Corporate

Understanding the mechanics of a corporate transaction and creating a strategy to keep things moving are the two principles underlying Forsters Corporate practice. Specialising in helping companies, entrepreneurs, investors and high net worth individuals, our corporate lawyers unravel the complexities of each transaction to ensure our clients' business and wider interests are achieved.

With a strong sector focus, the Corporate team regularly works with real estate companies, family offices and individuals. Additionally the group has a growing reputation as one of the leading hotel advisory firms. Our approach is pragmatic and commercial. We adapt to each transaction, with in depth experience on a wide-range of matters, from M&A, to finance and tax.

The Register of Overseas Interests and Corporate Transactions

We may not yet know when the register of overseas entities (the “Register”) to be set up under the Economic Crime (Transparency and Enforcement) Act 2002 (the “ECA”) will become effective, but we can be fairly certain that it will be in the not-too-distant future.

Economic Crime (Transparency and Enforcement) Act 2022: Register of Overseas Entities

The Economic Crime (Transparency and Enforcement) Act 2022 (the “ECA”) received Royal Assent on 15 March 2022. The ECA covers three main areas – the creation of a register of overseas entities (the “Register”), amendments to the unexplained wealth orders regime, and amendments to the sanctions regime. This note provides a brief overview of the creation of the Register and what impact this will have on overseas owners of UK property.

Employment Law 2022 Forecast

With 2022 well underway, you may want to keep an eye out for some of these anticipated employment law changes.

London Calling? Government Proposes Overseas Companies Re-Domicile to the U.K.

Elizabeth Small, Partner in our Tax team, looks at the U.K. government’s proposed scheme for international companies to re-domicile to the U.K., and assesses the processes and potential tax implications for businesses that contemplate doing so.

We Need To Talk – Financial Difficulties and Facility Agreements

Unfortunately, businesses often face financial difficulties and the pandemic in particular, has caused problems for many. This is a stressful and worrying time for any business, even if they have no bank debt, but what are your options if you do have debt finance in place and are at risk of defaulting under the facility agreement?

Weathering the storm: The future for hotels

The Covid-19 pandemic created a perfect storm for the hotels sector and, despite ever improving signs of recovery, the resulting devastation will take time and innovation to repair. Unprecedented economic life-support provided by the UK government over the last two years has kept the gathering clouds at bay, but there could well be casualties in 2022 and beyond. This was the conclusion of a roundtable discussion hosted by Forsters on 10 November 2021.

Forsters advises on the £275 million sale of Cult Beauty to The Hut Group

A Forsters team led by Head of Corporate, Craig Thompson, and Associate, James Hamilton, advised Net-a-Porter founder Mark Quinn-Newall's Neurotribes investment fund on the sale of its substantial stake in Cult Beauty to The Hut Group for £275 million.

Forsters advises Greybull Capital on the purchase of McLaren Applied

A cross departmental team, led by Client Relationship Partner, Craig Thompson, and Senior Associate Daniel Bryan, has advised long-standing client, Greybull Capital, on their high-profile purchase of the McLaren Group's Applied business division.

Forsters advises specialist lender and investor in UK residential property, Hilltop Credit Partners on a £15 million loan to developer, Propiteer Group

Banking and Finance Partner, Simon Collins, led the Forsters team to act for new client, Hilltop Credit Partners, to complete a £15 million loan to the Propiteer Group for a development project.

Government-backed loan schemes – recent updates

The Winter Economy Plan, launched by the Government on 24 September 2020, contains several measures designed to support businesses throughout the current coronavirus pandemic, including the extension of the Government-backed loan schemes.

Making redundancies as a result of Covid-19

Many employers have sadly needed to make redundancies in recent months due to the pandemic and with the Coronavirus Job Retention Scheme coming to an end at the end of October 2020 and the new Job Support Scheme only filling part of the void, this trend will likely continue. This article provides a useful summary of the key considerations for employers who are contemplating a headcount reduction.