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How can my business survive COVID-19?
Posted: 23rd March 2020
The impact of COVID-19 is beginning to become reality to many industries. It is no longer that disease confined to far-off lands, but it is here on our doorstep. Businesses are beginning to feel the squeeze as supply chains are interrupted; social distancing measures are imposed and school closures take effect from today. As reality […]
To trade or not to trade…that is the question!
Posted: 19th March 2020
Directors around the country are facing unprecedented problems following the outbreak of COVID-19 in the UK. There are natural concerns to health; the economy and now with schools due to close and talk of a London ‘lock down’ the issues are rising. Unfortunately, there is no ‘one size fits’ all solution on whether to trade […]
Spring Budget UK – What’s new?
Posted: 11th March 2020
The long-anticipated spring budget has been released. On the back of an interest rate-drop, COVID-19 and only a few weeks after Rishi Sunak stepped up to the plate it’s certainly an interesting one! It’s not surprising that measures are being taken to offer support in the light of the outbreak of COVID-19. There is the […]
Franklins First For Your Success: How to Convene a Board Meeting?
Posted: 2nd March 2020
The process for making decisions can vary from company to company and must reflect your Articles of Association. However, there are common elements that need to be complied with to ensure due procedure and prevent a decision being challenged due to lack of authority. The basic principles of how to convene a Board Meeting are: […]
Franklins First For Your Success: What do I consider in a Board Meeting? Q&A
Posted:
Question 1: I am a director of a Company, what do I need to think about when making decisions? Answer: When making decisions there are certain factors prescribed by s172 of the Companies Act 2006 that should be considered. These include: The consequences of the decision in the long term; The interests of your employees; […]
Franklins First For Your Success: What’s the point of Board Minutes?
Posted:
As any director should be aware, under s248 of the Companies Act 2006 the board of a company are required to keep minutes of proceedings of directors. They must be retained for at least 10 years and a failure to comply is an offence by any officer in default. It is easy to picture a […]
What’s next for Disney?
Posted: 26th February 2020
Disney announced on February 25th 2020 that Bob Iger, its CEO for over 15 years, is ‘passing on the torch’ to Bob Chapek. His legacy will survive him and the company will no-doubt continue to be the success that we know due to a strategic succession plan being implemented, which has been in the pipeline […]
The EU’s GDPR means that fines are on the rise
Posted: 14th February 2020
There have been over 160,000 data breach notifications across Europe since the GDPR came into force in May 2018 which has resulted in $126 million in fines. The countries to have received the highest fines are France (€51 million), Germany (€24.5 million) and Austria (€18 million). The Netherlands, Germany and the UK are the countries […]
Franklins First for Your Success…Share Transfers
Posted: 9th December 2019
Don’t I just need a Stock Transfer Form? As a corporate lawyer, dealing with the transfer of shares is fundamental to the nature of work that I undertake. Whether a sale to a third party, a company restructure or Management Buy-Out, transferring shares is key to corporate transactions. However, what worries me is the number […]
What is the role of an insolvency solicitor?
Posted:
As an insolvency solicitor, my role is to assist those involved in, or affected by, insolvency issues. In this regard, I regularly deal with both contentious and non-contentious matters on behalf of insolvency practitioners, financial institutions, directors, individuals and creditors (including suppliers and landlords). I regularly advise on a wide range of insolvency issues, including: […]
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