‘Granting an option to purchase a shareholding to a party for a significant sum as relief for unfair prejudice was within the court’s discretion under the Companies Act 2006 s.996 despite valuation evidence showing the company was balance sheet insolvent.’
Tanfield Chambers, 14th July 2015
Source: www.tanfieldchambers.co.uk
‘In Philip Shirley v HMRC, [1] the First-tier Tribunal (Tax Chamber) (FTT) concluded that a provision in a statute rewritten as part of the Tax Law Rewrite Project should be literally interpreted as the wording in question was clear and unambiguous.’
RPC Tax Take, 11th December 2014
Source: www.rpc.co.uk
‘The Supreme Court is to consider the consequences of failing to comply with an unless order for a second time, it has emerged.’
Litigation Futures, 28th November 2014
Source: www.litigationfutures.com
‘This case is an interesting example of a claim for breach of confidence (both in contract and in equity) where, although liability was established, only nominal damages (£1) were awarded to the Claimant.’
RPC Privacy Law, 7th October 2014
Source: www.rpc.co.uk
Ageas (UK) Ltd v Kwik-Fit (GB) Ltd and another [2014] EWHC 2178 (QB); [2014] WLR (D) 407
‘It is was permissible to depart from the prima facie rule that damages following a breach of warranty in a share sale agreement were to be assessed at the date of breach and so to take into account events which had occurred after that date, where such departure was necessary to give effect to the overriding compensatory principle of assessment of damages.’
WLR Daily, 4th July 2014
Source: www.iclr.co.uk
‘Lexa Hilliard QC and Sarah Clarke discuss the potential ramifications of the first Court of Appeal decision in Burry & Knight Ltd V Martin John Murless Knight (2014) [2014] EWCA Civ 604 on new provisions in the Companies Act 2006 which limit access to the register of members.’
Full story (PDF)
11 Stone Buildings, July 2014
Source: www.11sb.com
‘New convictions in the UK’s biggest-ever boiler room scam bring the total convictions in this £70m fraud to nine.’
BBC News, 4th June 2014
Source: www.bbc.co.uk
In re Olympus UK Ltd and others; [2014] EWHC 1350 (Ch); [2014] WLR (D) 184
‘A proposed cross-border merger where the shareholders in the transferor company had agreed not to receive shares or other securities in the transferee would be compliant with and effective under the Companies (Cross-Border Mergers) Regulations 2007 (SI 2007/2974).’
WLR Daily, 1st May 2014
Source: www.iclr.co.uk
“Details of who really owns and controls UK companies will be made publicly accessible, the Prime Minister announced at the Open Government Partnership summit.”
BIS and Prime Minister’s Office, 31st October 2013
Source: www.gov.uk/government/organisations/department-for-business-innovation-skills
“The ‘reasonable cause to believe’ provision in section 793 of the Companies Act 2006 operated for the purposes of all its subsections, but operated only in relation to the addressee of a notice. Questions directed to a person who had or was believed to have an interest in the company’s shares about the interests of another person had to be questions about interests in the addressee’s shares, not other shares. It was permissible to ask and receive an answer to the direct question ‘Does [the third party] have an interest?’.”
WLR Daily, 30th August 2013
Source: www.iclr.co.uk
“Stephen Hockman QC has written a paper published by the Policy Network, entitled ‘Legislating for Responsible Capitalism: what it means in practice’.”
In the paper, he explores the legal amendments available to improve the monitoring, transparency and accountability of corporate practice.”
Full story (PDF)
Six Pump Court, 19th June 2013
Soruce: www.6pumpcourt.co.uk
Group Seven Ltd v Allied Investment Corpn Ltd and others [2013] EWHC 1509 (Ch); [2013] WLR (D) 224
“A company which had a sole director, who also owned all its shares, did not hold or control its assets in accordance with that sole director and shareholder’s ‘direct or indirect instructions’ within the meaning of paragraph 6 of the standard form freezing order in the Civil Procedure Rules.”
WLR Daily, 6th June 2013
Source: www.iclr.co.uk
“‘Employee shareholder’ proposals are set to become law after the House of Lords
accepted further concessions which will see individuals required to obtain
advice from a ‘relevant independent advisor’ before entering into a contract.”
OUT-LAW.com, 25th April 2013
Source: www.out-law.com
“Britain’s four biggest accountancy firms have been heavily criticised by the Competition Commission.”
BBC News, 22nd February 2013
Source: www.bbc.co.uk
“Relations between the UK and Saudi Arabia will suffer if what are said to be highly damaging allegations about business deals surface during a London trial, lawyers for two Saudi princes have warned the high court.”
The Guardian, 13th February 2013
Source: www.guardian.co.uk
“The holders of dematerialised shares in a public company were not entitled to the same protection under section 98 of the Companies Act 2006 as registered minority shareholders.”
WLR Daily, 23rd January 2013
Source: www.iclr.co.uk
“What changes can workers expect from their employers in the coming year? Employment law expert Edward Goodwyn of Pinsent Masons, the law firm behind Out-Law.com, looks ahead to some significant changes.”
OUT-LAW.com, 4th January 2013
Source: www.out-law.com
“In Imam-Sadeque –v- Bluebay Asset Management (Services) Ltd Popplewell J had to consider the scope of an employee’s duty of fidelity.”
Employment Law Blog, 13th December 2012
Source: www.employment11kbw.com
“Changes to the rules governing company acquisitions, introduced last year to protect shareholders in the event of a hostile takeover, have “operated satisfactorily” according to a report by the Takeover Panel.”
OUT-LAW.com, 28th November 2012
Source: www.out-law.com
© Inner Temple Library 2024