Here we are at the very end of February (on what would actually be the 1st March in most years) and this is my first 2016 blog, so I’m really squeaking in at the last minute. Of course, the beauty of a resolution involving averages is that if I fall behind, I could aim to have a ‘multi-blog month’ at some point, to get back on track (but I really don’t want to end up having to have a twelve-blog-December).
My excuse for the lack of a January blog was simply being busy; that busy-ness has continued in to February, and March is also looking reasonably well spoken for, although the early long Easter weekend and school holidays will no doubt put a slight brake on things.
In the first week of January my team completed the sale of Optocap Holdings Limited to Alter Technology TÜV Nord and since then we’ve completed a couple of number of private equity investments (Apollo Informal Investments’ investment into Findr Limited, making Apollo’s fourth investment to date, and Mercia Fund’s investment into Particle Analytics Limited, the Fund’s first investment in Scotland). That’s in addition to a number of start-ups, joint ventures and general commercial contractual advice, as well as two company sales that are well advanced and will both be finished within the next six weeks, and another follow-on round of investment for a new-media client which will be tied up in early March. We’re also dealing with the implementation of the new transparency requirements for UK companies which oblige all companies to maintain a public register of persons of significant control (PSC) in order to avoid companies masking their true ownership by the use of nominee shareholders. A few weekends ago we did a ‘stock-take’ of all of the statutory books in the office and found that we have 462 sets. It means there’s certainly plenty to be getting on with and if you’d like a word about what the new PSC requirements mean for your company, or to discuss how we can deal with your company secretarial requirements generally, please contact my colleague, Isla MacLennan.
Apart from the fact that the leap year has given me an extra day to get my February blog finished, it also gives those of us in the legal profession the chance to have ‘fascinating’ debates such as ‘if I was to complete a company sale on 29 February 2016 and there was a clause that said a warranty claim could be made on or before the second anniversary of completion, would the claims cut-off be 28 February 2018 or 1 March 2018?’ That particular debate was thankfully brought to a merciful end when completion of the deal in question was put back to a date in early March. However, if anyone has any thoughts on the point, please let me know (if you really must).
In case you’re wondering, according to my iPhone the average number of daily steps that I’ve taken this year to date is just short of 9,500. It means that I need to have a few 10,000-plus-days to get back on track by taking the long route home. I think that’s possible; in fact if I could work out how to use the digital dictation facility on my iPhone I could even dictate my blog whilst walking to and from work, thereby killing two birds (or resolutions) with one phone.