Expert Resources

Take advantage of our free expert resources, written by the experts at LCN Legal, based on their practical experience of working with multinational groups and their advisers across the globe. If you are interested in these areas, you may wish to bookmark this page to check back regularly for new information.

Paul Sutton

Structuring joint ventures to finance UK property development: key tax issues

This article is contributed by Stephen Hemmings, a corporate tax director at accounting firm Menzies LLP who has 8 years’ experience of advising clients in the property sector. A popular way for private investors to purchase a stake in the UK property market is to access the resources and expertise of property developers through joint venture …
Paul Sutton

UK subsidiary companies – exemption from audit

UK subsidiary companies can claim exemption from the audit requirements of the UK Companies Act 2006. The procedure is available where the subsidiary has a parent undertaking in an EEA member state. The exemption must be claimed for each individual financial year, and requires the following documents to be filed with Companies House: Unanimous consent …
Paul Sutton

Removing unnecessary companies: strike off or MVL?

This article is taken from the third postcard in our series of cards on group reorganisations, and looks at two options when removing unnecessary UK companies from a group. Striking a company off the register or using a solvent liquidation both involve a certain amount of legal risk for the directors of the company concerned. Aside from tax considerations, …
Paul Sutton

Most common legal pitfalls in group reorganisation projects

Like any other projects, group reorganisations require an appropriate level of planning to make sure that they are implemented smoothly. This includes checking legal issues involved. Here are some of the most common legal pitfalls: ‘Backdating’ documents – which can constitute fraud Transferring assets at less than market value or book value (depending …