Lord Sales at the Anglo-Australasian Law Society, Sydney – Supreme Court

Posted September 6th, 2019 in climate change, company directors, environmental protection, speeches by tracey

‘Directors’ duties and climate change: Keeping pace with environmental challenges.’

Full speech

Supreme Court, 27th August 2019

Source: www.supremecourt.uk

Shareholder Disputes in Sport – 4 New Square

‘As the law of unfair prejudice in the conduct of companies’ affairs has developed, sports clubs (particularly football and rugby clubs) have proved to be fertile sources of disputes between shareholders. In this article, we examine unfair prejudice petitions which have concerned the sports sector to look at the effects of those decisions and at what we can learn not just about the sorts of shareholder disputes which arise in sports clubs but also what we can learn from those decisions and apply to shareholder disputes in other contexts.’

Full Story

4 New Square, 24th July 2019

Source: www.4newsquare.com

Divorcee granted injunction against ex-husband’s holding company – OUT-LAW.com

‘he High Court in England has granted an injunction against the holding company to which a wealthy Russian businessman transferred ownership of a luxury yacht in order to avoid enforcement of a £500 million divorce settlement, preventing the company from moving the yacht from where it is docked in Dubai.’

Full Story

OUT-LAW.com, 24th July 2019

Source: www.pinsentmasons.com

Koza Ltd & Anor v Akcil & Ors [2019] EWCA Civ 891 – Hardwicke Chambers

Posted July 3rd, 2019 in company directors, expenses, freezing injunctions, news, undertakings by sally

‘The first Appellant/Claimant (‘Koza Ltd’) was a company incorporated in England and Wales, of which the Second Appellant/Claimant, ‘Mr Ipek’ was sole director. Koza Ltd was incorporated in March 2014 and capitalised with £60 million provided by the Respondent/Defendant (“Koza Altin”), its parent and 100% owner, to undertake mining operations outside Turkey.’

Full Story

Hardwicke Chambers, 27th June 2019

Source: hardwicke.co.uk

Guidelines “preserve GCs’ independence amidst corporate tension” – Legal Futures

‘Comprehensive guidelines to boost the roles of, and relationships between, in-house lawyers (IHLs) and non-executive directors (NEDs), have been drawn up in the hope of minimising the chances of an ethical lapse damaging both the companies they serve and the public interest.’

Full Story

Legal Futures, 28th June 2019

Source: www.legalfutures.co.uk

Ex-financial adviser jailed for £740k fraud – BBC News

‘A former financial adviser who conned his clients out of nearly £750,000 has been jailed for more than 10 years.’

Full Story

BBC News, 5th June 2019

Source: www.bbc.co.uk

Airport parking boss jailed for dumping cars in muddy fields – Daily Telegraph

Posted April 12th, 2019 in airports, company directors, consumer protection, fraud, news, parking by sally

‘In airport parking scammer has been sent to prison in one of the first cases of its kind after he made £1.4million leaving holidaymakers’ cars in muddy fields with keys in the window.’

Full Story

Daily Telegraph, 10th April 2019

Source: www.telegraph.co.uk

Slag Ltd – the businesses that are too rude for Companies House – The Guardian

Posted March 13th, 2019 in company directors, freedom of expression, names, news by sally

‘The UK registrar banned 87 companies for their risque names last year – but did any expletive-laden monikers make it through?’

Full Story

The Guardian, 11th March 2019

Source: www.theguardian.com

Diversion of a Business Opportunity: Recovery Partners & anor v Mr Rukhadze & ors [2018] EWHC 2918 (Comm) – Blackstone Chambers

‘The High Court recently had reason to consider liability where individuals, who owe fiduciary duties to a company, divert for themselves a business opportunity.’

Full Story

Blackstone Chambers, 25th February 2019

Source: www.employeecompetition.com

Defined penalties gives Pensions Regulator powers to protect defined benefit schemes – Doughty Street Chambers

Work and Pensions Secretary Amber Rudd MP has announced that the government will introduce two new criminal offences to penalise the mismanagement of pension schemes.

