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Share Buybacks – When Are They Void?

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A share buyback (a process whereby shares in a company are bought by the company itself and cancelled) is a popular and relatively less-complex way for companies to provide an exit route for, or return surplus cash to, its shareholders. 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 ratify the validity of a buyback transaction.

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Buying distressed businesses

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In this article, Jon Davage outlines some pointers for those seeking acquisition opportunities via an insolvency process.

The folding of a company may be catastrophic for the stakeholders of the relevant company, but insolvencies provide buyers with the ability to acquire assets and valuable customer contracts at reduced prices. However, acquisitions of this type are not without their perils and often have hidden costs. Here are some issues to consider before you embark on this type of deal.

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How FinTech could be the future of your business

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‘FinTech’ or financial technology is a phrase increasingly used in the media, the finance sector and the business world in general. In the broadest sense, financial technology is any technology that is used and applied in the financial services sector which improves the delivery of financial services. But what does that mean and why should you care that it is one of the fastest growing areas for venture capitalists or that the sector generated almost £7billion revenue in 2016?

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Bermans new starters round up

At Bermans we are committed to continual development to ensure that our clients have access to the best service possible. Our recent additions to the firm reflect this and our dedication to providing high quality services to our clients.

Read on to learn more about Bermans recent new-starters.

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Are you a person with significant control of a business? Be aware of new legislation

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The PSC or ‘persons with significant control’ register is a new statutory register which will effect UK Companies and LLPs from 6 April 2016 that will form part of the statutory books of the company. The register will contain details of ultimate beneficial owners and controllers, and details of company’s holding, which will ensure this information is available to the public.

The public availability of the register targets the Government’s objective to achieve transparency in the legal and beneficial ownership of UK companies, aiding the fight against tax evasion, money laundering and terrorist financing. Furthermore, the Government’s ‘transparency’ provisions are hoped to develop a climate of confidence amongst companies and consumers alike.

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