Majority Rule

Toby McMurray

I’m a minority shareholder in a private limited company and am being left in the dark when it comes to pretty fundamental decisions. What should I do? Most Northern Irish companies only have a small number of shareholders, usually 2 or 3. It’s often the case that these shareholders are also the people who manage ...

Invoice Financing Versus Bank Loans

Fearghal O’Loan

Both bank loans and invoice financing are favourable sources of finance for businesses but what is invoice financing and how does it differ from a bank loan? Bank loans are credit facilities offered by banks, with a fixed amount, usually a fixed term and repayments required on a regular basis. Factoring and invoice discounting have ...

Holiday Pay – How Much Does It Cost?

Patricia Rooney

In this article, Patricia Rooney, Director in Tughans’ Employment Department considers the implication of recent cases about holiday pay. There has been much case law about payments to employees whilst on holiday. The decision of the Court of Justice of the European Union in Williams v British Airways held that airline pilots were entitled to ...

Investment, right for you?

Ciara Lagan

There are currently very different perspectives of the economic forecast for Northern Ireland. According to recent press, there is a high level of investment in local businesses but beware the spectre of public sector austerity and the restraining pressures of the Eurozone. Tughans work with both local businesses seeking investment and funders looking to invest ...

Online Trading – What’s New?

Adrian O’Connell

Selling online is hardly a new phenomenon. What has taken a number of businesses by surprise however is the sharp level of its growth in recent years. Ofcom has recently stated that UK adults now spend more time using technology devices than they do sleeping. In 2008, 53% of adults bought online, today some 74%. ...

Need to Capitalise on Increased Interest from US Investors

James Donnelly

Business headlines over the past 9-12 months have heralded an “invasion” of US investors into Northern Ireland. At Tughans, in the first quarter of 2014/2015 we have acted on two major corporate transactions involving US takeovers of Northern Irish companies (one being the acquisition of Whale Pumps in Bangor by Brunswick Corporation and the other ...

Protecting Your Brand

Adrian O’Connell

We are concerned that a competitor is copying our brand in order to gain our custom. We do not have any registered trademarks. What can we do? Of course registering marks, to include names and logos, puts a party in the strongest possible position to deal with any copycatting. However, even in the absence of ...

Brexit Update – English challenge succeeds

Patrick Brown

Less than a week after the High Court in Belfast dismissed a legal challenge to the Prime Minister’s ability to trigger Article 50 using prerogative powers, the High Court in London has reached the opposite conclusion.  The English High Court has supported the challenge led by Gina Miller, a London-based investment manager, and has ruled ...

Changes to Employment Law

Anna Beggan

Other than essential changes to bring us in line with EU requirements, Northern Ireland’s employment laws have barely changed in the last two years. Changes to employment laws in GB, however, have resulted in a period of uncertainty for Northern Irish employers. As we await the outcome of various consultations undertaken in 2013, I have ...