Archive for April, 2011

27 April 2011

Two views on whether the Companies Act 2006 was worth the effort

BIS-sponsored evaluation finds it was, but company law academic finds the Act “complex in a way that makes even an airplane look simple”

26 April 2011

Four directors may share £61 million: Private equity style incentive scheme at listed company

Nine senior managers will receive 10% of any increase in shareholder value over five year period

22 April 2011

Court orders rescission of share purchase agreement on grounds of fraudulent misrepresentation

GG132 Ltd v Hampson Industries sees the rarely-used remedy of rescission ordered following a share sale by listed company

This post was updated on 6 June 2011; see end of post.

20 April 2011

Unlisted companies: Corporate governance guidance

Institute of Directors ‘Corporate Governance Guidance and Principles for Unlisted Companies in the UK’

19 April 2011

CLLS Company Law Committee minutes: Annual re-election of directors, schemes, company stewardship

Market practice information from the minutes of January 2011 meeting of the CLLS Company Law Committee

18 April 2011

The Uniq plc scheme of arrangement, Part 3: The court’s discretion to approve the scheme

Third of three posts on legal aspects of this innovative scheme of arrangement

15 April 2011

The Uniq plc scheme of arrangement, Part 2: Amending a special resolution

Second of three posts on legal aspects of this innovative scheme of arrangement

14 April 2011

The Uniq plc scheme of arrangement, Part 1: The range of uses of a scheme of arrangement

First of three posts on legal aspects of this innovative scheme of arrangement

13 April 2011

A European Contract Law?

European Parliament committee votes to support an optional European Contract Law; idea strongly opposed by the UK

12 April 2011

Paperless board meetings: Online, app-based boardbooks and board packs

Up-to-date board papers can be accessed anywhere with a wi-fi connection

11 April 2011

Disclosure of non-audit services fees by large companies: Upcoming changes

Changes reflect the revised “Ethical Standards for Auditors” published in December 2010

11 April 2011

Companies House starts new web incorporation service

Simple companies can be incorporated online for £18

8 April 2011

“Cutting clutter” from annual reports: Financial Reporting Council recommendations

Reducing the time, energy and cost of preparing unnecessary disclosures and increasing clarity for investors”

7 April 2011

Farstad v Enviroco: The meaning of “subsidiary” in the Companies Act 2006

Supreme Court confirms Court of Appeal judgment on the Companies Acts meaning of “subsidiary”

5 April 2011

European Commission green paper on the EU corporate governance framework

Paper may be the first step towards European legislation on the governance of listed companies

1 April 2011

The fiduciary duty of investment managers: Is it more than maximising financial returns?

Pensions lobby group calls for asset managers and investment consultants to be “enlightened fiduciaries”

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