Employee shareholders approved after House of Lords accepts final concessions – OUT-LAW.com

Posted April 26th, 2013 in bills, contract of employment, employment, news, shareholders by tracey

“‘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.”

Full story

OUT-LAW.com, 25th April 2013

Source: www.out-law.com

Competition Commission raps Big Four accountants – BBC News

Posted February 22nd, 2013 in auditors, banking, competition, inquiries, news, reports, shareholders by sally

“Britain’s four biggest accountancy firms have been heavily criticised by the Competition Commission.”

Full story

BBC News, 22nd February 2013

Source: www.bbc.co.uk

Saudi princes warn of damage to UK relations if allegations emerge in trial – The Guardian

Posted February 14th, 2013 in appeals, disclosure, immunity, news, royal family, shareholders by sally

“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.”

Full story

The Guardian, 13th February 2013

Source: www.guardian.co.uk

Eckerle and others v Wickeder Westfalenstahl GmbH and another – WLR Daily

Posted January 25th, 2013 in company law, law reports, locus standi, shareholders by tracey

Eckerle and others v Wickeder Westfalenstahl GmbH and another: [2013] EWHC 68 (Ch); [2013] WLR (D) 24

“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

How the workplace will change in 2013 – OUT-LAW.com

“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.”

Full story

OUT-LAW.com, 4th January 2013

Source: www.out-law.com

The duty of fidelity and penalty clauses; Imam-Sadeque –v- BlueBay Asset Management (Services) Ltd [2012] EWHC 3511 (QB) – Employment Law Blog

Posted December 14th, 2012 in compromise, contract of employment, news, penalties, shareholders by tracey

“In Imam-Sadeque –v- Bluebay Asset Management (Services) Ltd Popplewell J had to consider the scope of an employee’s duty of fidelity.”

Full story

Employment Law Blog, 13th December 2012

Source: www.employment11kbw.com

Changes to Takeover Code working well, according to Panel report – OUT-LAW.com

Posted November 28th, 2012 in codes of practice, company law, news, shareholders, takeovers by sally

“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.”

Full story

OUT-LAW.com, 28th November 2012

Source: www.out-law.com

Employee share ownership: proposals for the de-regulation of share buybacks by companies with employee shareholders – Employment Law Blog

Posted November 2nd, 2012 in company law, consultations, employment, news, shareholders by sally

“The Nuttall Review commissioned by the Department for Business Innovation and Skills and published on 4 July 2012 identified key barriers to the uptake of employee ownership and made a number of recommendations on how to reduce these barriers.”

Full story

Employment Law Blog, 1st November 2012

Source: www.employment11kbw.com

Bamford v Harvey and another – WLR Daily

Posted October 30th, 2012 in derivative claims, law reports, shareholders by sally

Bamford v Harvey and another [2012] EWHC 2858 (Ch); [2012] WLR (D) 298

“‘Wrongdoer control’ of a company was not an absolute preclusive condition for the bringing of a derivative claim. However. where proceedings clearly could have been brought in the name of the company and no objection was raised on that ground, they should be so brought.”

WLR Daily, 18th October 2012

Source: www.iclr.co.uk

Can you legislate for responsible capitalism? Yes, here’s how – The Guardian

Posted October 3rd, 2012 in banking, company law, financial regulation, legislation, news, shareholders by sally

“The Companies Act 2006 was a step, but we urgently need a commission on responsible capitalism.”

Full story

The Guardian, 2nd October 2012

Source: www.guardian.co.uk

Assénagon Asset Management SA v Irish Bank Resolution Corpn Ltd – WLR Daily

Posted August 3rd, 2012 in company law, law reports, shareholders, ultra vires by tracey

Assénagon Asset Management SA v Irish Bank Resolution Corpn Ltd: [2012] EWHC 2090 (Ch);  [2012] WLR (D)  243

“A challenge to the legality of a technique used by the issuers of corporate bonds which had acquired the label ‘exit consent’ succeeded on the ground that it was not lawful for the majority bondholders to lend its aid to the coercion of a minority by voting for a resolution which expropriated the minority’s rights under their bonds for a nominal consideration.”

