Sector Focus


Expanded offering from Marks & Clerk


International intellectual property service provider Marks & Clerk has enhanced its Birmingham offering with a partner promotion and three trainee attorney hires. John Ferdinand, a Trade Mark


attorney based in the Birmingham office, has been promoted to partner. John has over 10 years’ experience in Trade Mark practice, representing clients involved in the manufacture of electrical accessories and plumbing and heating technologies. Marks & Clerk has also boosted


its Birmingham team with the appointment of trainee Trade Mark attorneys Megan Rannard and Kim Trythall and trainee patent Attorney Dr. Peter Heins. David Ward, UK managing


partner at Marks & Clerk, said: “We are committed to investing in our people, our clients and our firm and bringing new talent into our partnership and the firm is key to us continuing to deliver a world class service. “Birmingham as a city is


currently undergoing a period of significant growth and investment, and the growth of our team here reflects our ongoing commitment to being part of that.”


Legal


Business must be ready for ownership legislation


Businesses across the West Midlands are being reminded that they now have new deadlines in which to inform Companies House of any changes to their ownership. The legislative change, which


comes as a result of the EU Fourth Money Laundering Directive (4MLD), and introduced last year as part of the Small Business, Enterprise and Employment Act 2015, means that all unlisted UK companies and LLPs must identify ‘People with Significant Control’ over them, and record their details in a statutory register. Kam Johal, partner in FBC


Manby Bowdler’s corporate department, said: “Until now, any changes to the People with Significant Control (PSC) register could be notified annually using the company’s annual CS01 confirmation statement. “From now on, however, the


change needs to be updated on the firm’s PSC register within 14


reporting within the PSC regime mean that companies must now be far more responsive and quicker to inform Companies House.” The PSC regime was designed


to combat corporate crime, by making it easier to find out who controls a company and was introduced as part of a global initiative to tackle misuse of company structures. Kam added: “Whilst listed


Kam Johal: New rules make it easier to find out who owns a company


‘Companies must now be far more responsive and quicker to inform Companies House’


days and a further 14 days are allowed to send the information to Companies House. “Simply, these changes to


companies were exempt from the PSC regime due to their reporting requirements with the Financial Conduct Authority, the changes introduced by 4MLD may mean that AIM-listed companies lose their exemption. “This is because 4MLD only


expressly allows exemption for companies on regulated markets such as the main market of the London Stock Exchange. “Simply, any AIM-listed


companies need to keep a close eye on what is decided and be prepared to act accordingly.”


We will help you find the way


Jacobs Law Solicitors has a dedicated team of lawyers headed by Mr H. Bashir (Partner/Solicitor) who specialise in all aspects of Family Law.


We aim to provide you with professional legal advice accompanied with practical solutions which will suit you best. We offer the first consultation for up to 30 mins for free so that you know who we are before you commit to us.


Our solicitors aim to give you clear and concise advice, so that you are fully informed and you are able to make a decision about how you want your family law case to proceed.


Jacobs House • 180 Soho Hill • Birmingham • B19 1AG T: 0121 551 2189 56 CHAMBERLINK November 2017


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