The Economic Crime and Corporate Transparency Act 2023 came into force in late October, and will bring sweeping changes and additional compliance measures to UK company administration. Vialex compliance manager, Natasha Edgecombe looks at how SMEs can get ahead of the game.
The passing of the National Security and Investment Act 2021, provided the government with the power to scrutinise and intervene in corporate transactions. 18 months on, Legal Director Morag Waller, looks at the practical impacts of the Act’s key provisions on such transactions.
Vialex has advised Empteezy founder, Bruce Wishart in the sale of Empteezy Group Limited to an MBO.
Failure to comply with new legislation on property and land ownership which is now required as part of The Economic Crime (Transparency and Enforcement) Act 2022 can prove costly. Vialex legal adviser Scott Paterson looks at some of the basic principles or tests which everyone should know.
The Register of Overseas Entities which went live on 1 August 2022, is part of the Economic Crime (Transparency and Enforcement) Act 2022 implemented in the wake of the Russian invasion of Ukraine. It represents a significant additional step as part of wider efforts to increase corporate transparency in the UK, to tackle the opaque nature of foreign ownership, and support efforts to tackle money laundering in the UK property market.
Vialex advises in merger between two of Scotland’s oldest legal firms, to create fourth largest legal business in Scottish market.
Vialex advises TSG Group, leader in technical services for sustainable mobility solutions, on three UK acquisitions.
Funding for Highland Coast Hotels from Scottish National Investment Bank (SNIB) will support upgrades to hotels and tourism and employment opportunities in the region.
Vialex is delighted to have acted as advisers to the principal shareholders of Aptus Systems Limited (t/a Spoonfed), in the sale of the Glasgow-based catering software company, to the Michigan-based, US technology firm, 365 Retail Markets.
Vialex is delighted to have supported Gearing Up in its acquisition of the Langstone Group.