“Homemade” limitation clause re-construed

February 19, 2018

Limitation of liability is invariably a key point of negotiation in any contract.  Each party – alive to the fact that things can and often do go wrong in commercial relationships – seeks to limit its potential exposure as far as possible and/or (where the more likely to suffer damage) to maximise the losses it can… Read more »

Spotify moves for a direct listing

February 5, 2018

At the end of December, music streaming leader Spotify filed documents with the US Securities and Exchange Commission for an initial public offering, as reported by Axios. The documents were filed confidentially utilising the “stealth filing option”, a new process introduced by the SEC in July intended to make the listing process more efficient.  Companies,… Read more »

Proposed changes to EIS and SEIS tax incentives

January 30, 2018

As you may be aware, there has recently been some discussion around proposed changes to EIS and SEIS tax incentives for investments in smaller companies. In particular with regard to the new rule called ‘The Risk To Capital Requirement’. This has been of particular interest to the film and TV industry but will also be… Read more »