WLR Daily, 27th July 2012

Source: www.iclr.co.uk

Northern Rock compensation claim rejected – The Guardian

Posted August 2nd, 2012 in banking, compensation, human rights, nationalisation, news, shareholders by sally

“Investors who held in shares in Northern Rock before it was nationalised by Labour in February 2008 have reacted angrily to a long awaited decision by the European court of human rights to dismiss their argument that they should be granted compensation by the UK government.”

Full story

The Guardian, 1st August 2012

Source: www.guardian.co.uk

Maidment v Attwood and others – WLR Daily

Maidment v Attwood and others: [2012] EWCA Civ 998;  [2012] WLR (D)  220

“Where a minority shareholder had brought a petition under section 994 of the Companies Act alleging that remuneration paid to a director of a now insolvent company in liquidation was excessive and therefore unfairly prejudicial, there was no basis in the statutory provisions or in principle or in authority to impose a requirement for diligence on shareholders in regards to the company’s filed accounts.”

WLR Daily, 19th July 2012

Source: www.iclr.co.uk

Deripaska in High Court battle over Rusal stake – BBC News

Posted July 9th, 2012 in company law, news, Russia, shareholders by sally

“The Russian oligarch Oleg Deripaska faces a rival billionaire in London’s High Court on Monday in one of the UK’s largest ever commercial disputes.”

Full story

BBC News, 9th July 2012

Source: www.bbc.co.uk

Twitter court case defendant pledges to stop ‘fantasy’ tweets about oil firm – The Guardian

Posted May 17th, 2012 in internet, news, shareholders, undertakings by sally

“A Twitter user has promised to stop posting ‘fantasy information’ about an oil company on the site after the firm took legal action.”

Full story

The Guardian, 17th May 2012

Source: www.guardian.co.uk

Investors launch legal action against RBS – Daily Telegraph

Posted March 13th, 2012 in banking, financial regulation, news, shareholders by sally

“A group of institutional and private shareholders has launched a multi-billion pound legal claim against the Royal Bank of Scotland (RBS), its former chief executive Fred Goodwin and 18 directors and non-executive directors.”

Full story

Daily Telegraph, 12th March 2012

Source: www.telegraph.co.uk

Shares awarded to employees in ‘cash box’ companies should be subject to income tax, tribunal rules – OUT-LAW.com

Posted February 9th, 2012 in income tax, news, shareholders, tribunals by sally

“Shares awarded to employees in ‘cash box’ companies as part of an avoidance scheme are ‘readily convertible assets’ (RCAs) on which an employer must account for income tax under pay as you earn (PAYE), a tribunal has ruled.”

Full story

OUT-LAW.com, 9th February 2012

Source: www.out-law.com

Battle of the oligarchs as Roman Abramovich and Boris Berezovsky appear at High Court – Daily Telegraph

Posted October 4th, 2011 in fraud, news, shareholders by tracey

“Roman Abramovich forced fellow oligarch Boris Berozovsky to sell him billions of pounds of shares cheaply by threatening that Vladimir Putin would seize his assets if he did not comply, a court heard.”

Full story

Daily Telegraph, 3rd October 2011

Source: www.telegraph.co.uk

News Corp pulls out of BSkyB bid – The Guardian

Posted July 13th, 2011 in media, news, shareholders, takeovers by tracey

“Rupert Murdoch’s media group News Corporation bowed to pressure from the public and parliament on Wednesday and withdrew its bid to take full control of pay-TV company BSkyB.”

Full story

The Guardian, 13th July 2011

Source: www.guardian.co.uk

Enviroco Ltd v Farstad Supply A/S – WLR Daily

Enviroco Ltd v Farstad Supply A/S [2011] UKSC 16; [2011] WLR (D) 126

“When a Scottish holding company’s entire shareholding in one of its subsidiary companies had been pledged to a Scottish creditor as security and, pursuant to Scots law, the creditor had become the registered shareholder, the subsidiary company was, for the purposes of section 736 of the Companies Act 1985, no longer a subsidiary of the holding company.”

WLR Daily, 6th April 2011

Source: www.iclr.co.uk

Please note that once a case has been fully reported in one of the ICLR series the corresponding WLR Daily summary is removed.