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Latest Legal News

Latest Legal News

“Don’t hide….because you are that light”

The inspiring words of Herakut that feature high on the mural that covers the façade of Aberdeen’s Indoor Market will keep the memories of the inaugural Nuart Festival fresh in the mind of Aberdonians and visitors to the city. It, and the other fantastic and eye-catching street art painted by international artists throughout the festival, have certainly encouraged many people to see Aberdeen city centre in a new light. No more Grey City.

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Introducing The New Scottish Private Fund Limited Partnership

UK partnership law has been relatively unchanged for over 100 years.  So it was big news on 6 April 2017, when a new partnership vehicle was introduced in the UK.  The private fund limited partnership (“PF LP”) has been designed specifically for the private funds industry, and reduces administrative requirements while maintaining the UK’s competitive position with other jurisdictions.  A PF LP is a UK limited partnership, established under the UK Limited Partnerships Act 1907, which has been designated as a private fund limited partnership.

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BEIS Clarification Over PSC Uncertainty

"To PSC or not to PSC?”…that is no longer the question.  The Department for Business, Energy & Industrial Strategy (“BEIS”) has confirmed that a person that takes security over shares in a Scottish company must appear on the company’s Register of People with Significant Control (“PSC Register”)

As explained in our previous blog, the relevant PSC legislation provides a carve-out which, on the face of it, sugges

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