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Overriding interests are protected interests that do not have to be disclosed on the Land Register in order to be enforceable. Section 117(2) of the Land Registration Act 2002 provides...
Due to a number of recent developments, now is a good time to review the terms and conditions used in the course of your business. Set out below are details...
The Community Infrastructure Levy (“CIL”) was brought in by the Planning Act 2008 and implemented to take effect from 6 April 2010 through the Community Infrastructure Levy Regulations 2010. What...
Catherine Connolley, partner and head of the Professional Negligence Unit within Glovers Litigation and Dispute Resolution Department, successfully completed the 2012 London Marathon on 22 April 2012.  Catherine completed the...
The use of cookies by websites has been a contentious issue since the beginning of the internet age.  A cookie is a small file which is transmitted to and stored...
On 6 April 2012, the new legislation to incentivise investment in early stage companies announced in the Autumn budget will come into effect. Family, friends or business angels will benefit...
The second edition of the Royal Institution of Chartered Surveyors (RICS) Service Charge Code for Commercial Property (“the 2011 Code”) became effective from 1st October 2011. The 2011 Code updates...
Following the credit crunch, venture capital activity has held up relatively well.  This is not, perhaps, surprising since venture capital investment does not generally depend upon bank finance.  There has...
We are pleased to announce the launch of our new construction adjudication website, providing specialist information and resources for this popular method of dispute resolution in the construction sector. Glovers...
The Members of Glovers Solicitors LLP are very pleased to announce that Liza Lam-Kee and Kenny Friday will become partners of the firm on 1 June 2011. Both Liza and...

What is a VIMBO?

A Vendor Induced Management Buy Out (“VIMBO”) is a means of transferring ownership of a business to the continuing management.  It involves selling a controlling interest in the business to...
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