Succession meaning

For law firms For law firms, whether you are considering a merger, taking over another practice, disposing of the business or winding it up, the successor practice provisions are almost invariably engaged in such scenarios. You must give careful thought to these rules and their effect on the deal, at every stage, as outcomes are frequently truly surprising, costly and, in the end, can pose intolerable risks for either party or, indeed, both. Grasping the ramifications of your proposals is essential. When the parties collaborate, it is often feasible to reduce exposures enough and in good time to allow a deal to move forward that might otherwise collapse. As ever, knowledge is power. Seldom will buying any element of a legal practice not result in the purchaser becoming a successor practice—you are generally safest to presume that is so. Section 1 aims to outline circumstances in which a successor practice is liable to arise. If you think your arrangement can sidestep creating a successor practice, for example by taking...

A: Before you begin Before pursuing a merger, you and your law firm must hold a clear and candid view of your starting point—the firm’s current position, your strategic aims, and the capability to realise those aims. For further guidance, see Practice Note: Mergers—law firms. All principals should fully understand the: economics of your business, including sustainable profitability and cash flow funding requirements of the business risk and compliance framework and its track record Without such clarity, expectations may diverge and valuable time can be lost. This Checklist sets out the key issues to consider. It does not cover regulatory requirements, due diligence, warranties, deal structure and similar matters, which remain critical but will vary with the specifics of the transaction. The areas addressed here are those that, if tackled thoroughly, should give any law firm merger a significantly better chance of success...

STOP PRESS: This document is currently being revised to take account of the implementation of the Data (Use and Access) Act 2025 (DUAA 2025), which modifies the UK GDPR and the Data Protection Act 2018. For further guidance on the compliance impact of DUAA 2025, refer to Practice Note: Data (Use and Access) Act 2025—compliance implications. This Flowchart follows the approach outlined by the European Data Protection Board (EDPB) to assess whether you may carry out an international transfer of personal data relying on standard contractual clauses (SCCs) or binding corporate rules (BCRs). These transfer tools can be used only where the safeguards, enforceable rights and legal redress available to individuals in the destination country are essentially equivalent to those guaranteed by the General Data Protection Regulation (GDPR). The ‘essentially equivalent’ benchmark derives from the Facebook Ireland and Schrems ruling (Schrems II), determined under the EU GDPR. The Information Commissioner’s Office (ICO) has issued Guidance on transfer risk assessments, which adopts the phrase ‘sufficiently similar’ for transfers under the...

This flowchart sets out a summary of the recruitment process for hiring a staff member. Note: It is compiled from the employer’s perspective...

In this issue Equality and human rights Judicial review Information law International law Other public law news Daily and weekly news alerts New and updated content Dates for your diary Trackers Useful information Equality and human rights Supreme Court rules on first Russia sanctions challenge (Shvidler v Foreign Secretary) The Supreme Court concluded, by a 4–1 majority, that the sanctions applied by the Secretary of State for Foreign, Commonwealth and Development Affairs to Mr Shvidler, and, unanimously, that the actions taken by the Secretary of State for Transport against the yacht M/Y Phi owned by Dalston Projects, introduced immediately after Russia’s invasion of Ukraine, were proportionate and lawful notwithstanding the recognised impact on the appellants’ rights under the European Convention on Human Rights. In a robust dissent, Lord Leggatt criticised the majority’s stance in Mr Shvidler’s appeal, holding that the measures against him, as a UK national, were disproportionate and thus unlawful. With...

Judge Robin Knowles decided Mozambique may add Safa's widow and sons to its proceedings, and that the High Court should remain the venue for the ongoing case, even if ultimately Lebanese law must be applied in full. The French-Lebanese tycoon had passed away before the judge delivered his decision backing the south-east African state in its landmark action linked to the 'tuna bond' corruption scandal...

