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Employee Ownership Trusts (EOT) – Key Considerations

Employee Ownership Trusts (EOT) – Key Considerations

Employee Ownership Trusts (EOT) – Key Considerations Employee Ownership Trusts (“EOTs”) are a great way for shareholders to sell their companies for the best value in a more tax-efficient way than a traditional trade sale. EOTs were introduced by the...
NatWest fined £264 million for money laundering offences

NatWest fined £264 million for money laundering offences

NatWest fined £264 million for money laundering offences On 13 December 2021, NatWest was fined £264 million for breaches of the Money Laundering Regulations 2007 (MLR 2007). As the first criminal conviction and the FCA’s first criminal prosecution under the MLR 2007,...
The significance of “all reasonable endeavours” clauses

The significance of “all reasonable endeavours” clauses

The significance of “all reasonable endeavours” clauses Contractual obligations are normally absolute and failure to fulfil an obligation will be a breach of contract. Endeavours clauses are therefore used when a party is only prepared to “try” to fulfil...
Future Fund Loan Scheme – should my business apply?

Future Fund Loan Scheme – should my business apply?

Future Fund Loan Scheme – should my business apply? The period for applications for the government’s Future Fund scheme has been extended until 31 January 2021. The scheme is designed to support the UK’s innovative and forward-thinking businesses, currently affected...