tenants - if the lease is “inside the Act” – have the right to renew the lease when it ends and the ability to...