The register of overseas entities (the Register) which was created pursuant to the Economic Crime (Transparency and Enforcement) Act 2022 (the ECA) went live on 1 August 2022. As such, overseas entities can now apply to Companies House to register, although property transactions will not actually be affected until 5 September 2022. So, what does this mean for lenders?
Read moreThe register of overseas entities (the Register) took effect last week with UK property-owning overseas entities now being able to apply to Companies House to be listed on the Register.
Read moreMaking wine is expensive. You need the land, the labour and specialist plant and machinery plus long-term capital to support expansion and maintenance. It takes five to ten years for a new vineyard to start selling wine so sufficient capital will be needed in the early years.
Read moreWe had a fantastic morning at the BPF Annual Conference on 15 June 2022. It was the first since the coronavirus pandemic and there was only one topic on the agenda – the path to achieving Net Zero.
Read moreEarlier this year, we wrote about the government’s consultation requesting views on whether foreign-incorporated companies should be able to re-domicile to the UK without any loss of, or impact on, their legal identity (the Consultation).
Read moreAny individual fortunate enough to have generated wealth, or to have been a custodian of family wealth, during their lifetime should plan for how it will be dealt with after their death.
In this paper, we consider nine key steps individuals can take to help ensure that their estates pass to the next generation without disputes or litigation.
Read moreStill and sparkling wines produced in East and West Sussex are the latest UK product to win Protected Designation of Origin (PDO) status.
Read moreBuying a vineyard or a winery involves acquiring a bundle of assets. Land is at the heart of the transaction, but you may also be buying crops, buildings, subsidies, goodwill, and intellectual property. Overlaid with that is how you are buying them – trading businesses may be sold as corporate transactions or “share sales” rather than a direct purchase of the underlying assets.
Read moreIt is now finally accepted that there is no such thing as a “typical” family. Families comprised of step-children, half-siblings and non-biological parents – so-called “blended” families – are the norm for many across the country, including our clients.
Read moreA significant number of property purchases continue to be undertaken as corporate transactions, with the buyer acquiring the shares in the target company which owns the property, the target company generally being a special purpose vehicle. In order to reduce the risk of time and money being wasted, we consider here some of the key issues which the parties should consider at the outset of a transaction in order to establish whether or not a corporate deal is viable.
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