Mills Selig - Knowledge

Mills Selig

Knowledge

The materials in these pages are provided for informational purposes only and do not constitute legal advice. If your business is concerned by any of the issues raised, please contact us directly for advice.

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Article

Tesco To Sell Mortgage Portfolio

Tesco Bank announced that it is stopping new mortgage lending and that its mortgage portfolio is now for sale. Tesco Bank blamed "challenging market conditions" and "limited profitable growth opportunities" for its decision to withdraw from the sector.

 

 

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Article

Challenger Bank Faces Down Fake News

Customers queued earlier this month to withdraw cash and personal items from safety deposit boxes from Metro Bank. The queues at Metro Bank formed after rumours circulated on the messaging app, WhatsApp, that Metro Bank was in financial difficulties. The unsubstantiated messages advised the bank’s customers to withdraw any savings and empty safety deposit boxes.

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Article

Mental Health in the Workplace

Work-life balance is a term that employees often cite when switching jobs and which employers are keen to demonstrate they give thought to and prioritise.

In an era when employees feel that they have to always be available, whether they are in the office

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Article

Game of Thrones Returns

For those of us who did not have the stamina to stay up to the wee small hours of this morning, tonight marks the long awaited return of HBO's epic fantasy Game of Thrones. The series placed Northern Ireland firmly on the world stage in terms of film making and will leave behind

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Article

Do We Care About Sustainable Lending?

It has been recently announced that Australian online lender UBank is about to launch a direct customer "green term deposit". This product is focussed on more environmentally aware younger customers and is marketed as allowing depositors the chance to make a positive impact on the environment. UBank's green term deposit will be invested in projects

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Article

Debt Recovery. Avoiding the Pain of Late Payment

Small to medium sized enterprises (SMEs) are the driving force behind our local economy.  They account for 99.9% of all businesses in Northern Ireland and employ more people than all large businesses and the entire public sector, combined[1].  In a recent survey of NI businesses, when asked to identify the main barriers or obstacles impacting on success,

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Article

Sexual Harassment in the Workplace

Employment Director Kiera Lee discusses sexual harassment in the workplace. In the light of the #metoo movement, what do businesses need to know regarding workplace misconduct?

Kiera is head of the Employment department and has over 15 year in-depth experience in this complex, fast-changing area of law.

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Article

How will Brexit Affect the Hospitality Industry?

Like many other industries in the UK, the hospitality industry is collectively looking over their shoulder as the uncertainty that Brexit will have on their ability to operate, competitively or at all, intensifies. Depending on what statistics you rely on, anywhere from 15% - 25% of the hospitality workforce are EU nationals. Add in an already understaffed industry, which is

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Article

Top Tips for the Trade

Common Pitfalls in Liquor Licensing for Hotels and Restaurants and How to Avoid Them

In Northern Ireland liquor licensing is governed by legislation and the Courts (rather than local councils as in other parts of the UK).  As a result, it is increasingly important to obtain expert and timely advice in an attempt to avoid some of the most common pitfalls. Points

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Article

Lost Password Costs £105 million

It has been reported that users of Canada’s largest Cryptocurrency Exchange, QuadrigaCX are unable to access most of their funds amounting to around C$180m (£105m) as the sole password holder, Gerald Cotten, died apparently taking a vital password with him to the grave. 

 

One of the main attractions of cryptocurrencies is the enhanced security afforded to financial transactions. Cryptocurrencies are seen

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Article

How could Brexit affect corporate loans?

Corporate Borrowers and a No-Deal Brexit

As a no-deal Brexit seems more likely, UK lenders are starting to reveal details of their contingency plans. These contingency plans allow UK lenders to continue to provide banking services to European customers in the case of a no-deal Brexit.

Barclays recently announced contingency plans to transfer assets linked to around 5,000 customers worth £166bn to

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Article

Web Accessibility - A Pizza the Action

Pizza giants Domino’s Pizza kicked off 2019 with a potentially significant defeat before the Ninth Circuit Federal Court in the USA.  The Court ruled that Domino’s must make its website and mobile app fully accessible to the visually impaired.  The Claimant, who uses screen reader technology to navigate the internet, complained that he could not access certain functions of the

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Article

Clarity on civil service powers remains elusive.

Businesses hoping for clarification on the ability of senior civil servants to make decisions on significant infrastructure projects and other matters having a bearing on their strategic planning were left disappointed this week when the Supreme Court declined to answer several questions posed by Northern Ireland’s Attorney General. 

The Attorney General made a reference to the Supreme Court seeking authoritative guidance

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Article

What is a 'Vulture Fund'?

Vulture Funds

At Mills Selig we advise clients on all aspects of dealing vulture funds and over the past several years, we have helped many of our clients negotiate a significant amount of debt forgiveness, allowing them to refinance with new lenders.

What is a ‘Vulture Fund’?

This is a term used to describe a company that buys up

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Article

New Electronic Communications Code - same old problems?

Until recently, the Electronic Communications Code (Old Code), described by the courts as being “one of the least coherent and thought-through pieces of legislation…” had governed the installation and operation of telecommunications networks by operators. We are now in an age where digital connectivity is an essential part of everyday life, both for businesses and as individuals. The Old Code

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Article

Can Blockchain Protect Your Intellectual Property?

