The materials in these pages are provided for informational purposes only and do not constitute legal advice. If your business is concerned by any of the issues raised, please contact us directly for advice.
At Mills Selig we advise clients on all aspects of dealing vulture funds and over the past several years, we have helped many of our clients negotiate a significant amount of debt forgiveness, allowing them to refinance with new lenders.
What is a ‘Vulture Fund’?
This is a term used to describe a company that buys upRead More
Until recently, the Electronic Communications Code (Old Code), described by the courts as being “one of the least coherent and thought-through pieces of legislation…” had governed the installation and operation of telecommunications networks by operators. We are now in an age where digital connectivity is an essential part of everyday life, both for businesses and as individuals. The Old CodeRead More
When we think of blockchain we automatically think of the technology that underpins Bitcoin – but it can do much more than that. Blockchain technology is now being developed across multiple sectors, where it is expected to have a transformational effect; from healthcare to pharma through supply chain logistics to food safety. Technologists are also exploring how it can beRead More
Secondment is becoming increasingly popular and is most often seen in the commercial sector where companies are keen to maximise the various skills and interests of their staff. The opportunity to go on secondment is the differentiating and decisive factor in a prospective recruit joining one company over a competitor.
There are potential benefits to secondment for both employers and employees.
In recent months we have seen in this jurisdiction a number of high profile Company failures that have caused great concern for unsecured creditors who are at risk of insolvency themselves as a result of a principle source of their income becoming threatened. In the case of companies, the main types of Insolvency procedure are Administration,Read More
CONTRACT CLAUSES – FIXED TERMS
It is a requirement of Article 33 of the Employment Rights (Northern Ireland) Order 1996 that any terms of employment confirms the duration of that employment. This is particularly important where any appointment is temporary or for a fixed term. Contracts should set this out clearly to avoid later dispute. A fixed term contract starts onRead More
Repayment and deductions clauses are useful tools for employers. They can be used to clawback training costs and other debts, as a disciplinary sanction, an incentive to stay in employment for longer or as a deterrent to breaching the contract of employment. There are some considerations when drafting these clauses to ensure they are enforceable.
Employers rarely bring proceedingsRead More
A letter of offer of employment is often the start of employment relationship. It is an important document and needs to be drafted with care to avoid disputes and misunderstanding. Decide if the letter of offer is to be just that or whether it will constitute the contract.
The letter of offer can be used either as a stand-aloneRead More
You know that recurring argument your parents had when you were younger?
Parent 1: “If you hadn’t spent so long getting ready we wouldn’t have been late.”
Parent 2: “Well maybe if you had known where we were going we would have got there on time.”
We often argue over ‘time’ and whose fault it is when we are late.
But what if thereRead More
It is a requirement of Article 33 of Employment Rights (NI) Order 1996 (statement of particulars of employment) that an employer is required to state an employee’s place or places of work. These details are often contained in a contract by way of a mobility clause which reserves the right of the employer to change the place of work. WhenRead More
He said, “If you’re gonna play the game, boy
You gotta learn to play it right.” (The Gambler, Kenny Rogers)
The day before the Brexit referendum I placed a (small!) bet on a ‘Remain’ outcome; not my finest moment, but I wasn’t alone in thinking, “it will never happen”. Since then it has occurred to me that my thought process might laterRead More
Changes to the data protection rules are imminent with the intorduction of the General Data Protection Regulation which seeks to improve the rights of individuals in an increasingly digital age. Will the GDPR affect businesses in Northern Ireland if the UK leaves the EU?Read More
Renewable energy and the government subsidies connected to it have been topics of intense scrutiny lately.
Whilst the Renewable Heat Incentive has rarely been out of the press, the closure of the incentives scheme in relation to small onshore wind generating stations has also been the cause for much debate within that industry.Read More
You’ve done your business registration, created your business plan, designed your website and negotiated with business partners but there’s still something important you must do – protect your intellectual propertyRead More
Whether you’ve been in business ten weeks or ten years, an injection of funds is always welcome and often necessary to take your business to the next level.Read More
“Starting Companies is a lot like launching rockets: if you’re a tenth of a degree off at launch, you may be a thousand miles off downrange” Craig Johnson
Record numbers of new businesses are being started every day in the UK and some are calling this the ‘golden age’ of entrepreneurship.Read More
Inheritance tax is payable at the rate of 40% on a deceased person’s estate where the net assets are greater than £325,000. This is called nil rate band (NRB). If the NRB is not used on the death of the first spouse (this term includes civil partners) any unused NRB may be transferred to the surviving spouse. This means anRead More
TUPE is a complex area that will change and be refined by ongoing caselaw. We keep up to date on these developments so that we are aware of how the changes affect your business.Read More
Mills Selig raised over £4000 for the Northern Ireland Children’s Hospice when Managing