Join our upcoming webinar to gain invaluable insights into Employee Share Option Schemes (ESOS) and Enterprise Management Incentive (EMI) schemes. Designed for business leaders, HR professionals, and financial decision-makers, this session aims to demystify the complexities surrounding these incentive programs. Please note: Registrations for this event are now closed but you may view the recording: EMI Webinar Recording When? 28th March 2024, 10AM - 11AM (GMT) Key Highlights Introduction to Employee Share Schemes Why Have One? Benefits? Risks? How big/how much equity to give away? Deep Dive into EMI Schemes Why EMI? What does it mean? What’s the government’s position…

Driven by innovation and technology, with accessible talent, expertise and funding, the UK has become an attractive destination for Fintech. Expanding rapidly since the early 2010s, the UK Fintech sector has become home to some of the largest and well-known companies in the world. Now, in terms of investment per capita, the UK is second only to Singapore on the world stage, accounting for 50% of venture capital in Fintech.   As of 2023, there are more than 1,600 Fintech firms based in the UK and this is expected to double by 2030. However, this growth has not come without…

If you’re buying or selling a company, there are two main routes to consider – an asset sale or a share sale. Each comes with its own advantages and downsides. In this article, we’re going to look at both, as well as the legal implications, so you can assess which is best for your needs. When assessing the strengths and weaknesses of an asset sale vs share sale, it’s important to understand the basics. As the name implies, an asset sale involves the purchase of some or all the assets of the company, including property, equipment and intellectual property; the…

The UK is undoubtedly a good place to launch innovative technology. The UK has a goal to transform into a tech superpower by 2030 and is developing international partnerships across academia, government and industry to make this happen.  The UK is already ranked fourth in the Global Innovation Index for 2022 and ranked 12th in the 2022 Network Readiness Index, and it is renowned for a thriving tech ecosystem.   The “Flip Up”  This is why the UK has become an attractive option for foreign based tech startups to move their business to the UK via a “flip up”.  Flipping…

The Commercial Team at JPP Law outline the reasons why every company should have a shareholders agreement.

While some business transactions are quick and simple, many involve protracted negotiations as you shop around for the best provider of goods or services and negotiate hard to get the best terms and conditions. Some businesses in your supply chain may have a formal process for purchase orders and contract execution, while things may be more relaxed with smaller companies or ones where you have a longstanding relationship. Perhaps some of your supply chain have introduced electronic signatures and you are wondering if they are legally valid or if you are required to sign in that way. It is important…

As a business owner preparing for a joint venture, you and your potential partner will need to decide how best to structure the business arrangement so that it provides the best platform for your mutual objectives. Several factors will influence your choice of legal structure for the deal, including the scope of the project, its likely duration, the level of risk, taxation and funding, as well as your respective negotiating positions. The decision whether or not to incorporate should be made very carefully. Key options The key choice will be whether or not to set up a new limited company…

In the UK, convertible loan notes have become a popular option for startups and early stage companies looking to raise finance. These are financial instruments that allow investors to lend money to a company in return for the option to convert that loan into equity at a later date.  When an investor buys a convertible loan note, they are, in essence, lending money to the business, but when certain conditions are met, that money can then be converted to equity or shares. Typically, this conversion occurs when the company satisfies certain conditions, such as a new funding round or an…

It’s not uncommon for a firm’s management or ownership to change during its life as a natural part of the company’s growth and development. Two of the ways this can happen is through a management buy-in (MBI) or a management buyout (MBO). A management buy-in, or MBI, refers to the process in which an external party purchases a significant share or the entire company from its current owners. In many cases, this will mean replacing the existing management team with one of their own. On the other hand, a management buyout is a corporate finance transaction in which the existing…

Selling a business, no matter what size, is a big undertaking requiring plenty of consideration and planning. As an owner or partner, you’ll be looking to get the best possible deal and achieving that means having everything in place from a legal point of view. So your first port of call should be with a team of commercial solicitors with a successful track record in business sales and JPP Law offer a free introductory call which can be utilised before you have found a buyer. It’s a worthwhile exercise because we can provide hints and tips on preparing your business…