Joe Thompson
In September, the government published its response to its consultation taken in 2021 on the future of insolvency regulation, setting out a package of proposed reforms that, in their own words “represent the biggest change to the way the insolvency profession is regulated in nearly 40 years and future-proof the regulatory framework as the insolvency market continues to evolve”.
Continue ReadingIn recent years the Government has applied a great deal of focus to the whole question of the funding of the civil litigation system and the ability of litigating parties to recover costs against opponents.
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Andrew Koffman
This is our latest update as the introduction of a “fixed costs” regime for most civil court disputes, where the disputed amount is over £10,000 up to £100,000, draws ever nearer.
The implementation date is Sunday 1 October.
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Sophie Robertson
The Employment Relations (Flexible Working) Bill received its Royal Assent on 20 July 2023.
Under this legislation, employees will gain the right to make two flexible working requests in any 12-month period. This is a change from the current position, which limits flexible working requests to one in a 12-month period.
Continue ReadingLaura McMorland (pictured below), joined Bermans in March 2023 and is a Senior Associate in our Corporate team. We spoke to her to learn more about her and her work.
Continue ReadingBermans is proud to be supporting Bruntwood SciTech’s ‘Manchester’s Female Founders Incubator programme’.
Who are Bruntwood SciTech?
Bruntwood SciTech is the UK’s leading developer of innovation districts, creating the specialist environments and innovation ecosystems for science and technology businesses to form, scale and grow.
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The last month has seen two prominent North West brands, Pets at Home and Franchise Brands, announcing share buy-back programmes (see references below).
There are many benefits in undertaking this activity, including returning value to shareholders or providing an exit route. We do urge caution as, whilst the law and procedure for carrying out a share buyback is quite clear and straightforward, we have dealt with a number of instances where the validity of a share buyback has been questioned and further action required to be taken in order to rectify or ratify the validity of a buyback transaction.
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This is our latest update as we draw near to the introduction of a “fixed costs” regime for most civil court disputes (including those involving businesses), where the amount at stake is over £10,000 up to £100,000.
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A Manchester law firm made a request under the Freedom of Information Act 2000 (FOI) in respect of the Bounce Back Loan scheme (BBLS), and the number of directors that were disqualified where the company had taken out a BBLS facility.
The response from the Insolvency Service published on 18 January 2023 provides insight into the largescale fraud and misuse of the scheme, since its inception in March 2020 following the Covid-19 pandemic, and the measures taken to clamp down on this abuse of the scheme. It found that the number of director disqualifications has more than doubled in just a year.
Continue ReadingOur Asset Based Lending team lead by Alex Chapman and David Gledhill is delighted to have been ranked #1 lawyers in the Business Money Receivables survey.
Bermans team has consistently ranked #1 since 2018 in the Business Money poll and we are grateful to all our clients and contacts who responded to the poll and valued us so highly.
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