Business News

Who owns a company? Changes to beneficial ownership

The UK Government has proposed changes to companies in respect of their beneficial owners (those who own or control greater than a 25% share in a company) in a bid to encourage transparency and responsibility within a company.  The proposals are the result of concerns that no one is truly... Read more

Partnership (Prosecution) (Scotland) Act 2013

This Act came into force at the end of April 2013 to address a loophole which prevented a partnership from being found guilty of a criminal offence because it had been dissolved.  The legislation states that the dissolution of a partnership will no longer bar prosecution provided proceedings are brought within five... Read more

Changes to the Registration of Charges at Companies House

New regulations shall come into force on 6th April this year in respect of the registration of charges at Companies House, replacing the existing regulations under the Companies Act 2006. Read more

Combating Late Payments in Commercial Transactions

The UK and Scottish Governments have recently published a joint consultation seeking views on the implementation into domestic laws of the European Directive 2011/7/EU on combating late payment in commercial transactions.  The Directive is based on existing UK legislation as the UK is seen to be exemplary in the approach... Read more

Simplification of Audit Requirements

The Department for Business, Innovation and Skills has recently published the Companies and Limited Liability Partnerships (Accounts and Audit Exemptions and Change of Accounting Framework) Regulations 2012.  These Regulations are set to come into force on 1st October 2012 and establish new exemptions to the requirement to undertake an audit, as well... Read more

Amendments to Registration of Company Charges

Part 25 of the Companies Act 2006 which relates to the registration of charges both in England and Wales and in Scotland may be set for change.  Separate draft Regulations have been produced for Companies and Limited Liability Partnerships with the main objective being to harmonise the registration regime north... Read more

Bribery Act 2010 – First Conviction

A former court administrative officer, Mr Munir Yakub Patel, suggested that he could “get rid” of a speeding charge. He pleaded guilty to accepting a £500 bribe in exchange for omitting to record a traffic offence on a court database and was convicted under the Bribery Act of requesting and... Read more
Latest News
Directors’ duties revisited

Further to our Article Directors Duties in Difficult Times from April 2020, The Chartered Governance Institute has recently published guidance for directors providing a useful summary of their statutory duties and some practical guidance to enable compliance.

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Scottish Guidance on House Moves…and other positive news

Following upon the First Ministers announcement of Tuesday 22nd September 2020 regarding restrictions being further tightened as a result of a recent surge in Covid 19 cases, clarification on “house moves” has now been issued by the Scottish Government.

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