Latest News within Family Business
In an interesting twist on an old movie script, a recent Supreme Court ruling found that for a removal order to be issued against an EU individual on the ground that she had abused her right of residence in the UK by attempting to enter into a marriage of convenience with a non-EU national, it was for the home secretary to establish that it would have been a marriage of convenience rather than for the individual to establish that the relationship was a genuine and lasting one.
The government is encouraging divorcing couples to settle the issues surrounding their separation using mediation rather than by going to court under new rules that have just come into force.
Elizabeth Bilton, Head of Mediation said, “These reforms mark a significant moment for the family justice system and are aimed at reducing both the potential for conflict and also the time taken to settle the divorce”.
Banner Jones received another accolade this month from the InterContinental Finance Magazine (ICFM).
Chris Sellars, Director and Head of Business Legal Services says ‘We are delighted to have received the HIGHLY COMMENDED – TOP TIER FIRM status in the TOP BUSINESS LEGAL SERVICES FIRM OF THE YEAR – UK category. The awards are voted for by their readership who said that Banner Jones is considered to have performed to exceptional levels during one of the most difficult economic periods ever experienced. I am very proud of my team and all the staff at Banner Jones who make winning these awards possible.’
The Banner Jones Business Legal Services team are continuing to develop their Family Business specialism by utilising their ICFIB (International Centre for Families in Business) accreditation. Their regional specialism in this area allows them to give tailored legal advice to family owned businesses whose requirements are very different and often more complex.
70% of all UK businesses are family owned and yet each and every one will be different to the next. As fully trained corporate members of ICFIB (International Centre for Families in Business) our family business team recognise the importance of this uniqueness and have now introduced a regular family business event.
If you are starting a business this year and looking to lease a commercial property perhaps a Green Lease might be worth some consideration. Commercial property landlords all over the UK are starting to think Green and those that have already put measures into place are well positioned for any future enforcement of environmental performance. It is thought this could happen to help the UK reduce its overall carbon footprint.
If you have a business, a partnership or are a company director then you should consider appointing a Power Of Attorney. This allows you to delegate decision-making to your attorney if for any reason you can’t be there to make the decisions yourself. You can limit their power to a specific time frame and also limit the decisions they are able to make for you. For example, if a lease for new premises needs to be signed on the 29th of the month, when you will be in the south of France, you can nominate someone to have power to sign that specific lease on that specific day.