Quick & Practical Legal Updates - July 2024
1. NEW LABOUR GOVERNMENT - EMPLOYMENT CHANGES
The new Labour government is expected to introduce laws significantly changing employee rights, including removing the 2-year qualifying period for unfair dismissal claims. This means all employees would have full employment rights from day one. We recommend a health-check of employment contracts, policies, etc. to ensure readiness for these changes. See a further update from Nick Pritchett, our Employment Lawyer,?here and contact us at?[email protected] for more details on the health check.
2.GET READY FOR INVESTMENT/ EXIT DUE DILIGENCE
If you’re planning an investment round/ exit, you need to be due diligence ready. Because, at the very least, it will help the deal move quickly, which can be key if your cash runway is short. Legal due diligence is part of this and will include a review of corporate governance, ownership and exploitation of assets, intellectual property and data, your contracts with customers, suppliers, partners, how you deal with your staff, regulatory filings and compliance, etc. See our blog on how we can help you get legal DD ready here.?
3. ARE YOU A FINTECH? DO NEED TO WORRY ABOUT THE REGULATORS?
Our fintech lawyer, Natalie Connor, highlights the importance of regulatory compliance for fintech businesses here. From understanding team qualifications, shareholder scrutiny, capital requirements, and internal policies - all to avoid regulatory issues. Proactive measures and early advice are crucial. Compliance also enhances credibility and trust with clients and investors and differentiates your business in a crowded market. If you have questions about regulation, compliance or dealing with the regulators get in touch.
4. DON'T LET CONTRACT NEGOTIATIONS DELAY A TECH TRANSFORMATION PROJECT
Are you overhauling your tech stack, integrating AI, data analytics tools, and/ or other SaaS / software, and/ or migrating to the cloud??Rob Kinder, our experienced tech & SaaS lawyer explains how to avoid the common contracting pitfalls that can delay projects like this here. If you’re embarking on a similar project get in touch to see how we can support you.
5. MENO(PAUSE) FOR THOUGHT - DO YOU NEED A POLICY?
There’s been a lot of talk about the menopause lately (some say too much ??) - in the media, by celebrities and even from the government. Health is a private matter but do check out our blog on why you should care about this in your business.?A good starting point?is some training and a policy to help inform managers/ staff about how they can support those suffering at work.
6. ICO CRACK DOWN ON COOKIE COMPLIANCE
Tom Gell , data protection expert at?Trust Keith and?ISO Serious talked to us about cookies ??. You might think that you have this covered, but it’s a fast-moving area and many organisations don’t realise what they have is out-of-date. With the ICO clamping down on poor cookie practice see Tom’s list of the top things you need to know?to help ensure you measure up.
NEW TRAINING UPDATE: EMPLOYMENT ISSUES 101 WORKSHOP
This introductory module gives an overview of the basics of employment law, with a focus on the practical and day-to-day management of some typical people issues. The session aims to help equip your team to spot problems, respond appropriately and know when to seek specialist help.
A typical 1.5 hr session will aim to cover:
To find out more or to book in your training session get in touch on [email protected]
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If you want to discuss any of the above or need help please?get in touch. Also, remember we can support with holiday/ interim cover if you need it this summer. We get up to speed quickly and we're here to help ??.