Gannons' opinion and analysis

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EIS relief & film investment

Feature films qualify for tax benefits under EIS. If you invest money in a film production company you can claim 30% of your investment back as income tax relief under EIS. Plus you will be named in the credits and…

Good leaver bad leaver

Once you give away shares you cannot get them back without consent. Consent is not compulsory. This is usually a problem when it comes to ex-employees and directors. The solution is to change the articles to deal with good and…

Insolvent LLP: members’ liability

Members’ liability when their LLP becomes insolvent is not as limited as members may expect. LLP members’ liability is not always limited to their capital contributions. A failed LLP’s members are not in the same position as a failed limited company’s shareholders….

Share buyback in instalments

Can a company pay for a share buyback in instalments, if it cannot afford to pay the share seller in one payment? Answer: Yes. A share buyback can be made in stages.  Structuring share buybacks in tranches Share buybacks are fairly…

Limited Partnerships: proposed change

The Limited Partnership, LP, is the legal vehicle of choice for UK private funds. Currently, the Limited Partnerships Act 1907 determines the legal regime. Often labelled “deficient”, the UK Government, on Treasury advice, is updating this regime. Limited Partnership Act…

Unified Patent Court ratification

The UK Minster of State for Intellectual Property’s recent decision to ratify the Unified Patent Court agreement sends an important signal. It signals that this government wants a streamlined process for patent registration and litigation not dependent upon membership of the…