How are audit reports affected by disclaimer clauses?

How are audit reports affected by disclaimer clauses?

What is the effect of disclaimer clauses in audit reports, particularly in circumstances where a company enters administration? The 2015 High Court ruling in Barclays Bank PLC v Grant Thornton provided some welcome clarification – with the key issue being whether or...
What are treasury shares?

What are treasury shares?

Treasury shares were introduced in 2003 to enable certain companies to hold shares bought back from shareholders “in treasury”. Chapter 6 Part 18 of the Companies Act 2006 sets out the up to date provisions relating to treasury shares, although it should be noted that...
Wedding photographers and copyright – what’s your position?

Wedding photographers and copyright – what’s your position?

The wedding season has begun in earnest and it’s vital that wedding photographers are reminded of how copyright law protects them and what rights their clients have. An experienced wedding photographer can earn significant sums of money, but creating great wedding...
What is Company Liquidation?

What is Company Liquidation?

The Directors of a Company that cannot pay its debts can choose to put the Company into voluntary liquidation. Indeed Directors have statutory responsibilities not to permit a Company to trade insolvently. If they allow the Company to trade insolvently they can become...
GDPR Considerations for New Start-Ups

GDPR Considerations for New Start-Ups

The General Data Protection Regulations (GDPR) are pervasive, and do not only affect larger companies; your new start-up must equally maintain strict adherence to its provisions. We have provided a quick run through of the key concerns you should consider with regards...
Construction – What does practical completion really mean?

Construction – What does practical completion really mean?

In the context of building works, the question of whether practical completion is achieved in law has not always been clear-cut. Valuable guidance has recently been given by the Court of Appeal, setting out important principles in determining what ‘practical...