Registered charges against land and statutory order of priority when tacking further advances

Perfect Security. ‘Tacking’ and ‘further advances’ and Order of Priority.

Ranking of a creditor’s interest against land is crucial to the order of priority of distribution of assets in the event of a debtor’s insolvency. The statutory order of priority shall apply to how the insolvent’s assets are distributed to satisfy its creditors. The statutory Order of Priority is broadly in the following order: 1. […]

Tightening of rules to Qualify for Entrepreneurs’ Relief

Entrepreneurs’ Relief reduces the amount of Capital Gains Tax (CGT) on a disposal of qualifying business assets on or after 6 April 2008, as long as you’ve met the qualifying conditions throughout a two-year qualifying period either up to the date of disposal or the date the business ceased. To claim Entrepreneurs’ Relief you have […]

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A Complete Guide to Court Injunctions and What They Do

To put it in simple words, an injunction is a court order to one or different parties that either refrains the person from doing something or requires him to do certain tasks. The sole purpose of issuing an injunction is to prohibit a certain party from performing activities that can cause irreparable harm to another […]

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10 Steps for Businesses to Prepare for a No Deal Brexit

With Brexit playing out in Parliament before us and the question of deal or no deal looming, it pays to be prepared no matter what the outcome. Here are 10 steps that you can take to prepare for a no deal Brexit. 1. Check your website, domains and technology providers – do you use services […]

Ai Law advises on new Agricultural Social Media Platform

Ai Law has advised on the start-up of the new user-generated agricultural social media platform, EatFarmNow. www.eatfarmnow.com. EatFarmNow hosts a wide variety of topics and content that spans the big issues in the farming, food and agricultural industries today. Started by a collective team made up of agri-business advisors, journalists and PR and social media […]

Developments: Looking at Overage.

Sometimes referred to as “clawback”, overage refers to a sum of money which may be due to a landowner following completion of the sale of land or property. Whether this money is paid will be dependent upon something occurring as agreed (for example, the property being sold for a price higher than a certain amount). […]

Should you charge VAT on your Non EU Supplies?

In an increasingly globalized world, and with an influx of foreign investment into the UK in recent times, it is important for UK based businesses to be aware of their VAT obligations when invoicing for supplies to customers outside of the EU. For an international law firm or any businesses with cross-jurisdictional operations, it is […]

Takeover Secures Future of Flammable Solvents Business

Ai Law is happy to have acted for BIP Chemicals in their recent acquisition of a North West based flammable solvent recovery business, which has resulted in one of the largest single site solvent refinery plants in Europe with the largest capacity in UK. Mike Bennett, chief executive of BIP Organics has said: “This acquisition […]

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Are you GDPR compliant?: ICO guidance update on Personal Data and Principles

Almost ten months has passed since GDPR first became enforceable on 25 May 2018 and it is possible to begin to consider its true impact and application. The Information Commissioner has referred to its impact as “an ongoing compliance journey”. For business operating in Europe, it is important to carry out an internal data audit […]

Widnes Vikings Rescue Buy Out from Administration

  We are delighted to have acted on the recent successful acquisition of Widnes Vikings Rugby League Club following the club being placed into administration in February. It is a privilege to have played a role in saving this historic club from liquidation and its importance to the local community is clear to see from […]