Changes were made to UK anti-money laundering measures on 26 June 2017 in order to give additional protection against money laundering and terrorist financing. An impact of this has been the amendments to the requirements around public disclosure of information on people with significant control (PSC) in relation to UK legal corporations.
As we move towards life post-Brexit, we are open for business with the world and on the cusp of reaching out to new territories. To realise the Government’s ambition for ‘UK exports to reach £1 trillion, and for 100,000 more UK companies to be exporting by 2020,’ companies must consider the legal implications of doing business abroad. It is of course unlikely that a Government-stated policy will in itself drive exports, but the prospect of Brexit should certainly be a driving force.
Legal and Commercial Background
A recent Supreme Court case, Lowick Rose v Swynson, has provided a useful reminder on the subject of collateral payments. The case highlights the problems that may result from structuring one’s affairs without proper care: a company lost the ability to recover millions of pounds from a negligent firm of accountants because of an avoidable misstep that the Court was not prepared to fix.
We are pleased to announce two new partner appointments, expanding the firm’s litigation and gaming services and international offering.
Updated: 20 June 2017
On Monday 13 March, MPs voted to refuse to unilaterally protect the rights of EU nationals living in the United Kingdom.
Legal and professional services firm Gordon Dadds has announced the appointment of new property litigation associate David Quinn to support the firm’s growing client demands in property disputes at its Cardiff office.
The Information Commissioner’s Office has issued a salutary reminder of what the consequences can be of taking client contact data with you when you change jobs.
Most commercial organisations and international business people regard immigration as a very formalistic paperwork exercise, usually involving applying for long-term work permits or temporary entry visas for key foreign staff to fill gaps in the domestic labour market – more of a hassle and inconvenience than something that could have far-reaching, real consequences for migrants’ lives and lifestyles. In the European region European free movement law as one of the pillars of the internal market has done away with the need for hefty paperwork for mobile European nationals and their family members on the grounds that such formality hinders the facilitation of economically vital cross-border trade and business development.