How to save money by switching to Ethical Banking

What are ethical banks? An ethical bank, also known as a social, alternative, civic, or sustainable bank, is a bank concerned with the social and environmental impacts of its investments and loans. The term is a fairly broad one, which means it covers a wide range of ideas and concepts under its umbrella.

A wide scope of things is included, ranging from banks offering loans and financial assistance to start-ups that are environmentally friendly to those that serve struggling communities or help individuals looking for affordable housing.

The root of ethical banking is a core set of principles and beliefs. Ethical banks remain true to their core model of conduct.

In this video of The GSC Academy Associate Solicitor Leila Mustafa talks about the definition of Ethical Banking, how it can save you money and make you feel good about the impact of your personal finance.

If you need assistance with either switching to Ethical Banking or with any ethical finance products, please do not hesitate to contact Leila Mustafa directly on [email protected] or 0207 822 2222.

© 2021 GSC Solicitors LLP. All rights reserved. GSC grants permission for the browsing of this material and for the printing of one copy per person for personal reference. GSC’s written permission must be obtained for any other use of this material. This publication has been prepared only as a guide to provide readers with general information on recent legal developments. It is not formal legal advice and should not be relied on for any purpose. You should not act or refrain from acting based on the information contained in this document without obtaining specific formal advice from suitably qualified advisors.

 

Abbey Road Institute’s Revival of Angel Recording Studios

We are absolutely delighted to have concluded the acquisition of Abbey Road Institute’s new home at Angel Recording Studios in Islington!  Harvey Posener and Amee Popat in our Real Estate team did the legal work for the lease of the premises and are delighted to have been involved in this exciting new chapter for the Abbey Road Institute, Abbey Road Studios’ education division, which is part of the Universal Music Group.

Angel Recording Studios is an iconic studio which has hosted names such as Adele, Sam Smith and Florence and the Machine, and recordings of film scores such as GoldenEye and Downton Abbey.

It sadly closed in 2019 but will be restored by ARI over the coming months to house cutting edge music and audio production and training facilities for its students as well as a commercial recording studio.

https://abbeyroadinstitute.co.uk/blog/abbey-road-institute-to-move-into-angel-recording-studios/ 

For further questions or for help with your property-related issues, please do not hesitate to contact Harvey Posener directly on [email protected]   or Amee Popat on [email protected] or 0207 822 2222.

© 2021 GSC Solicitors LLP. All rights reserved.  GSC grants permission for the browsing of this material and for the printing of one copy per person for personal reference. GSC’s written permission must be obtained for any other use of this material. This publication has been prepared only as a guide to provide readers with general information on recent legal developments. It is not formal legal advice and should not be relied on for any purpose. You should not act or refrain from acting based on the information contained in this document without obtaining specific formal advice from suitably qualified advisors.

 

Sana Sheikh featured in UKPBC’s Business Times magazine

GSC’s Senior Associate Solicitor Sana Sheikh, who advises on matters under Commercial Litigation & Dispute Resolution, has recently been interviewed by The Business Times magazine, the official publication by the UK Pakistan Business Council (UKPBC).

Sana spoke about The GSC’s Next Gen programme, an initiative run by GSC Solicitors LLP and aimed at providing guidance and support to tomorrow’s business leaders.

Describing the initiative, Sana explained who it is purposed for, what the main objectives are and how it can help the next generation of entrepreneurs, professionals and business owners.

The Business Times features most prominent people, such as Imran Khan, Boris Johnson, Imran Ismail, Sahibzada Jahangir and many more.

The publication is aimed at creating a vast international business network though which businesses can share knowledge and forge trading relationships.

If you would like further explanation or become a member of The GSC’s Next Gen, please do not hesitate to contact Sana Sheikh on [email protected] or 0207 822 2214.

© 2021 GSC Solicitors LLP. All rights reserved.  GSC grants permission for the browsing of this material and for the printing of one copy per person for personal reference. GSC’s written permission must be obtained for any other use of this material. This publication has been prepared only as a guide to provide readers with general information on recent legal developments. It is not formal legal advice and should not be relied on for any purpose. You should not act or refrain from acting based on the information contained in this document without obtaining specific formal advice from suitably qualified advisors.

 

 

 

Copy Caterpillar – The M&S and Aldi cake wars

It is a case that is currently making headlines in the UK and dominating discussion over a cup of tea and slice of caterpillar cake.

M&S have brought a legal case against Aldi in respect of their sale of a Cuthbert the Caterpillar cake. That cake is noticeably similar to the well known and popular Colin the Caterpillar cake which has been so successful for M&S since it was first launched many years ago.  While other retailers have marketed similar cakes, such as Waitrose’s Cecil the Caterpillar, it appears that it is the low price of Aldi’s cake that has prompted the legal action by M&S.

The case brought by M&S is likely to have two separate lines of attack.

