Good news was announced for Irish Citizens living and working in the UK (and British Citizens living and working in Ireland) as the UK and Irish governments agreed and signed a Memorandum of Understanding last week.
Ten years or so ago we all kept our photographs of family, friends and our exploits in hard bound leather albums which were readily accessible to all members of the family even after someone had died. These days, however, most of us keep them in the cloud or on some form of social media platform.
The chief executive of Boyes Turner says ‘an exceptional year for an exceptional team’ has seen profits increase by more than 20% while revenue exceeded £15m for the first time in the law firm’s history.
In 2008 the Office of Fair Trading imposed fines of £129.2 million on 103 construction firms which it found had colluded with competitors when pricing building contracts. The fines resulted from what was, at the time, the OFT’s largest investigation under the Competition Act 1998. The practice known as “cover pricing” was found to be widespread within the industry. Given the press attention the case received at the time, the high profile names of some of the companies involved and the level of fines (even though a number were substantially reduced on appeal), there was an expectation that the industry would learn its lesson. That appears not to have been the case in light of a recent Competition and Markets Authority (“CMA”) decision.
Selling your tech company: Earn-Out Pricing Mechanisms
A successful tech business will inevitably attract attention from would be suitors and so at some point, the founding shareholders will be required to make a decision as to the extent to which they want to retain autonomy for driving its day-to-day operations and the level of their own investment going forwards.