Full Story

Doughty Street Chambers, 11th February 2019

Source: insights.doughtystreet.co.uk

Seven-year jail terms unveiled for pension fund mismanagement – The Guardian

Posted February 11th, 2019 in company directors, news, pensions, professional conduct, sentencing by tracey

‘MPs and pension experts have welcomed government plans to introduce lengthy jail sentences for executives who recklessly mismanage pension funds, in an effort to avoid a repeat of recent scandals like BHS or Carillion.’

Full Story

The Guardian, 10th February 2019

Source: www.theguardian.com

Howard Grossman: Northampton Town ‘missing millions’ developer banned – BBC News

Posted February 5th, 2019 in accounts, company directors, fiduciary duty, insolvency, loans, news, sport by tracey

‘A property developer has been banned from running companies for 10 years after failing to provide accounting records to explain more than £5m missing from a football club loan.’

Full Story

BBC News, 5th February 2019

Source: www.bbc.co.uk

Review calls for new powers for corporate governance regulator – OUT-LAW.com

Posted December 20th, 2018 in company directors, financial regulation, news, ombudsmen by tracey

‘The UK needs a new corporate governance regulator, with a new mandate and enhanced powers to hold company directors to account, an independent review has concluded.’

Full Story

OUT-LAW.com, 20th December 2018

Source: www.out-law.com

Director liability for nuisance calls introduced – OUT-LAW.com

Posted December 18th, 2018 in company directors, news, nuisance, telecommunications by sally

‘Company directors in the UK can now be fined up to £500,000 if their businesses engage in unsolicited marketing activity.’

Full Story

OUT-LAW.com, 17th December 2018

Source: www.out-law.com

The rule against reflective loss – Henderson Chambers

Posted December 12th, 2018 in company directors, news, shareholders, winding up by sally

‘Imagine a company has been dishonestly asset-stripped by one of its directors. The assets have gone into his own pocket. The company is wound up. The shareholders and creditors have little hope of recovering much from it. The obvious next step is to pursue the director. But the shareholders cannot recover the loss in value of their shareholding against him; that claim is barred by the rule against reflective loss. Is a claim by an unsecured creditor who is not a shareholder similarly barred? In Garcia v Marex Financial Limited [2018] EWCA Civ 1468, the Court of Appeal held that it was.’

Full Story

Henderson Chambers, 6th December 2018

Source: www.hendersonchambers.co.uk

High Court orders partner to sell his share of law firm – Legal Futures

Posted November 8th, 2018 in company directors, law firms, news, shareholders, unfairly prejudicial conduct by tracey

‘The High Court has ruled that a partner in a law firm who paid himself £16,500 after he had left the firm and was “effectively competing with it” breached his director’s duties.’

Full Story

Legal Futures, 8th November 2018

Source: www.legalfutures.co.uk

Money can’t buy me love: Court of Appeal overturns non-party costs order – Litigation Futures

Posted September 10th, 2018 in company directors, copyright, costs, insolvency, news by tracey

‘A High Court judge was wrong to order a non-party costs order (NPCO) where the respondent had not been warned that the applicant was going to seek one, the Court of Appeal has ruled.’

Full Story

Litigation Futures, 10th September 2018

Source: www.litigationfutures.com

UK unveils raft of new measures to help distressed companies – OUT-LAW.com

Posted August 29th, 2018 in company directors, company law, insolvency, news by sally

‘The UK government has published new tools designed to improve rescue opportunities for companies in financial distress and put more emphasis on directors’ duties.’

Full Story

OUT-LAW.com, 28th August 2018

Source: www.out-law.com

Company collapses lead to insolvency law clampdown – BBC News

Posted August 28th, 2018 in company directors, company law, dividends, insolvency, news, pensions by sally

‘Company bosses who dissolve their firms to avoid paying off staff or meeting pension commitments will risk being hit with fines, under new government plans.’

Full Story

BBC News, 26th August 2018

Source: www.bbc.co.uk

Fireworks boss jailed over explosion deaths – Crown Prosecution Service

Posted June 14th, 2018 in company directors, explosives, health & safety, press releases, sentencing by tracey

‘A company boss has been jailed for 10 years today (13 June) after two people died in a series of explosions and a fire at his fireworks shop.’

Press release

Crown Prosecution Service, 13th June 2018

Source: www.cps.gov.uk