The government further strengthens its commitment to industrial and provident societies
The UK government maintains its drive to promote industrial and provident societies (IPSs) and staff mutuals with the publication of a recent consultation on IPS reforms.
IPSs were introduced as a legal form by the Industrial and Provident Societies Act 1965. This created two types of co-operatively owned societies: co-operative societies (businesses owned and run by and for their own members) and community benefit societies (businesses operating for the benefit of their community, e.g. housing associations).
The IPS structure, currently regulated by the Financial Conduct Authority, remains popular in the UK, with more than 7,600 IPSs currently active and a membership of more than 15 million. They cover a wide range of businesses and industries, from public service mutuals to wind farms and from football clubs to credit unions. The government wants to keep the unique features of the traditional IPS form so that the sector stays focused on serving its members and can contribute further to the success of the UK economy…
If you are registered and logged in to the site, click on the link below to read the rest of the Walker Morris briefing. If not, please register or sign in with your details below.
News from Walker Morris
News from The Lawyer
Briefings from Walker Morris
The courts have decided a number of high-profile cases this summer in which retailers have been involved in intellectual property disputes.
Southend-On-Sea Borough Council v Armour is a tenancy repossession case in which the tenant invoked a successful article 8 defence.
Analysis from The Lawyer
The law school war shows no signs of ending. But we have, perhaps, reached the end of the beginning.
New EU rules and lawyers’ increased comfort with digital formats are sparking a sea-change in the way law firms manage their documents