Trade Mark Infringement

Firstly, M&S are likely to allege that the Cuthbert the Caterpillar cake infringes their trade marks of the names ‘Colin the Caterpillar’ and ‘Connie the Caterpillar’ and the packaging of the Colin the Caterpillar cake.

M&S will argue that in each case the similarities in the packaging or the name are likely to lead to confusion in the market place and cause consumers to believe that the Aldi cake is associated or connected with or from the same supplier as the M&S versions.

M&S will also argue that as a result of the public awareness of the Colin the Caterpillar product, Aldi’s use of similar names and packaging take unfair advantage of the enhanced reputation which those marks may have acquired.

Passing off

M&S case also may argue that Aldi are passing off their Cuthbert cake as a Colin cake (or coming from the same source). Similar to the trade mark arguments on unfair advantage, M&S will rely on the significant reputation and consumer awareness of the Colin cake to allege that Aldi have misrepresented that their Cuthbert cake is associated with or connected to the Colin version.

M&S’s case on passing off may be stronger, as it will not be limited to the elements covered by the separate trade marks, but could include any and all similarity including the overall shape and decoration of the cake. However, they will face the task and cost of providing evidence of the reputation in those elements alone as opposed to the name and other packaging.

Aldi is well known for sailing close to the wind with its packaging, with recent spats with Brewdog and others making the news. They may seek to argue that their customers are aware of this practice and won’t be confused as to the origin of the Cuthbert cake.

It will be interesting to see how the case develops. It has already garnered a lot of media attention (which is unlikely to disadvantage either party) but any finding of infringement against Aldi could lead to an increase in challenges and cases being brought against Aldi by other food manufacturers.

For further questions please do not hesitate to contact Ross Waldram directly on [email protected] or 0207 822 2236.

© 2021 GSC Solicitors LLP. All rights reserved. GSC grants permission for the browsing of this material and for the printing of one copy per person for personal reference. GSC’s written permission must be obtained for any other use of this material. This publication has been prepared only as a guide to provide readers with general information on recent legal developments. It is not formal legal advice and should not be relied on for any purpose. You should not act or refrain from acting based on the information contained in this document without obtaining specific formal advice from suitably qualified advisors.

 

Government proposal for rolling in-year self-employed tax system

The Association of Independent Professionals and the Self-Employed (IPSE), has responded to the government’s call for evidence on a new tax system for the self-employed. This system would replace annual self-assessment tax returns with a rolling in-year system. IPSE has said that although it welcomes the government’s concern with the tax experience of freelancers, there are still “unanswered questions” about the proposal that must be explored.

“First, many self-employed people’s incomes fluctuate substantially throughout the year – and while the current annual system accounts for these and ensures self-employed people pay the right rate, it is not clear how this would work with rolling in-year taxes. It is also not yet clear how this would work with late payments – which are a substantial problem for the self-employed.

Over the last decade there has been a rapid increase in the UK’s workforce working through their own businesses and becoming self-employed for many different reasons.

However, there are reports that the Treasury lose out on a significant amount of tax when you compare an employee doing the same work as a self-employed person, working on their own or through their own limited company.

What is the argument? The Treasury are losing out on tax as the self-employed are not subject to employer’s National insurance Contributions (NIC’s) as an employee’s income would.

The Chancellor is now trying to rebalance the loss of tax due to the continued increase of UK workforce working as self-employed.

Rolling out this new tax system is the best strategy to do this, as it seems. Whether this will work or not, only time will tell. No doubt that such an overhaul of the system will be extremely costly in itself.

If you have any questions, please do not hesitate to contact James Cohen directly on [email protected] or 0207 822 2257.

© 2021 GSC Solicitors LLP. All rights reserved.  GSC grants permission for the browsing of this material and for the printing of one copy per person for personal reference. GSC’s written permission must be obtained for any other use of this material. This publication has been prepared only as a guide to provide readers with general information on recent legal developments. It is not formal legal advice and should not be relied on for any purpose. You should not act or refrain from acting based on the information contained in this document without obtaining specific formal advice from suitably qualified advisors.

https://bit.ly/3d6ZiN7

專業法律團隊 – 為您籌劃移居英國、投資每一步

香港 BN(O) 簽證政策

英國內政部大臣宣佈英國將為來自香港的英國國民(海外)建立一條自訂移民路線。這項新的香港 BN(O) 簽證政策非常慷慨,沒有施加技能測試或最低收入要求、經濟需求測試或人數上限,並且將允許 BN(O) 簽證持有人在英國居住、工作或學習,提供了一條定居而後獲得公民身份的途徑。

該簽證的有效期最長為 5 年,簽證持有人在英國居住5 年後,只要沒有犯罪行為,在經濟上自給自足,並且遵守簽證條款,便可以申請定居身份;並可以在繼續逗留一年後申請英國國籍。

