Suppliers need to diligently monitor their customers, and their contracts with them, for signs of looming insolvency, so the supplier can act before they lose the right to do so under the Corporate Insolvency and Governance Act 2020, which, includes, taking away suppliers’ rights in commercial contracts to terminate a contract for non-payment if a customer is insolvent.

Recently we have seen an increase in enquiries from clients about putting in place cross option agreements. It is not uncommon for the shareholders of a private limited company, often those run by owner-managers, to take out insurance policies on their own lives which pay out on the death of the insured shareholder.

​Despite the climate of economic uncertainty, opportunities still exist for businesses and many are updating their plans and adapting to the difficult circumstances. Many businesses are taking advantage of the lull in business activity to sort out various housekeeping matters and to consider the future.

In the recent case of Neocleous v Rees the High Court held that a contract for the sale of land was concluded electronically by email correspondence between two solicitors.

When incorporating a new, private limited company choosing the right name is an important step. Unfortunately, it is not always as simple as it seems as there are a number of restrictions which may prevent you from using the name that you want. Before expending too much time thinking up your perfect company name, read our quick guide below to ensure you don’t fall at the first hurdle...

In his post last year – Stephen Newman of Ramsdens’ Corporate department advised company directors on their duties, as set out in sections 171 to 177 of the Companies Act 2006

A shareholders’ agreement is not a legal requirement and may be overlooked when individuals are setting up a new company (or investing in an existing one) with more than one shareholder.

PAX Burger, located in Lindley, Huddersfield, has been acquired by investors.