30 July 2024
Selling soon? Keep tax in mind
The Chancellor’s statement yesterday highlighted a black hole in public finances. The Chancellor also reaffirmed Labour’s commitment not to raise income tax, NICs or VAT (beyond the addition of VAT to private school fees paid from yesterday in relation to the school term staring in January 2025).
22 July 2024
The AI Regulatory Regimes of the EU and the UK and how best to comply
The European Union's AI Act and the UK's AI Bill in the House of Lords represent two significant legislative efforts aimed at regulating artificial intelligence (AI) within their respective jurisdictions. Both frameworks seek to ensure ethical AI development and usage while fostering innovation, yet they diverge significantly in their regulatory approaches and implications.
16 May 2024
AI and national security – tread with caution
Glafkos advises a broad range of corporate and private clients on M&A, joint ventures, private equity and growth capital transactions and general company law matters.
27 March 2024
Mind your business: valuing corporate assets on divorce
With over 800,000 businesses incorporated in the UK every year, it is no surprise that business assets and in particular the disposal of business interests are often a significant issue when dividing assets between separating spouses in financial remedy proceedings. The landmark case of White v White [2000] introduced the starting point of an equal division of capital, as Lord Nicholls held: “There should be no bias in favour of the money-earner and against the home-maker and the child-carer”. However, the concept of matrimonial and non-matrimonial assets is vital in cases involving businesses, as the non-business owning spouse may have a weaker claim against the value of the business, in circumstances where the value was generated prior to the marriage or following the parties’ separation.
6 March 2024
KN Spring Budget Briefing 2024
The theme for the 2024 Spring Budget we were told, repeatedly, was 'lower taxes mean higher growth’. Although there were a number of areas touched upon by Jeremy Hunt, the Chancellor of the Exchequer, the KN Budget Briefing looks at some of the most important changes and how they might impact our clients.
