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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...
Benefits of collaborations between charities and businesses

Benefits of collaborations between charities and businesses

Benefits of collaborations between charities and businesses Collaborating with businesses can be a huge help to charities as they are able to benefit from a new source of funding and such collaboration helps raise public awareness of the charity and its purpose. For...
How will Brexit affect your business?

How will Brexit affect your business?

How will Brexit affect your business? With everything that has been going on in 2020, it seems to some extent that preparing for Brexit may not have been given the time and attention it otherwise would have attracted. However, with the transition period due to end...