News: May 2018
Freeths has recently advised the management team on the £22.5m management buyout (MBO) of Birmingham based Precision Micro Limited from global aerospace, defence and energy group Meggitt PLC. LDC invested £13m of equity for a significant stake in the company, supporting a management team led by current Managing Director Ian McMurray. Precision Micro Limited, Europe’s […]
On 1st July 2013, Croatia entered the EU and as a result benefited from EEA free movement. Whilst Croatian nationals are free to enter and remain in the UK, they are subject to restrictions on the labour market during the transitional period. These restrictions are enshrined in the Accession of Croatia Regulations 2013. The regulations […]
The change to landfill tax rules made on 1 April 2018 could have significant implications for groundworks on development sites in England and Wales. As a result of the change, HM Revenue & Customs (HMRC) can now recover landfill tax on illegally deposited waste. The implications of this go wider than simply punishing unscrupulous individuals […]
HR professionals will be conscious of the significant amount of sensitive personal data that has to be collected and processed in order to sponsor a non-EEA employee. All employers, whether large or small, must comply with GDPR, so you must be aware of how international recruitment practices may have potential to breach the regulations and […]
While the focus of the pensions world has been on master trusts, the government’s white paper on defined benefit pension schemes, the Pensions Regulator’s Annual Statement, and the devastating impact of pension deficits on organisations like Carillion, some quiet changes have been going on which could make a significant impact in the not-for-profit sector. Organisations […]
Karl Jansen and Victoria Rooksby from Freeths’ corporate team acted for the shareholders on their recent sale of Parkinson Harness Technology Limited to Dhoot Transmission, an Indian wire harness manufacturer. Established in 1975, Parkinson Harness Technology is one of the UK’s leading cable harness/loom manufacturers and supplies a number of UK leading companies including JCB, […]
When a business secures a Tier 2 sponsor’s licence they need to ensure that they have systems in place to retain it. This quick guide will seek to highlight some of the main duties and responsibilities for Tier 2 sponsors. The main aim of the duties and responsibilities of licence holders are to: Prevent abuse […]
R v Skansen Banks, the managing director of Skansen Interiors paid bribes to Deakin, a former project manager at real estate company DTZ Debenham Tie Leung (DTZ) to secure two refurbishment contracts worth £6 million Skansen won the two refurbishment contracts and made two payments to Deakin amounting to £10,000. A third payment of £29,000 […]
Freeths LLP has bolstered its Dispute Management team in Birmingham with the appointment of Associate Solicitor, James Modley, from Shoosmiths LLP and the retention of Lauren Davies as an Assistant Solicitor. James has experience in representing FTSE 100 companies, SME’s and high net worth individuals where he has assisted them in avoiding, resolving and if […]
You’ve got to have faith! Health and Case Management Limited v Physiotherapy Network Limited  EWHC 869 (QB) Good faith clauses are increasingly common in commercial contracts and there is much debate as to their practicability and enforceability. A recent decision of the High Court pours further fuel onto the flames of that debate. In […]
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