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Archive for September, 2012

Thursday 27 September 2012

MH Update Autumn 2012

Welcome

The word on everybody’s lips following the conclusion of London’s glorious Olympic summer is ‘legacy’. The meaning of the term ‘legacy’ varies from one person or organisation to another. Amongst hardened City of London commuters, Marriott Harrison LLP lawyers hope that the Olympic legacy will amount to more than a plethora of fading pink stickers on tube station maps indicating the stops for Games venues.

This autumn promises a stimulus to the sluggishness of commercial activity that preceded the Games and then trailed in its wake. How much of those activities in which our clients are engaged will directly result from the beginnings of the legacy is currently difficult to predict. Nevertheless, while plans are made for new projects, there are plenty of changes in the law to address. In the current issue of MH Update, lawyers from around the firm’s departments examine a number of current legal developments and review matters that have recently been challenging our clients. These include pieces that consider: The interpretation of commercial contracts; changes to the UK security registration regime; proposed changes to the corporate residency test in the Takeover Code; the long awaited auto-enrolment pension scheme; saving rates on empty properties; issues arising on earn outs; the relevance of the Legal Aid Sentencing and Punishment of Offenders Act 2012 to business and a review of the pros and cons of social media in the work place.

The Olympics demonstrated that London is an international city. As the UK economy continues to eschew growth, Marriott Harrison LLP lawyers have been increasing their focus on opportunities to develop international business. With a round-up of some of the firm’s recent international initiatives and projects, one increasingly apparent legacy of the Olympic summer is the City-wide in recognition of the relevance of the global delivery of UK legal services.

Tony Morris
Managing Partner

 

Thursday 27 September 2012

MH Real Estate

Want to save money on empty commercial property? 

The Problem

Both a tenant with space they no longer occupy and a freeholder who can’t find a tenant have to pay business rates on empty commercial properties, no matter how hard they are trying to find a new occupier. Indeed, even the Government is affected as it will pay over £70m rates on empty buildings this year. Empty retail and office premises only have a three month rate-free period, industrial and warehouse units have six months and then full rates become payable. However, legislation provides that a new rate-free period is triggered when there has been a degree of occupation for a minimum period of six weeks.

Thursday 27 September 2012

MH Commercial and Media

Social Media in the Workplace – Advantages and Disadvantages

Social media has fundamentally changed the way we live our personal lives and in the workplace. Twitter, Facebook, Linked In and now Google Plus provide platforms with millions of members who can be reached in an instant. This article looks not just at the advantages and opportunities that social media offers employers and employees but also the disadvantages and risks that arise from having such powerful and instantaneous tools. Lastly, it looks at steps that employers can take to minimise the disadvantages and risks arising from the use of social media.

Thursday 27 September 2012

MH International

Marriott Harrison LLP continues to increase its international offering, focusing on key jurisdictions across all of its departments. Below are some recent examples of Marriott Harrison LLP’s international work.

Thursday 27 September 2012

MH Employment

Automatic Enrolment Pension Scheme: The Essentials

The long-awaited auto-enrolment pension scheme comes into effect from 1 October 2012. The scheme affects every UK employer and aims to ensure that all eligible “jobholders” (broadly, employees and other workers earning over a minimum amount) automatically become members of a qualifying pension scheme. Importantly, the scheme requires employers to pay a mandatory minimum contribution into the eligible jobholders’ pensions. This article gives a brief overview of what is a complicated scheme.

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