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H&M Fined for Breaching GDPR
Clothing company H&M has been fined £32.1 million for breaching GDPR. H&M violated the privacy of its employees by conducting illegal workplace surveillance. The Data Protection Authority of Hamburg, Germany, stated that H&M’s staff had been subject to “extensive recording of details about their private lives”. This included details about their families, medical symptoms and […]
Do you have a Shareholders Agreement?
As a corporate lawyer I am regularly contacted by clients who have come to an impasse with their fellow business partner and looking for a solution in order for them to resolve the matter at hand and move the company and its business forward. My first question is always “do you have a Shareholders Agreement?”. […]
Understanding Penalty Clauses in Commercial Contracts
From time to time a business may become involved in a contractual dispute whereby a large monetary penalty is sought. These disputes sometimes relate to penalty clauses that have been incorporated within a contract and understanding whether such penalties may or may not be enforceable is crucial to determining the extent of a defaulting party’s liability. What […]
The implications of COVID-19 on Companies House
Companies House is the United Kingdom’s register of companies that all Directors and Shareholders should be familiar with. It is essentially an online tool akin to a treasure trove of information for corporate clients and solicitors alike. COVID-19 has however undoubtedly disturbed the running of this well-oiled Government machine, meaning that new measures have been […]
Use your time wisely: put in place a Shareholders Agreement
The outbreak of COVID-19 has forced many business owners to ‘press pause’ on their business whilst the NHS fights the pandemic. However, when you are a business owner ‘pressing pause’ is not really an option. Therefore, in this time of uncertainty, what can you do to drive your business forwards? We are all guilty of […]
Franklins First for Your Success…Legal Due Diligence
“I’ve looked at the accounts and everything seems to be okay”. Unfortunately, when discussing the prospect of legal due diligence this is often the response that I receive. The caveat “buyer beware” applies to your transaction and the onus is on you to undertake detailed enquiries and ensure that you know what you are buying, […]
Business Interruption Loan Scheme – Government raises concerns over lenders’ willingness to co-operate
The Government and businesses alike have raised concerns over lenders’ willingness to grant loans via the Government’s Business Interruption Loan Scheme (the “Scheme”). Speaking at Downing Street yesterday evening, the Business Secretary, Alok Sharma, expressed his concern that lenders are continuing to offer their business loans and products on their standard commercial terms in the […]
Business Interruption Loan Scheme – How does it work?
As COVID-19 intensifies and emergency legislation is being passed, the Government has put in place unprecedented support for businesses, seeking to protect the wellbeing and health of the UK economy. The Chancellor announced in the 2020 Budget that there would be temporary, timely and targeted measures to support the business community. One of these measures […]
Cathay Pacific Airways Limited have been fined £500,000 for failure to protect customers’ personal data
The Information Commissioner’s Office (ICO) has fined the airline company £500,000 for failing to secure its customers’ personal data. Cathay Pacific’s computer systems failed to implement appropriate security measures which led to the personal data of 111,578 UK residents being exposed and a further 9.4 million people internationally. The personal data exposed included names, dates […]
Business Services Team Update
Following the instruction from our Prime Minister yesterday that we must all stay home to stay safe; never has it been so evident that health and wellbeing is paramount. We take our duty of care to our clients and staff seriously and as such we have adapted our working practices following the outbreak of COVID-19. […]
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