私人客戶 移民前規劃

如果您正考慮持新的香港 BN(O) 簽證來英國,您務必要瞭解在抵達英國之前、之時和之後適用的個人稅項和法律含義。

我們的私人客戶團隊擅長提供全套私人客戶服務(包括稅收籌劃),當結合我們公司完善的公司和財產部門時,我們能夠為您提供全面的、度身訂造的建議,以確保您有最佳的策略來遷居英國。我們的建議可涵蓋以下範疇:

  • 如何最合理地在英國置業
  • 建立境內和境外信託以保全財富
  • 繼任計劃,以協助確保以最有效的方式處理各個轄區的資產
  • 針對所得稅和資本利得稅的居留和匯款計劃
  • 如何安排在英國的投資
  • 多司法管轄區遺囑和授權書
在英國的房地產投資 商業或住宅

對於世界各地的房地產投資者而言,英國一直以來都是最理想的目的地。無論您是想購買英國房地產自用還是投資,我們的房地產律師都能為您提供幫助。我們是一家採用現代和商業方法來遵守財產法但保留傳統價值的公司。我們確保收費人始終在最適當的層面,以最經濟高效率的方式處理您的事務,並具備適當的資歷來確保您獲得應得的服務。

  • 商業地產

我們的客戶包括領先的房地產所有者、機構和私人投資者、開發商和建築商、銀行和其他金融機構、酒店經營者、私人業主、企業家、加盟商、具有綜合體職業租約的藍籌租戶、休閒和醫療保健物業所有者、初創企業、在英國或海外的老牌企業租戶和高淨值人士。

            他們每個人都重視我們在各種房地產交易領域的卓著市場聲譽和經驗。

我們為所有層面的財產事務提供建議,並在過去十年中為一些最引人注目的、最前沿的房東和租戶案件提供法律服務,服務案例包括具有開創性的 Daejan Investments Limited Benson 及其他人員的案件裁決,這可能是近年來法院審理的最重要房東和租戶案件,EMI Group Ltd O & H Q1 Ltd

和 GSC 的房地產團隊討論:

住宅物業

GSC 的住宅物業律師處理整個英格蘭和威爾斯的價值物業轉讓,包括皇室物業和其他歷史遺產。我們瞭解處理此類財產時可能會遇到的複雜問題,並且我們知道,只有以與您的稅務、家庭和私人財富管理無縫配合的方式來管理產權轉讓,才能最好地滿足您的最大利益。

這就是從未單獨與 GSC 進行住宅轉售的原因。與我們聯絡,您會發現您的財產律師與我們的私人客戶團隊合作,能夠確保您的所有利益都得到認真考慮和保護。

我們的財產律師可以在住宅物業法的所有方面提供協助,包括處置或獲得永久業權和租賃權、延期租賃、權利取得和優先購買權。

Ms Carey Xu

Carey Xu,律師

GSC Solicitors LLP

電話:+44(020) 7822 2231

電子郵件:[email protected]

網址:www.gscsolicitors.com

Carey 是私人財富團隊的律師。

她在和高淨值人士打交道方面有著豐富的經驗,涉及複雜的移民和財富規劃事務。她還為初創企業和公司業務提供法律服務,處理商業移民和聘僱問題。Carey 在迄今為止的所有移民申請中的成功率為100%。

她還是GSC大中華地區負責人,負責接待講中文的客戶,工作涉及移民、私人客戶、公司商業、財產和知識財產權等方面。她能操流利中文和英語。

如果您和/或您的企業打算遷入英國,請確保第一個聯絡 Carey。Carey期待盡心為您一一籌劃安排。

 

Budget 2021: Highlights

On 3 March 2021 Rishi Sunak, Chancellor of the Exchequer, delivered the Spring Budget setting out his plans as the United Kingdom starts to ease the lockdown and revealing the goals that he is looking to achieve after the pandemic.

Presenting the government’s spending plans for the year ahead, the Chancellor announced the new measures with the intention of helping businesses and jobs through these difficult times.

The measures are aimed at supporting the country’s long-term economic recovery as well as rebalancing the public finances with the help of tax rising.

Below is a summary of the key announcements for the private client world.