The new probe into an alleged investment scam run by the property developers Carlauren Group The fresh inquiry into a purported investment fraud linked to property developer Carlauren Group signals that the white-collar watchdog is zeroing in on sprawling, intricate domestic scams that have left tens of thousands short-changed. Prioritising fraud underscores the magnitude of the challenge confronting consumers across Britain, while also indicating that Ephgrave recognises the SFO must bring matters to a conclusion more rapidly. According to Alex Swan of Greenberg Traurig LLP, the director has plainly committed to tackling fraud and to sending a strong message that the SFO will not only chase what some see as ‘big ticket’ cross-border work, but will also safeguard members of the UK public who have been defrauded. This case follows a succession of arrests and searches executed by the SFO since Ephgrave succeeded Lisa Osofsky in September 2023. In his first address, Ephgrave vowed the SFO would be faster, quicker, bolder and ‘more efficient’, with a goal...

This Practice Note outlines the concept of parental responsibility for children under section 3 of the Children Act 1989 (ChA 1989). It describes what sits within the scope of parental responsibility and how the courts have read this concept in connection with matters such as education, religious upbringing, consent to medical treatment, changing a child’s surname, and removing a child from the jurisdiction. Definition Parental responsibility relates to the care and raising of a child until they reach adulthood. Under the ChA 1989, parental responsibility comprises all the rights, duties, powers, responsibilities and authority that, in law, a parent holds in respect of their child and the child’s property. It also embraces the rights, powers and duties that a guardian of the child’s estate (appointed before the ChA 1989 commenced) possessed in relation to the child’s property. Those rights extend to receiving or recovering, in the guardian’s own name for the child’s benefit, property of any description and wherever located to which the child is entitled to receive...

Film and TV glossary A–B Film and TV glossary E–H Film and TV glossary I–L Film and TV glossary M–P Film and TV glossary R–S Film and TV glossary T–W CAP Code for non-broadcast media The UK Code of Non-broadcast Advertising and Direct & Promotional Marketing (the CAP Code) serves as the principal framework governing non-broadcast adverts, promotional sales activity and direct marketing messages. It is drafted by the Committee on Advertising Practice (CAP), a self-regulatory body whose membership comprises organisations representing advertising, sales promotion, direct marketing and media industries. The Advertising Standards Authority (ASA) polices the CAP Code and may require the withdrawal or amendment of any advertisement that contravenes these standards. Refer to Practice Note: Advertising law and regulation. Channel 4 Channel 4 operates as a ‘publisher-broadcaster’: it produces no programmes internally, commissioning content from production companies across the UK. Cinematograph film Under the Copyright Act 1956 (CA 1956), films gained protection as...

Taxation regime What factors determine tax liability in your jurisdiction (eg domicile, residence or citizenship)? Türkiye’s tax landscape is intricate, operating through numerous laws, regulations, communiqués and subsequent amendments. The key legislative instruments include: Tax Procedure Law No. 213 (10 January 1961) Corporate Tax Law No. 5520 (21 June 2006) Value Added Tax Law No. 3065 (2 November 1984) Stamp Tax Law No. 488 (11 July 1964) Income Tax Law No. 193 (6 January 1961) Broadly, the Turkish Tax System is considered under three headings: (i) income taxes, such as individual income tax and corporate income tax; (ii) taxes on expenditure, including Value Added Tax (VAT), the Banking and Insurance Transactions Tax and Stamp Tax; and (iii) taxes on wealth, for example Property Tax and Inheritance and Gift Tax. For natural persons, residency, ownership of property and citizenship are key in determining which taxes apply in Türkiye. An individual’s tax burden is mainly linked to their earnings,...

