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Statutory Books? What Statutory Books!?

Pay the office bills, manage staff, chase invoices, provide top-draw customer service, pay more bills and somehow find time to enjoy the fruits of your labour. With all of this to balance on a daily basis, if you own or run a company, it may be easy to forget that not only do you need to file certain documents with Companies House, but you also need to make sure that your internal statutory books are kept up to date and are readily available for inspection by the public, shareholders and/or directors (depending on the register type) at your registered office. Regardless...

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What is the GDPR and why should you care? Getting to know Privacy Law and the new Regulations.

In the first of our GDPR series, we begin by looking at why it’s here, what it is and why it’s important. Why protect personal data? “Data is the new oil!” has become the rallying cry of this century’s barons of commerce. This slogan of our times has adorned countless articles in print media, formed the basis of TED Talks and is probably emblazoned on Mark Zuckerberg’s pyjamas. But the comparison is fair as, much like its predecessor, data has lubricated the explosion of the modern digital economy. So much so that the five most valuable companies in the world (Apple, Amazon,...

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“Company X has updated its Terms & Conditions” but it’s fine because you won’t read them anyway…

Everyone has been on the receiving end of a “We have updated our T&Cs” email from the likes of Google, PayPal, Twitter, eBay etc. There may be legitimate reasons for this such as a change in the law, company restructuring or changes in working practices. But should you care? Well the short answer is yes. Why you should care It is easy to fall into a false sense of security, particularly for trusted brands that you buy from or regularly use their services. If you are a consumer then you may feel more relaxed on the basis that there is a large...

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Independence Day: What the ‘Leave’ vote means for Commercial Contracts

The majority vote for the UK to leave the EU will come as a shock to many businesses and we now embark on a journey of uncertainty in the forthcoming years whilst the legal landscape is determined. Under the Lisbon Treaty of 2009, the exit mechanism for a Member State to leave the EU will begin, however the procedure is not very detailed. There is a two year period to agree the terms of the exit and this is potentially extendable. Such negotiations are likely to impact on the legislative agenda in England as time will be devoted to working out...

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Is Your Business Ready to Comply with the PSC Register Requirements?

OVERVIEW: From 6 April 2016, all UK companies (unless they are exempt) and UK LLPs will need to create and maintain a register of the individuals who have significant control of the business and must disclose this information in its Annual Return from 30 June 2016. Failure to comply is a criminal offence. WHERE DOES THE PSC REQUIREMENT COME FROM? This new requirement is introduced by the Small Business, Enterprise and Employment Act 2015 (the “Act”). The rules are quite complex and therefore we recommend that you review the Department for Business Innovation and Skills guidance to assist with the interpretation of the...

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Do you sell to consumers online? Time to update your website T&Cs…again

From 15 February 2016, all businesses that sell to consumers online are required to include the following link: http://ec.europa.eu/consumers/odr/ to the European Commission’s ODR Platform on their website and provide a contact email address. This link must be easily accessible and we recommend including it with information regarding your complaints procedures. This new legal requirement under the Alternative Dispute Resolution for Consumer Disputes (Competent Authorities and Information) Regulations 2015 aims to encourage traders and consumers to use alternative dispute resolution (“ADR”) to address any issues after exhausting the trader’s complaints procedure, rather than pursuing a claim through the courts. The ODR Platform...

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