News and Blog
1st July marks the fifth anniversary of the coming into force of the Bribery Act 2010 which introduced changes in the law that could significantly impact upon your business both in the UK and abroad. Before the Bribery Act the crime of bribery was confined to transactions involving public officials and agents but now it covers all transactions.
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Throughout the life of a business it will go through a number of stages. During each of these stages there will be both challenges and opportunities. Preparing in advance for these challenges will enable you to focus on the right opportunities for your business.
Continue readingThe recent case of Padwick Properties Ltd v Punj Lloyd Ltd is a useful reminder of the traps when dealing with surrender either as a landlord or tenant.
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We have been working on a client matter that highlights the requirements of s190 of the Companies Act 2006 in relation to substantial property transactions that require members’ approval. This is something that should be remembered when a director or connected party is involved in a property transaction with the company.
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From 6th April 2016 The Small Business, Enterprise and Employment Act 2015 requires all UK companies and Limited Liability partnerships (LLPs) to maintain a new register. This new register records the details of any person with “significant control” over the company or LLP, known as a PSC register (Persons with Significant Control). Read more here.
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Whether you have owned your business for generations or for a short time the decision to sell isn’t always easy. Shelley Bonney, Commercial Solicitor, discusses the initial steps you can take to help expedite the transaction and help it to run smoothly. The key is in the preparation.
Continue reading Do I need a solicitor to buy a piece of land?
At WSP, our commercial property solicitors handle all matter associated with buying a piece of land. Commercial Property Solicitors will have responsibilities such as: reviewing the contract for sale, preparing...
Gazumping and gazundering – perils in an uncertain market
Research suggests that nearly a third of recent sellers have suffered gazundering, which property pundits attribute to a downturn in the market. But, in some areas, the lack of suitable...
Why do Solicitors require source of funds in property transactions?
When your solicitor asks for bank statements dating back months, please believe us when we say they are not just being difficult! Gemma Francis, a Conveyancer in WSP Solicitors’ Residential...
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