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  • Article

    Anatomy Of A Priced UK Venture Capital Funding Round

    Have you ever wondered what a 'priced' UK venture capital funding round looks like as a flow chart? We put one together for you...
    United KingdomCorporate/Commercial Law
    Humphreys Law
    Humphreys Law
  • Article

    That Could Have Been A Lot Worse: Thoughts On Rachel Reeves' First Budget As Chancellor

    Last Wednesday new Chancellor, Rachel Reeves, delivered her first budget and the first Labour Party budget for 14 years.
    United KingdomTax
    Humphreys Law
    Humphreys Law
  • Article

    The ‘Un-Budget': An Almost Complete Reversal Of The 2022 September ‘Mini Budget'

    Following the Government's second U-turn on 14 October 2022 (on the rate of corporation tax) and the appointment of Jeremy Hunt as new Chancellor (on which we reported here)...
    United KingdomTax
    Humphreys Law
    Humphreys Law
  • Article

    Founder Equity: How To Rebalance A Cap Table After A Down Or Flat Round And Top Up The Management Team

    Route 1 for founders of UK tech ventures invariably involves subscribing for shares in a new limited company on incorporation before navigating the company through a series of equity...
    United KingdomCorporate/Commercial Law
    Humphreys Law
    Humphreys Law
  • Article

    2022 September ‘Mini Budget': U-turn On Corporation Tax Rate And Appointment Of Jeremy Hunt As New Chancellor

    Another day, another U-turn. And a change of Chancellor, with Jeremy Hunt replacing Kwasi Kwarteng with effect from today (14 October 2022). This makes Kwasi Kwarteng's run as Chancellor...
    United KingdomTax
    Humphreys Law
    Humphreys Law
  • Article

    2022 September ‘Mini Budget': U-Turns On The Top Rate Of Income Tax And The Timing For Publication Of Debt Forecasts

    On 3 October 2022, less than a fortnight after the ‘Mini Budget' on 23 September 2022, the Chancellor announced a U-turn on one of his flagship measures
    United KingdomTax
    Humphreys Law
    Humphreys Law
  • Article

    2022 Autumn Statement: An Attempt To Balance The Books

    Unlike the 'Mini Budget' in September, the 2022 Autumn Statement (see here for the full document) contained few surprises with regard to new tax measures..
    United KingdomTax
    Humphreys Law
    Humphreys Law
  • Article

    Choice Of Trade Mark: Red Rag To A Bull

    Popular trade marks – perhaps unexpectedly to competitors – can enjoy a very extensive penumbra of protection.
    United KingdomIntellectual Property
    Humphreys Law
    Humphreys Law
  • Article

    Collapse Of Buy-now-pay-later Firm Laybuy And The Regulatory Oversight Of The UK's BNPL Market

    The music has been slowing for a while in the BNPL market. And for the collapsed Laybuy – one of the major BNPL players – the music has stopped in recent days. It is not hard to see why.
    United KingdomFinance and Banking
    Humphreys Law
    Humphreys Law
  • Article

    Spare Parts: A Thorny Issue: IP Monopolies v Competition Freedom

    Modern European intellectual property (‘IP') laws contain savings aimed at preventing the abuse of competition, especially in the spare parts market.
    European UnionIntellectual Property
    Humphreys Law
    Humphreys Law
  • Article

    HLaw Ventures Into Romania's VC Ecosystem

    On 15 September 2022, HLaw's Natalya Vilyavina and Sanya Bhambhani attended Stratulat Albulsecu's 10th anniversary event at LOFT Diplomat in Bucharest, Romania.
    United KingdomFinance and Banking
    Humphreys Law
    Humphreys Law
  • Article

    Top 5: Term Sheet Traps In A Bear Market For Founders

    At time of writing, just about everything is going down apart from inflation and interest rates. Unemployment in the UK is still negligible, but if that too starts going...
    United KingdomFinance and Banking
    Humphreys Law
    Humphreys Law
  • Article

    Intellectual Property Infringement: Directors' Personal Liability

    Remedies for intellectual property infringements include damages or, at a successful claimant's election, an account of profits.
    United KingdomIntellectual Property
    Humphreys Law
    Humphreys Law
  • Article

    Directors' Accessory Liability For Company Torts

    The UK's top court recently clarified in the context of registered trade marks infringement the law regarding directors' accessory liability for torts committed by their companies.
    United KingdomIntellectual Property
    Humphreys Law
    Humphreys Law
  • Article

    Breach Of Warranty Notification Clause Requirements: Court Of Appeal's Pragmatic Turn As Drax Decision Overturns High Court

    The Court of Appeal has overturned a High Court ruling, clarifying that breach of warranty claim notices need not detail the specific basis for claims, promoting a pragmatic interpretation that encourages clearer drafting of notification clauses in commercial agreements.
    United KingdomLitigation, Mediation & Arbitration
    Humphreys Law
    Humphreys Law
  • Article

    BIG MAC – Dangers In Overzealous Trade Marks Enforcement

    Trade marks registration gives proprietors exclusive rights to use their trade marks in relation to registered goods and/or services.
    United KingdomIntellectual Property
    Humphreys Law
    Humphreys Law
  • Article

    2022 Spring Statement: A Tightrope Between Dealing With The Cost-Of-Living Crisis And Protecting The Economy

    When the 2022 Spring Statement was scheduled earlier this year, it was not expected to be a major fiscal event. 2021 had seen two separate Budgets which each included a range of tax measures...
    United KingdomTax
    Humphreys Law
    Humphreys Law
  • Article

    The Race To Regulate Crypto

    As the UK welcomes the news of Rishi Sunak's appointment as Prime Minister, the crypto industry welcomes the efforts of lawmakers as they seek to give legal recognition to cryptoassets.
    United KingdomTechnology
    Humphreys Law
    Humphreys Law
  • Article

    Small Garden, High Fence: UK Government Responds To Call For Evidence

    The UK government's response to feedback on the National Security and Investment Act highlights planned updates to improve clarity, mandatory notification rules, and exemptions, ensuring national security while maintaining a business-friendly environment.
    United KingdomGovernment, Public Sector
    Humphreys Law
    Humphreys Law
  • Article

    Design Economics: Maximising Value Through IP Designs Registration

    The designs economy contributes around £86bn in gross value added to the UK (around 7% of UK GVA).
    United KingdomIntellectual Property
    Humphreys Law
    Humphreys Law

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