‘The Solicitors Disciplinary Tribunal (SDT) has lifted practising restrictions on a finance director who was sanctioned less than three years ago, over the objections of the Solicitors Regulation Authority (SRA).’
Legal Futures, 11th November 2019
Source: www.legalfutures.co.uk
‘Phillip Patterson provides a summary of recent corporate insolvency cases covering:
– Fraudulent trading;
– Misfeasance, transactions defrauding creditors and the duties of directors; and
– The out of court appointment of administrators.’
Hardwicke Chambers, 9th October 2019
Source: hardwicke.co.uk
‘The head of a bogus solicitors’ firm has received a 10-year director’s disqualification for running the business with a total lack of integrity.’
Legal Futures, 24th October 2019
Source: www.legalfutures.co.uk
‘MPs are to hold an inquiry into the role of “corporate greed” in the collapse of Thomas Cook, focusing on directors’ stewardship of the company, how much they were paid and how its accounts were prepared and signed off by auditors.’
The Guardian, 26th September 2019
Source: www.theguardian.com
‘Directors’ duties and climate change: Keeping pace with environmental challenges.’
Supreme Court, 27th August 2019
Source: www.supremecourt.uk
‘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.’
4 New Square, 24th July 2019
Source: www.4newsquare.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.’
OUT-LAW.com, 24th July 2019
Source: www.pinsentmasons.com
‘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.’
Hardwicke Chambers, 27th June 2019
Source: hardwicke.co.uk
‘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.’
Legal Futures, 28th June 2019
Source: www.legalfutures.co.uk
‘A former financial adviser who conned his clients out of nearly £750,000 has been jailed for more than 10 years.’
BBC News, 5th June 2019
Source: www.bbc.co.uk
‘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.’
Daily Telegraph, 10th April 2019
Source: www.telegraph.co.uk
‘The UK registrar banned 87 companies for their risque names last year – but did any expletive-laden monikers make it through?’
The Guardian, 11th March 2019
Source: www.theguardian.com
‘The High Court recently had reason to consider liability where individuals, who owe fiduciary duties to a company, divert for themselves a business opportunity.’
Blackstone Chambers, 25th February 2019
Source: www.employeecompetition.com
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.
Doughty Street Chambers, 11th February 2019
Source: insights.doughtystreet.co.uk
‘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.’
The Guardian, 10th February 2019
Source: www.theguardian.com
‘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.’
BBC News, 5th February 2019
Source: www.bbc.co.uk
‘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.’
OUT-LAW.com, 20th December 2018
Source: www.out-law.com
‘Company directors in the UK can now be fined up to £500,000 if their businesses engage in unsolicited marketing activity.’
OUT-LAW.com, 17th December 2018
Source: www.out-law.com
‘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.’
Henderson Chambers, 6th December 2018
Source: www.hendersonchambers.co.uk
‘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.’
Legal Futures, 8th November 2018
Source: www.legalfutures.co.uk
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