Articles in ‘Corporate’ Category

With the UK-EU Trade and Cooperation Agreement now having been signed, what does this mean for the financial services industry, a sector which contributes 7% to the UK economy.

Whilst 2020 and the Covid-19 pandemic has forced lenders to embrace new practices, the financial services sector has tried to remain resilient during the turbulence at the same time as providing support to their customers who need it. At the end of 2020, the British Business Bank reported that the Coronavirus loan schemes had supported a total of over 1.5m facilities to businesses, providing over £68 billion of finance.

Specialist business property adviser, Christie & Co, has announced the sale of Mavern House Nursing Home in the hamlet of Shaw, near Melksham in Wiltshire, to Welford Healthcare. RWK Goodman acted on behalf of the sellers.

During September 2020, the GC100, a forum for general counsel and company secretaries working in FTSE 100 companies, conducted a poll amongst its members seeking their views on hybrid and virtual general meetings and the limitations of the current format for AGMs.

Following this, a discussion paper was published on 28 January 2021 providing a company perspective on these issues.

The recent judgment in Travelport Ltd v Wex Inc [2020] EWHC 2670 (Comm) has provided guidance on how material adverse event clauses in share purchase agreements will be considered in the context of the pandemic.

In an effort to assist distressed companies during the ongoing Coronavirus pandemic, Wrongful Trading actions were temporarily suspended from March 2020 under section 12 of the Corporate Insolvency and Governance Act 2020 (CIGA) until 30 September 2020.

Mergers and acquisitions are now accepted as market practice to achieve corporate growth. There is often a lot of fanfare with M&A deals completing.

Restrictive covenants are an essential tool for retaining goodwill and value in any business that you are looking to acquire. This is particularly so where the seller is intrinsically linked to the business or has the skillset to immediately compete with the target business, and could therefore quickly diminish its value.

Law firm RWK Goodman has advised the shareholders and management team of data centre owner and operator Amito Ltd on its significant minority investment from Harwood Private Equity.

The long awaited, government-backed review into the UK’s fintech industry has warned that the UK risks falling behind in the global fintech race if its recommendations aren’t swiftly implemented.

Banking and financial services businesses have for many years monitored the work patterns and behaviours their staff. Since the coronavirus pandemic and the subsequent seismic shift in working patterns, we are now seeing an increasing number of employers monitoring their staff in their own homes.

Law firm RWK Goodman has advised investment company BGF on its investment as part of a multi-million-pound investment round for medical imaging company Caristo Diagnostics.