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13 July 2018 0 Comments Posted in Financial Services, Opinion

Brexit White Paper – “a real blow for the UK’s financial and related professional services sector”?

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Financial services canary wharf

The Government’s proposals for the new financial services arrangements between the UK and the EU post-Brexit, detailed in yesterday’s White Paper, have been roundly criticised by key figures within the industry. Policy chairman of the City of London Corporation Catherine McGuinness has labelled the proposals “a real blow for the UK’s financial and related professional services sector” and warned of the impact on job creation and growth in the wider economy that would result if it forms the basis of the final deal.

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12 July 2018 0 Comments Posted in Corporate & Commercial, News

Victory as Royds Withy King gets Bristol Forklifts sale over the finish line

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Press release

A vintage F1 champion and his business partner have sold their Bristol-based company to a key supplier with support from the Corporate team at UK Top 100 law firm Royds Withy King. Serial entrepreneur Julian Bronson, who has won the …

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European Banking Authority warns preparations for a no-deal Brexit by financial institutions are inadequate

Posted by , Partner

The European Banking Authority (“EBA”) has published an opinion in response to the current status of the Brexit negotiations. The opinion cites significant concerns regarding the preparation of financial institutions that will be affected by Brexit, particularly the impact of the potential loss of passporting rights, and highlights the potential for disruption if financial institutions are not adequately prepared for a no-deal Brexit.

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FCA issues guidance for banks with cryptoasset holding clients

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cryptocurrency

The Financial Conduct Authority (“FCA”) has issued a letter to CEOs of UK banks highlighting the potential risks faced when dealing with cryptoassets. The letter sets out good practice for banks when managing the increased risks of financial crime that dealing with cryptoassets present.

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11 June 2018 0 Comments Posted in Corporate & Commercial, Opinion

UK takeover regime: new national security rules come into force

Posted by , Partner

London on the map

New rules that will enhance the Government’s powers to block takeovers on national security grounds have come into force today (11 June 2018). The changes relate to businesses that develop technology or hardware that is, or may be, used for military purposes.

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21 May 2018 0 Comments Posted in News

Royds Withy King shortlisted for Corporate Law Firm of the Year Award

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James Worrall Royds Withy King

Royds Withy King has been shortlisted for Corporate Law Firm of the Year at the South West Insider Dealmakers Awards 2018.

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Royds Withy King advises on MBO at homewares distribution company – and secures new owner for Wesco distribution arm in Bath

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James Worrall Royds Withy King

The Corporate team at law firm Royds Withy King in Bath has advised on the management buyout of kitchen and furniture fitting and accessories provider LDL Components Ltd and on the subsequent acquisition of its Wesco product distribution business, for …

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Economic Question Time

Posted by , Partner

Economic Question Time logo

Royds Withy King, HSBC Bank plc and Bishop Fleming would like to invite owners and directors of Bath and Somerset businesses to the Economic Question Time breakfast with Mark Berrisford-Smith, Head of Economics for UK Commercial Banking at HSBC Bank in London.

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What does Unilever’s relocation to the Netherlands tell us about the state of the UK corporate governance regime?

Posted by , Partner

Unilever’s recent announcement of the decision to abandon its model of having dual headquarters in London and Rotterdam in favour of a single location in Rotterdam was seen by many as a symbolic blow to the UK’s attractiveness to international businesses in the wake of the Brexit vote. Unilever’s chief executive Paul Polman and the UK Government however, are adamant that the decision was not related to Brexit. So, if not Brexit, what were the key factors in the decision to abandon the existing model, which Unilever adopted in 1929 following the merger of Lever Brothers and Margarine Unie?

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19 January 2018 0 Comments Posted in Corporate & Commercial, Opinion

Carillion’s collapse – a corporate governance failure?

Posted by , Partner

Financial investigation

Following Carillion, the second largest construction firm in the UK, and employer of 43,000 people, entering compulsory liquidation on Monday the government has ordered a fast-track investigation into the conduct of its directors.

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16 January 2018 0 Comments Posted in Corporate & Commercial, News

New owner for alcohol breathalyser immobilisation system distributor

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Press release

The Corporate team at UK Top 100 law firm, Royds Withy King, has advised on the sale of Alcolock GB Ltd, a distributor of alcohol breathalyser immobilisation systems, to Isotrak Group. Established in 2006 by David Whittock, Alcolock was devised …

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8 August 2017 0 Comments Posted in News

Sale helps timber merchant to grow its branches

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Sale helps timber merchant to grow its branches

A team from UK Top 100 law firm Royds Withy King based in Bath has advised the shareholders of one of the UK’s largest suppliers of wood-based timber products, Avon Plywood Limited, on the company’s sale to Sydenhams Ltd for …

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