[Your ]Will—[ name of testator ]—[ explanatory note ] This [ explanatory note ] sets out, in clear terms, the key provisions of your Will. Please review it carefully alongside your Will. If anything fails to match your wishes, please inform [me OR [name of person to contact]] before you sign your Will. Revocation When you execute this Will, all earlier Wills or codicils concerning [your UK estate OR your worldwide estate] are revoked. Consequently, only this Will records your intentions on death. [ International aspects [ [ Your Will only covers your UK property [ and your property outside the UK will be dealt with by a separate, local Will OR and your property outside the UK has already been dealt with by a separate, local Will ] OR Your Will covers your worldwide estate ] . ] [ You state that you are domiciled in [ insert appropriate jurisdiction ]. ] [ You have chosen...

This Agreement is entered into on [ date ] Parties [ insert name of SaaS Supplier company ], a company registered in [ England and Wales ] with company number [ insert registered number ], whose registered office is at [ insert registered office ] (the SaaS Supplier); and [ insert name of reseller company ], a company registered in [ England and Wales ] with company number [ insert registered number ], whose registered office is at [ insert registered office ] (the Reseller). Each of the SaaS Supplier and the Reseller constitutes a party, and collectively the SaaS Supplier and the Reseller are the parties. Background (A) The SaaS Supplier intends to appoint the Reseller as an authorised reseller for certain of its online software applications within the United Kingdom. (B) The Reseller agrees to promote and supply the SaaS Supplier’s online software applications in accordance with this Agreement...

Ahead of the firm’s strategic review and development, all [ equity ] partners are asked to complete this questionnaire. Please email it to [ insert name and email address ]. Return by: [ insert date ] [ Name OR Department ] [ insert name of respondent ] Vision/future What is your vision for the firm in five years? [ insert response ] Top challenges the firm faces What are the top three business challenges for the firm? Culture and values Please circle five options that best describe the firm: ambitious dynamic pro-active innovative business-like traditional client-focused unimaginative team-focused reactive successful under achieving efficient working in silos forward thinking lacking ambition declining modern struggling expanding SWOT Strengths Name three things the firm does well: ...

The Fixed-term Employees (Prevention of Less Favourable Treatment) Regulations 2002 (FTE Regulations 2002), SI 2002/2034 The FTE Regulations 2002 state that, unless an employer can objectively justify continuing to use fixed-term contracts, a fixed-term worker who has been employed on an uninterrupted basis—under one fixed-term contract or a succession of fixed-term contracts—for four years or more and is subsequently re-engaged on another fixed-term contract without any break in continuity will have that further contract treated as permanent. For information on fixed-term employees generally, see Practice Note: Fixed-term employees. In specified circumstances, the FTE Regulations 2002 include a mechanism, derived from the Fixed-term Work Framework Directive, for turning fixed-term contracts into permanent contracts (FTE Regs 2002, SI 2002/2034, reg 8)...

The Agricultural Tenancies Act 1995 (ATA 1995) The Agricultural Tenancies Act 1995 (ATA 1995) brought in Farm Business Tenancies, covering lettings of agricultural land or buildings used for a farm business. A letting made on or after 1 September 1995 qualifies where part of the demised land is farmed for the duration of the letting and either the parties have exchanged notices stating their intention that it will remain a Farm Business Tenancy throughout, or, if no notices were exchanged, the business undertaken is chiefly agricultural. Arrangements agreed before 1 September 1995 are instead governed by the Agricultural Holdings Act 1986 (AHA 1986)...

Succession On the death of a Rent Act 1977 tenant, family members other than a spouse may take over the occupation, but only as assured tenants paying a market rent, and only if they had been living in the dwelling-house for at least two years before the tenant’s death. Under Schedule 1, paragraph 3: where paragraph 2 does not apply, a person who was a member of the original tenant’s family and was residing with him in the dwelling-house at the time of, and for the period of two years immediately before, his death shall, after his death, be entitled to an assured tenancy of the dwelling-house by succession. If more than one such person qualifies, the successor is to be identified by agreement between them or, in default of agreement, by the county court... Land let under separate licence It should be considered whether the neighbouring land (on which the annexe was later built without consent) was granted under a genuine licence, or whether, in fact,...