Joint Venture & Shareholder Arrangements
Advising on and negotiating terms entered into by several members of different companies or several members of the same company is something that we do on a daily basis.
The setting up of a joint venture involves consideration of:
- letters of intent / heads of terms / teaming agreements
- corporate LLP or LP structures
- tax treatment
- protections customarily used on multi-party structures
- exit rights (put, call, buy-out, etc) most suitable to reflect commercial requirements
Together with our Corporate Finance team we have a strong reputation representing shareholders (and the company) in respect of:
- shareholders' agreements
- articles of association
- associated service agreements.
Financial support for SMEs: The Coronavirus Business Interruption Loan Scheme (CBILS)07 May 2020
Government-backed loans of up to £5 million to small and medium businesses
Financial support for SMEs: the Bounce Back Loan Scheme (BBLS)04 May 2020
100% Government-backed loans of up to £50,000 for small and medium businesses
Her Majesty’s Government enters the VC market24 April 2020
The UK Government is now to become the latest VC to provide finance to start-ups, but what are the terms of this support? Is this finance likely to be useful or are those terms overly punitive? Will this impact on the terms available from existing investors? We analyse this below.
Coronavirus Large Business Interruption Loan Scheme (CLBILS)22 April 2020
The Coronavirus Large Business Interruption Loan Scheme (CLBILS) opened on Monday 20 April 2020. It provides financial support to mid-sized and larger UK businesses across the UK that are losing revenue, and seeing their cashflow disrupted, as a result of the COVID-19 outbreak.
Government announces new £250m ‘Future Fund’ to support start-ups and growth companies20 April 2020
Details were published today, 20 April 2020, of the Government’s plan to make investments in growth companies hit by the coronavirus and the drastic reduction in venture capital investment.
HMRC puts its stamp on social distancing16 April 2020
With vast numbers of people now working remotely due to COVID-19 restrictions, HMRC have put in place an electronic process for the payment of stamp duty and stamping of share transfer documents.
Government announces the new Coronavirus Large Business Interruption Loan Scheme (CLBILS)07 April 2020
On 3 April 2020, the Government announced a new loan scheme to provide support for large businesses.
Restrictive covenants: key reminders recently highlighted by the Court of Appeal06 April 2020
In the recent case of Guest Services Worldwide Limited v David Shelmerdine the Court of Appeal found that a non-compete clause, restricting Mr Shelmerdine for a period of 12 months after he ceased to hold shares, was binding. The clause prohibited Mr Shelmerdine, a shareholder who was also a consultant of Guest Services Worldwide Limited (GSW), from being interested in competing businesses.