Orr Litchfield

Solicitors and Business Lawyers

News & Information

News title Date
Buying a business from an Administrator – 15 legal issues to considerOverview A total of 1,403 companies went into administration during 2019, compared to 1,341 in 2018. The increase was the consequence of a significant spike in insolvencies during the third quarter o...17 05 2020
Increasing number of UK Companies notwithstanding CoronavirusNotwithstanding Coronavirus, the total number of companies in the UK increased in the first quarter of 2020 from 1st January to 31st March 2020. It remains to be seen what impact the Coronavirus and l...05 05 2020
What is your Business Exit strategy?The current coronavirus epidemic has brought business planning to the forefront of every business agenda. The most immediate focus is, undoubtedly, continuity planning in order to enable business owne...29 04 2020
Covid-19 (Coronavirus) – Change to employees qualifying date expands the Coronavirus Job Retention SchemeIntroduction The UK Government published updated Guidance on the Coronavirus Job Retention Scheme (the ‘CJRS’) on 15th April 2020 and the Treasury issued a Direction under the Coronavirus...16 04 2020
Covid-19 (Coronavirus) – Get ready for the Coronavirus Job Retention Scheme Launch on 20th April 2020Introduction The UK Government has publicly announced that it will be ready to launch the Coronavirus Job Retention Scheme (the ‘CJRS’) on 20th April 2020 as the first part of its respons...15 04 2020
Covid-19 (Coronavirus) - the Coronavirus Business Interruption Loan Scheme (‘CBILS’) Version 2.0Introduction On 2nd April 2020 the UK Government announced that it had expanded CBILS and made changes to the scheme in order to address some criticisms of the original scheme, which went live on Mon...13 04 2020
Covid-19 (Coronavirus) and the Self-employment Income Support SchemeIntroduction  Since introducing the Coronavirus Job Retention Scheme for furloughed employees, which sought to provide income protection for those employees that would otherwise have been laid o...07 04 2020
Covid-19 (Coronavirus) - the Coronavirus Job Retention Scheme and furloughing employeesIntroduction The UK Government announced the Coronavirus Job Retention Scheme (the ‘Scheme’) on 20th March 2020 as part of its response to assist businesses, business owners and individua...06 04 2020
Covid-19 (Coronavirus) – Continuity Planning and avoiding Insolvency and personal liabilityIntroduction Covid-19 is affecting individuals and businesses on a local, national and global scale. An enormous number of businesses are facing sudden, unexpected economic and other business-related...31 03 2020
Covid-19 (Coronavirus), Redundancy and Alternatives to RedundancyCovid-19 is affecting individuals and businesses on a local, national and global scale. An enormous number of businesses are facing sudden, unexpected economic and other business-related pressures (pa...25 03 2020
Covid-19 (Coronavirus) – UK Government announces new rules on staying at home and away from othersThe UK Government announced a broad range of new measures yesterday evening aimed at trying to ensure that, save in certain specified circumstances, individuals stay at home and keep away from each ot...24 03 2020
Covid-19 (Coronavirus) – UK Government announces new measures to protect Businesses and WorkersCovid-19 (Coronavirus) – UK Government announces new measures to protect Businesses and Workers The UK Government announced a range of new measures at the end of last week and over the weekend...23 03 2020
Covid-19 (Coronavirus) – UK Government announcement on Key workers in 8 Key sectorsThe UK Government issued guidance for schools, colleges and local authorities on key workers and key sectors late yesterday. In one way or another, directly or indirectly, this may impact upon busines...20 03 2020
The IR35 Hokey Cokey – Coronavirus forces a delay in the implementation of proposed changes to IR35The widely debated and often criticised 'off payroll' changes to the IR35 rules were due to be extended to private sector businesses with effect from April 2020. This has now been deferred by a year,...19 03 2020
Will Covid-19 (Coronavirus) enable you to terminate your commercial contracts?Whether you own a UK or non-UK business, whether you are an exporter or importer and whether the UK is the focus of the sale of the relevant goods or services or part of a broader sales territory, you...15 03 2020
UK Budget 2020 and Enterprise Management Incentive (‘EMI’) Share OptionsThe Chancellor’s budget announced on 11th March 2020 included a statement that the Government will launch a review into the Enterprise Management Incentives (‘EMI’) scheme. Section...13 03 2020
UK Budget 2020 and the Reduction in Entrepreneurs ReliefThe Chancellor’s budget announced on 11th March 2020 included a reduction in Entrepreneurs Relief. The relief has been significantly curtailed by reducing the lifetime limit for qualifying gains...12 03 2020
5 reasons to review your Business ContractsIf you want your business to remain competitive and keep pace with changing markets, you need to keep the key functions of your business under constant review. As part of this process, you should put...23 02 2020
Brexit and the Law - The European Union (Withdrawal Agreement) Act 2020 receives Royal AssentThe European Union (Withdrawal Agreement) Act 2020 (the “Withdrawal Act”) received Royal Assent yesterday on 23rd January 2020. It makes legal provision for the ratification of the Agreeme...24 01 2020
UK trade, Brexit and the Law - Is your business BrexFit for Brexit?Brexit day is 14 days away. The UK will leave the EU at 11pm (UK time) on 31st January 2020. Increases in UK exports, particularly to countries outside the EU bloc, are positive but are you and is you...17 01 2020
Continued growth in number of UK companies in 2019The Headlines According to the recently published UK Companies House statistics Q3 of 2019 (from 1st July to 30th September 2019) saw: an increase in the number of companies on the Companies House...18 12 2019
