“Britain’s biggest investors have written to the Government to demand changes to the new Companies Act, which they say prevents them from taking action over unsatisfactory behaviour by businesses.”
The Times, 6th November 2007
Source: www.timesonline.co.uk
“The Government’s aim is to simplify company law and make it easier to understand, especially for small businesses – yet it is the longest piece of legislation passed by Parliament since it was established by Oliver Cromwell in the 17th century. Eight years in the making, the Act runs to 1,300 sections and 701 pages.”
The Times, 25th September 2007
Source: www.timesonline.co.uk
“A number of parts of the Act are already in force. Put on the statute book on November 8, 2006, it is being introduced in stages over two years. The Government intends that it will be fully in force by October 2008.”
The Times, 25th September 2007
Source: www.timesonline.co.uk
“The European Commission has proposed simplifying the law governing businesses in Europe just months after large parts of the UK’s new Companies Act came into force.”
OUT-LAW.com, 12th July 2007
Source: www.out-law.com
“The Companies Act 2006 (“the Act”), which received Royal Assent on 8 November 2006, has, amongst other things, made changes to the substantive law on derivative claims. In order to support the changes it has been necessary to amend the rules of court.”
Companes Act 2006 – derivative claims
Source: www.justice.gov.uk
“The Government has sounded a last-minute rallying call to lawyers in the UK in the bid to encourage the legal profession to engage with its consultation on the Companies Act.”
Legal Week, 17th May 2007
Source: www.legalweek.com
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