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While the Employee Share Scheme, also known as EMI (Enterprise Management Incentive) schemes are well known for tax benefits for both companies and employees, there are EMI scheme rules that every business should fully understand to remain compliant. EMI legislation has been updated and companies should take legal advice to ensure their circumstances comply with current EMI scheme rules and legislation. The Employee Share Scheme has benefits for both employers and employees As explained in our previous article, What are…

A shareholders agreement is a vital element of any arrangement that involves bringing shareholders into a business. As a legal document that outlines the rights, responsibilities and obligations of shareholders and the company, it is a mutually beneficial agreement protecting the business and the shareholders. It sets out the rules regarding the control of important decisions by the shareholders, the transfer of shares, non-compete obligations, confidentiality clauses and dispute resolution. At JPP Law we only provide bespoke shareholders agreements, but…

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…

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…

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…

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…

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…

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…

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…