Blog

12 April 2023

What is the future for non-competes?

Restrictions preventing an employee from joining a competitor or setting up in competition for a period (typically between 6 – 12 months) after their employment has ended (a “non-compete”) is a common, albeit at times controversial, feature of UK employment contracts.

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14 March 2023

Hotels Group – Budget

It is a challenging time for hotels, research from CGA and AlixPartners, notes that in the UK there were 197 less hotels in December 2022 than in December 2021. Across all of hospitality, there were 1,611 less outlets by year end.

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8 February 2023

Sotheby’s and Forsters - An Owner's Guide to Art - Part 5

There are a wide range of philanthropic schemes in the UK that incentivise owners of art to support museums and galleries. In some cases, the tax benefits associated with the schemes are such that owners can end up in a better financial position than they would have been had they sold their works on the open market. Offers in lieu of inheritance tax and Private Treaty Sales to certain UK institutions offer some of the most significant incentives and enrich owners and the UK national heritage alike!

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19 January 2023

Family Mediation: carrot or stick?

Non-court dispute resolution offers alternatives to separating couples that can reduce the financial, time and emotional burdens often associated with going to court.

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18 January 2023

Sotheby’s and Forsters - An Owner's Guide to Art - Part 4

It is important that art is not seen as a “static” asset, even if a work or collection is a long-term hold. You should ensure that you have discussions with your family about the future of your collection. It is important to know whether your family wishes to keep specific artworks or a collection within the family or not. If your intention is to pass artwork to the next generation, make sure you do so in the most tax efficient way possible.

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