Two more guilty of record boiler room fraud – BBC News
‘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
Category: shareholders
In re Olympus UK Ltd and others – WLR Daily
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
Public register to boost company transparency – Department for Business, Innovation and Skills & Prime Minister’s Office
“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
Eclairs Group Ltd and another v JKX Oil & Gas plc and others – WLR Daily
“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
“Legislating for Responsible Capitalism”. A paper by Stephen Hockman QC – Six Pump Court
“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 – WLR Daily
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 shareholders approved after House of Lords accepts final concessions – OUT-LAW.com
“‘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
Competition Commission raps Big Four accountants – BBC News
“Britain’s four biggest accountancy firms have been heavily criticised by the Competition Commission.”
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
“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
Eckerle and others v Wickeder Westfalenstahl GmbH and another – WLR Daily
“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.”
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
“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 Takeover Code working well, according to Panel report – OUT-LAW.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
Employee share ownership: proposals for the de-regulation of share buybacks by companies with employee shareholders – Employment Law Blog
“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.”
Employment Law Blog, 1st November 2012
Source: www.employment11kbw.com
Bamford v Harvey and another – WLR Daily
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
“The Companies Act 2006 was a step, but we urgently need a commission on responsible capitalism.”
The Guardian, 2nd October 2012
Source: www.guardian.co.uk
Assénagon Asset Management SA v Irish Bank Resolution Corpn Ltd – WLR Daily
“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
“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.”
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
“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.”
BBC News, 9th July 2012
Source: www.bbc.co.uk
