Scottish Limited Partnership (SLPs) (as well as English Limited Partnerships) are a type of business structure formed under the Limited Partnership Act 1907. Unlike English Limited Partnership, SLPs have separate legal personality meaning they can, among other things, enter into contracts and own property in their own name. It was partly this distinction that resulted in the Persons of Significant Control regime (designed to improve transparency of UK corporate entities) being extended in 2017 to apply to SLPs (but not English Limited Partnerships).
It seems like only yesterday that the nation was gripped by the news of Prince Harry and Meghan Markle’s engagement. The big day has now been and gone, and between the Givenchy dress, the celebrity guests and the usual pomp and circumstance of a Royal occasion, there are still plenty of pictures and commentaries for us all to pore over. Since the engagement it seems there has been no shortage of headlines for this special event, and this is no more so than earlier this year when it came to light that the couple had decided not to enter into a pre-nuptial agreement.
Today the UK Supreme Court will hear the English family law case of Owens v Owens. The Court will be asked to decide whether a woman, Mrs Tini Owens, can divorce her husband, Mr Hugh Owens, despite his refusal to consent to their divorce. Whilst the facts of this case are not extraordinary, they have led to this case reaching the highest Court in the United Kingdom, which is quite unusual.
In January 2009, energy giant SSE started operating the Glendoe Hydro-Electric Scheme. Opened officially by the Queen later that year, the scheme was cited as one of Scotland’s biggest civil engineering projects, capable of generating power for 250,000 homes every 24 hours.
It is estimated that there are 4.8 million family businesses in the UK (Institute for Family Business Report 2017-18), making up 87% of private sector firms in the UK and 92% of private sector firms in Scotland.
Depending on the plans for the business, the principals may well be taking professional advice on succession planning, such as continuity of the business in the event of sudden death or the most tax-efficient way to pass the business on to the next generation etc. But how often is the impact of divorce of one of the partners or shareholders considered?
The announcement last week that Vattenfall will be seeking to offer Corporate PPAs to provide renewable energy from its new windfarm is likely to spark renewed interest in these electricity supply contracts.
As we continue our countdown to the GDPR, which comes into force in under one month’s time (yes –one month!) on 25 May, this blog considers the impact the GDPR will have on direct marketing and the steps your business can take to assist with compliance.
Along with millions of other viewers throughout the UK, MacRoberts’ Family Team sat down on Tuesday night to watch the second instalment of the BBC’s new legal drama, ‘The Split’.
You might ask yourself why a team of family lawyers, at 9pm on a Tuesday evening, would sit down to watch a BBC drama about the issues that they deal with day-to-day. The truth is, it is fascinating to see how your profession is portrayed on television, and discover whether the show has a good grasp of the realities of the job.