 

When we think of blockchain we automatically think of the technology that underpins Bitcoin – but it can do much more than that. Blockchain technology is now being developed across multiple sectors, where it is expected to have a transformational effect; from healthcare to pharma through supply chain logistics to food safety. Technologists are also exploring how it can be

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Article

Secondment - Another employee retention tool?

Secondment is becoming increasingly popular and is most often seen in the commercial sector where companies are keen to maximise the various skills and interests of their staff. The opportunity to go on secondment is the differentiating and decisive factor in a prospective recruit joining one company over a competitor.


There are potential benefits to secondment for both employers and employees.

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Article

Company Insolvency Procedures in Northern Ireland

In recent months we have seen in this jurisdiction a number of high profile Company failures that have caused great concern for unsecured creditors who are at risk of insolvency themselves as a result of a principle source of their income becoming threatened.  In the case of companies, the main types of Insolvency procedure are Administration,

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Article

Using Fixed Term Contracts Effectively

CONTRACT CLAUSES – FIXED TERMS

It is a requirement of Article 33 of the Employment Rights (Northern Ireland) Order 1996 that any terms of employment confirms the duration of that employment. This is particularly important where any appointment is temporary or for a fixed term. Contracts should set this out clearly to avoid later dispute. A fixed term contract starts on

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Article

Repayment and Penalty Clauses in Contracts of Employment

Repayment and deductions clauses are useful tools for employers. They can be used to clawback training costs and other debts, as a disciplinary sanction, an incentive to stay in employment for longer or as a deterrent to breaching the contract of employment. There are some considerations when drafting these clauses to ensure they are enforceable.

Making a deduction

Employers rarely bring proceedings

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Article

Making an Offer of Employment

Letters of offer

A letter of offer of employment is often the start of employment relationship. It is an important document and needs to be drafted with care to avoid disputes and misunderstanding. Decide if the letter of offer is to be just that or whether it will constitute the contract.

The letter of offer can be used either as a stand-alone

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Article

Concurrent Delay – Deal With It!

You know that recurring argument your parents had when you were younger?

Parent 1: “If you hadn’t spent so long getting ready we wouldn’t have been late.”

Parent 2: “Well maybe if you had known where we were going we would have got there on time.”

We often argue over ‘time’ and whose fault it is when we are late.

But what if there

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Article

Does an Employment Contract Need a Mobility Clause?

It is a requirement of Article 33 of Employment Rights (NI) Order 1996 (statement of particulars of employment) that an employer is required to state an employee’s place or places of work. These details are often contained in a contract by way of a mobility clause which reserves the right of the employer to change the place of work. When

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Article

Brexit, Gambling and NEC Contracts

He said, “If you’re gonna play the game, boy
You gotta learn to play it right.” 
​ (The Gambler, Kenny Rogers)

The day before the Brexit referendum I placed a (small!) bet on a ‘Remain’ outcome; not my finest moment, but I wasn’t alone in thinking, “it will never happen”.  Since then it has occurred to me that my thought process might later


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Article

Will Brexit put Data Protection on Notice?

Changes to the data protection rules are imminent with the intorduction of the General Data Protection Regulation which seeks to improve the rights of individuals in an increasingly digital age. Will the GDPR affect businesses in Northern Ireland if the UK leaves the EU?

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Article

Northern Ireland Renewables Obligation – Is there a Saving Grace?

Renewable energy and the government subsidies connected to it have been topics of intense scrutiny lately.

Whilst the Renewable Heat Incentive has rarely been out of the press, the closure of the incentives scheme in relation to small onshore wind generating stations has also been the cause for much debate within that industry. 

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Whitepaper

Being Smart with Intellectual Property

You’ve done your business registration, created your business plan, designed your website and negotiated with business partners but there’s still something important you must do – protect your intellectual property

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Whitepaper

Raising Capital

Whether you’ve been in business ten weeks or ten years, an injection of funds is always welcome and often necessary to take your business to the next level. 

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Whitepaper

Start-up 101

“Starting Companies is a lot like launching rockets: if you’re a tenth of a degree off at launch, you may be a thousand miles off downrange” Craig Johnson

Record numbers of new businesses are being started every day in the UK and some are calling this the ‘golden age’ of entrepreneurship.

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Whitepaper

The Family Home and Inheritance Tax

Inheritance tax is payable at the rate of 40% on a deceased person’s estate where the net assets are greater than £325,000. This is called nil rate band (NRB). If the NRB is not used on the death of the first spouse (this term includes civil partners) any unused NRB may be transferred to the surviving spouse. This means an

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Whitepaper

Redundancy and TUPE the duty to consult employees

TUPE is a complex area that will change and be refined by ongoing caselaw. We keep up to date on these developments so that we are aware of how the changes affect your business.

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Whitepaper

Collect the Cash Avoid the Crisis

Whether your business is booming, breaking even or struggling in difficult economic times, the common denominator is cash collection.

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Article

Tesco to Sell Mortgage Portfolio

Tesco Bank announced that it is stopping new mortgage lending and that its mortgage portfolio is now for sale. Tesco Bank blamed "challenging market conditions" and "limited profitable growth opportunities" for its decision to withdraw from the sector.

 

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Latest News


Brexit: The Changing World of Work?

Brexit: The Changing World of Work?

The sessions are aimed at Senior HR Professionals and each session will be relaxed and

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