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Tim Adkin discusses negotiating financial settlements in a divorce, following a recent divorce case in London's Appeal Court involving a "software tycoon" when his wife was awarded approximately 90% of the matrimonial assets in a judgment where there was “a substantial departure from equality”.
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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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In an unexpected move, as part of the 2016 Budget, the Chancellor announced from midnight on 16 March 2016, rather than paying the same rate on the whole value of the property, the new rates will only apply to the portion of the price that falls into a particular price bracket.
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Unlike parents, grandparents do not have an automatic legally recognised right to apply to the Court to be able to see the children, and must first apply for permission to make that application. Any grandparents who feel that they have been pushed out and are unable to see their grandchildren should not give up. Read more here.
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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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It may be a surprise to many that the often referred to status of ‘common law spouse’ does not exist in law. It is therefore important that people living together take steps to protect not only their partner’s position but also their own if something untoward should happen to the other.
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