Managing your business - Small businesses and late paymentsOverview In an average month 48% of invoices issued by small businesses in the UK are paid after their due date for payment and, on average, overdue invoices are paid 14 days late according to a rece...11 12 2019
No deal Brexit & the law: VAT for businessesIf you operate a business which is selling goods or services from the UK to Europe or from Europe to the UK, it is important that you familiarise yourself with the changes in the rules and procedures...30 08 2019
No deal Brexit & the law: Importing animals & animal products & your contractsAccording to UK Government statistics relating to the first 6 months of 2018, the biggest single meat imports from European countries were Ireland (beef - £425,701,163, being 67% of all beef imp...23 08 2019
No deal Brexit: UK trade agreements with non-EU countriesThe UK is currently scheduled to leave the EU at 11:00pm GMT (midnight CET) on 31st October 2019. There appears to have been very little progress since the original Brexit date of 29th March 2019, wit...21 08 2019
Preparing your business for sale – Are you ready for Buyer due diligence?Overview In previous articles we explored common reasons why business owners choose to sell their businesses, the importance of identifying your overall personal, financial and business objectives an...26 04 2019
Do you trade with EU countries from the UK? Have you obtained a UK EORI number? It’s not too late!At the moment, whilst the UK remains in the EU, it is not necessary for UK businesses, which only trade across borders in the Single Market, to obtain an Economic Operator Registration and Identificat...21 03 2019
No Deal Brexit Temporary UK TariffsThis morning (13th March 2019), the UK Government published its Guidance on the temporary rates of customs duties (that is, tariffs) on imports into the UK that it will use for a period of up to 12 mo...13 03 2019
Brexit Withdrawal Agreement 2.0 - No Upgrade!On 11th March 2019, the UK Government laid before Parliament, under Section 13(1)(a) of the EU (Withdrawal Act) 2018: (i) a statement that political agreement has been reached; (ii) a copy of the nego...12 03 2019
Appointing a distributor – Key preliminary steps prior to entering into a distribution agreementOverview In a previous article entitled “Entering new markets – Key legal & commercial issues” we explored the primary business methods used by companies to enter new markets. I...06 02 2019
No deal Brexit & commercial contract disputesWith the UK scheduled to leave the EU on 29th March 2019, the draft Withdrawal Agreement negotiated between the EU and UK government rejected comprehensively by the UK parliament and no sign of the EU...23 01 2019
Preparing your business for sale – Fine-tuning your business to maximise price and minimise riskOverview In previous articles we explored common reasons why business owners choose to sell their businesses and the importance of identifying your overall personal, financial and business objectives...08 01 2019
Will Brexit enable you to terminate your commercial contracts?Whether you own a UK or non-UK business, whether you are an exporter or importer and whether the UK is the focus of the sale of the relevant goods or services or part of a broader sales territory, you...10 12 2018
Brexit - Please hurry, why don’t you come back?Was Advocate General Manuel Campos Sánchez-Bordona singing an old Paul Young song yesterday (“Come Back and Stay” – the lyrics are certainly fitting for European remainers) wh...05 12 2018
Brexit and your commercial contractsLike it or not, Brexit is a thundering reality and businesses trading into or out of the UK need to try to assess its likely impact and, where necessary, alter their strategies, business methods and p...02 12 2018
Entering new markets – Key legal & commercial issuesOverview There are numerous reasons why businesses seek to enter new markets, whether those markets are within their own country or overseas. In general, companies usually go international because th...27 11 2018
Preparing your business for sale – Business Sale objectives and goalsOverview In a previous article entitled “Preparing your business for sale – When should you sell your business?” we explored common reasons why business owners choose to sell their...15 11 2018
Increasing number of UK Companies notwithstanding BrexitNotwithstanding Brexit, the total number of companies in the UK is increasing. The Headlines According to the recently published UK Companies House statistics: 1. During the third quarter of 2018 f...05 11 2018
Preparing your business for sale – When should you sell your business?Overview Just as there are many different reasons why people start to run or continue to run a business, there are many different reasons why people cease to run their business. What is inevitable is...29 10 2018
How to start a business in the UKChoosing the correct business structure for your business is important for a variety of strategic, financial, management, administrative and operational reasons. In this article, we summarise the prim...21 09 2018
Establishing a joint venture in the UKCompanies and individuals often seek to expand or develop new products or services nationally or internationally through a joint venture with one or more other parties, enabling all parties to use the...29 06 2018
GDPR, key changes & data subject rightsThe General Data Protection Regulation (“GDPR”) came into force on 24 May 2016, and became directly applicable and enforceable in all EU Member States on 25th May 2018. With effect from th...29 06 2018
Buying UK Companies - An OverviewThe acquisition of any private company or business can be divided into 5 distinct phases – transaction planning and preliminary issues, due diligence and investigation, the preparation and negot...29 06 2018