Property
  • The stamp duty holiday has been extended and will now end on 30 June instead of 31 March.
  • The nil rate band will be £250,000 until the end of September. The government will return to the usual level of £125,000 from 1 October.
Tax
  •  The income personal allowance will increase to £12,570 from £12,500 for the 2021/22 tax year. The basic rate threshold will increase to £37,700 from £37,500.
  • The income tax personal allowance and higher rate threshold are then to be frozen until April 2026.
  • The starting rate limit for savings will remain at £5,000 for the 2021/22 tax year. This band of savings income is subject to the 0% starting rate.
  • The Capital Gains Tax (CGT) annual exemption will remain at £12,300 for individuals and personal representatives until April 2026.
  • The lifetime allowance on pension contributions has been frozen at its current 2020/21 level of £1,073,100.
  • The annual ISA adult subscription limit will remain at £20,000, and the annual subscription limit for Junior ISAs will remain at £9,000.
 Charities
  •  The government will continue supporting the country’s social enterprises that are looking for growth investment by extending the SITR scheme to 6 April 2023.
  •  The government will provide armed forces charities with up to £475,000 in the 2021/22 tax year to support the development of a digital and data strategy.
  • The Armed Forces Covenant Fund Trust will receive additional £10 million in 2021/22 tax year for charitable projects and initiatives that support veterans with mental health needs across the country.

If you have any questions, please do not hesitate to contact James Cohen directly on [email protected] or 0207 822 2257.

© 2021 GSC Solicitors LLP. All rights reserved.  GSC grants permission for the browsing of this material and for the printing of one copy per person for personal reference. GSC’s written permission must be obtained for any other use of this material. This publication has been prepared only as a guide to provide readers with general information on recent legal developments. It is not formal legal advice and should not be relied on for any purpose. You should not act or refrain from acting based on the information contained in this document without obtaining specific formal advice from suitably qualified advisors.

Budget 2021: Stamp duty holiday extended until 30 June

Delivering his Budget statement, Chancellor Rishi Sunak has announced today that the stamp duty land tax holiday will be extended.

Sunak has confirmed that the current stamp duty holiday (nil rate band of £500,000) has been extended and will now end on 30 June instead of 31 March.

The stamp duty holiday was initially introduced to boost the property market hit by the lockdowns due to Covid-19 and help buyers who might have suffered financially from Covid-19 and its consequences.

According to Sunak, the policy is to assist people to buy their own homes: ‘As the prime minister has said, we want to turn generation rent into generation buy.’

In order to ‘smooth the transition back to normal’, the nil rate band will be £250,000 – ‘double its standard level’ – until the end of September. The government will return to the usual level of £125,000 from 1 October.

If you have any questions, please do not hesitate to contact James Cohen directly on [email protected] or 0207 822 2257.

© 2021 GSC Solicitors LLP. All rights reserved.  GSC grants permission for the browsing of this material and for the printing of one copy per person for personal reference. GSC’s written permission must be obtained for any other use of this material. This publication has been prepared only as a guide to provide readers with general information on recent legal developments. It is not formal legal advice and should not be relied on for any purpose. You should not act or refrain from acting based on the information contained in this document without obtaining specific formal advice from suitably qualified advisors.

 

Furlough extended until September

It was announced by the Chancellor, Rishi Sunak, on 3 March, that the Coronavirus Job Retention Scheme (commonly known as furlough) is to be extended once again. This time it is to be extended from 30 April 2021 to 30 September 2021.

An employee on furlough will still receive 80% of their wages (up to a maximum of £2,500 per month) for hours not worked.

However, from 1 July 2021, the government will only contribute 70% of the employee’s wages for hours not worked (the other 10% to be made up by the employer) and from 1 August 2021 the government will only contribute 60% of the employee’s wages for hours not worked (the other 20% to be made up by the employer).

Although nothing is certain, with the positive effects of lockdown and the vaccination programme in dealing with Coronavirus, the government probably see this as the last time they will need to extend furlough.

The law in this article is current as of 4 March 2021.

If you have any employment law queries, please do not hesitate to contact David Nathan at [email protected] or on 020 7822 2247.

© 2021 GSC Solicitors LLP. All rights reserved. GSC grants permission for the browsing of this material and for the printing of one copy per person for personal reference. GSC’s written permission must be obtained for any other use of this material. This publication has been prepared only as a guide to provide readers with general information on recent legal developments. It is not formal legal advice and should not be relied on for any purpose. You should not act or refrain from acting based on the information contained in this document without obtaining specific formal advice from suitably qualified advisors.

 

Clive Halperin discussing the data protection & security post Brexit on the American Bar Association Podcast

Under the series of The New Frontier Podcast, The American Bar Association interviewed GSC’s Head of Corporate Commercial Clive Halperin, on the impact of BREXIT on data protection, technology, and cross-border data flows.

A very interesting podcast interview where Clive provides insight into the economic, political, and cultural influences that will dictate the future of data privacy within the UK, and its relations with the EU and GDPR.

The podcast can be found here: bit.ly/2ZNBHLd

© 2021 GSC Solicitors LLP. All rights reserved. GSC grants permission for the browsing of this material and for the printing of one copy per person for personal reference. GSC’s written permission must be obtained for any other use of this material. This publication has been prepared only as a guide to provide readers with general information on recent legal developments. It is not formal legal advice and should not be relied on for any purpose. You should not act or refrain from acting based on the information contained in this document without obtaining specific formal advice from suitably qualified advisors.