A NOTEPAD ON COMPANY AND FINANCIAL LAW, NEWS AND REGULATION
Currency traders recreate drachma in their trading systems, reports ITV, whilst Dixons prepares for its Greek business for civil unrest, reports the Financial Times.
See also: A Eurozone exit: Legal implications for companies and businesses
How would Greece actually carry out a Eurozone exit?
What are the contractual implications of a country leaving the Euro?
EIB inserts currency change clauses into loans to Greek firms
The Financial Services Bill has completed its committee stage and the latest version of the Bill is here.
PLUS Markets Group plc, operator of the PLUS Stock Exchange and of a recognised investment exchange, has this morning announced that it is to close. The press release is here. The company had been in sale process, but nothing came of that.
For companies traded on the PLUS-quoted market, what will happen to their trading arrangements is unclear at the moment. Sharemark is offering free admission to PLUS companies until 2013. BritDAQ also offers a share matching service.
read more »
The CEO of Yahoo has left the company with immediate effect, after a hedge fund found material inaccuracies in his CV. He hardly gets a mention in the press release announcing his departure.
An attack on your fellow shareholder is likely to result – amongst other things – in an order under section 994 to have your shares bought out. Re Home & Office Fire Extinguishers Ltd has put the point beyond doubt. (H/T Hewetts Solicitors.)
