The Government recently published the English Devolution and Community Empowerment Bill, which proposes banning upwards-only rent reviews in commercial leases. The change is still subject to Parliamentary approval. Under the current system, rent on review can only increase or stay the same and cannot drop below the current rent, even if market rates fall. Partners, David Rawlence and Sophie Henwood, and Associate Kate Symons, outline the key aspects of the proposed ban.

The Telegraph, Yahoo! Finance and MSN have shared an article showcasing stories of next generation youngsters joining family businesses, a 12% increase since 2017 in the number of family members who work for SMEs. Hayden Bailey, Head of Private Client, is mentioned in the article commenting that family businesses “take a long-term view, which may be encouraging to the next generation.” He has also published research showing that family businesses tend to outperform the FTSE 100, generating higher revenues and reinvesting more into the business.

Contact the team at Boodle Hatfield should you need advice on either succession planning, or relating to the running of your business.

Divorce can be one of the most underestimated risks facing a family business. From ownership disputes to frozen assets and destabilised succession plans, the financial and operational fallout can be severe. In IFA Magazine, Partner and Mediator, Katie O’Callaghan explores the legal blind spots many business owners overlook and outlines practical steps, such as Structural Legal Protections, to reduce the risks before issues arise.