Firstly, thanks for the new look of the website. Great.
I realise that one can't take away someone's name or right to trade under their name.
('Name' here is understood as their natural name by birth/adoption/legal before establishing their business.
I doubt if the law would countenance a carpetbagger changing his name by deed poll to, say, Nash so he could sell his own brand of lemonade and gain from the long-established fame of existing firm, Nash's.)
But I see no sense in allowing freedom to all and sundry to copy a trade name like, say, Emerald Fashions where the latter is an established business: it can only cause stress, expense and loss of reputation for the established business and endanger the livelihood of its employees.
Yet that's where the Companies Act 2014 has left us.
Did anyone hear of consultation in regard to business name/company name rights PRIOR to the long awaited Companies Act being drafted ?
I realise that one can't take away someone's name or right to trade under their name.
('Name' here is understood as their natural name by birth/adoption/legal before establishing their business.
I doubt if the law would countenance a carpetbagger changing his name by deed poll to, say, Nash so he could sell his own brand of lemonade and gain from the long-established fame of existing firm, Nash's.)
But I see no sense in allowing freedom to all and sundry to copy a trade name like, say, Emerald Fashions where the latter is an established business: it can only cause stress, expense and loss of reputation for the established business and endanger the livelihood of its employees.
Yet that's where the Companies Act 2014 has left us.
Did anyone hear of consultation in regard to business name/company name rights PRIOR to the long awaited Companies Act being drafted ?