News Update
News Update
Economic Crime Act 2022 – Register of Overseas Entities
August 8, 2022
On 15th March 2022, the Economic Crime (Transparency and Enforcement) Act 2022 (the “Act”) received Royal Assent. According to the Government, the Act aims to tackle economic crime by delivering “transparency about who ultimately owns...
When The Going Gets Tough: Help For Directors of Companies in Difficulty
August 2, 2022
A perfect storm of factors is creating unwelcome pressure for many UK companies this year. From the war in Ukraine to inflation, businesses face a range of challenging circumstances which may be the catalyst for...
Selling your business? Consider a move to Monaco.
July 26, 2022
UK business owners, who are contemplating a sale of their business, are sometimes advised to consider leaving the UK. Moving away (and taking up tax-residence outside the UK) opens up the possibility of mitigating the...
Selling your French property? Beware of Capital Gains Tax…
July 22, 2022
For UK residents who are considering selling their French property, it is important to remember that, if the property has increased in value since it was purchased, the capital gain is taxable in France and...
Death Overseas: UK Probate for French Clients
July 20, 2022
The death of a loved-one is always traumatic. However, the situation is made even worse if the death happens abroad. Druces’ French team has a track-record of helping clients who find themselves dealing with a...
Druces advises GSTechnologies on Sale of EMS Wiring Systems
July 18, 2022
Druces’ Corporate and Capital Markets team has advised GSTechnologies Ltd (“GST”), in connection with an agreement to sell its subsidiary, EMS Wiring Systems Pte. Ltd (“EMS”), to EMS Chairman, Raphael Teo (“RT”). The binding agreement,...
Buying High-Value Property in France
July 15, 2022
Druces’ Private Wealth team is known for its specialism in French law. The team includes French- qualified and French-speaking experts who assist clients with a range of inheritance, tax and property work. French law specialists...
Break Clauses: avoiding pitfalls when terminating leases
July 7, 2022
The end of local and national lockdowns signaled a welcome return of footfall to shopping centres and high streets. As life begins to get back to relative normality, staff up and down the country have...
Are you the Sole Director of a company with standard Model Articles?
June 28, 2022
If so, a recent High Court decision in Hashmi v Lorimer-Wing EWHC 191 (Ch) means you should review your company’s Articles. Before this case it was generally accepted that Model Article 7 meant that a...
