Insights & News

Are your board minutes up to scratch

30 November 2016

In the absence of substantive advice or regulation on minute taking at meetings of a company’s board of directors, ICSA (the Governance Institute for Company Secretaries) has published guidance on this. The guidance states that minutes should “provide an accurate, impartial and balanced internal record of the business transacted at a meeting.”

Partners profit share can be forfeited for breach of duty

30 November 2016

The High Court has recently ruled that a partner or LLP member, who commits a breach of fiduciary duty, may forfeit any part of his profit share which constitutes remuneration.

Sales and Brexit Protecting against uncertainty in uncertain times

14 November 2016

David Willbe has a written a piece for 'Bluebox'.

Sherlock Holmes and the case of the vanishing director

30 August 2016

Any good director knows that they have a duty to act in accordance with the company's articles of association. These dictate how directors should be appointed and removed, how shares are transferred and how key decisions should be made. Yet real life isn’t always that neat in practice. So what happens if a company discovers that it has invalidly appointed directors over the past twelve years? A recent judgment tells us that company articles can be amended by conduct – but warns that your articles can still come back to bite you in the end.

Brexit - Some thoughts on the impact on financial services

05 August 2016

On 23 June 2016, 52% of voters in the UK referendum voted ‘Yes’ to the proposition that the UK should ‘leave the European Union’. The UK remains a member of the European Union (“EU”) until Brexit occurs, and therefore there will be no immediate change to the legal relationship the UK has with the EU and with individual EU Member States. Nonetheless, as the other articles in this briefing section indicate, the longer-term consequences of leaving the EU are potentially far reaching, although behind the already well-worn cliché of “Brexit means Brexit” lie many possibilities for the future relationship of the UK with the EU.

What is “MAR”? And what changes has it introduced for listed companies?

02 August 2016

The EU Market Abuse Regulation (596/2014) (MAR) became directly applicable and effective in the UK from 3 July 2016, replacing the previous UK civil market abuse regime. While there is little change in the headline rules and terminology, the new regime has introduced more detailed regulation that listed companies and their advisers, directors, and others who discharge managerial responsibilities must now address.

Confirmation Statements - what you need to know in a nutshell

22 July 2016

From 30 June 2016, the Annual Return (or Companies House Form AR01) has been replaced by the Confirmation Statement (or Companies House Form CS01).

Résolutions spéciales requises par le Companies Act 2006

19 April 2015

Les décisions ci-dessous ne peuvent être passées que par les actionnaires détenant au moins 75% des droits de vote.

Les statuts d une societe anglais

26 March 2015

Que vous soyez dirigeant français d’une société anglaise à responsabilité limitée (« limited ») récemment achetée, investisseur intéressé par une prise de participation majoritaire dans une limited ou tout simplement une société française actionnaire majoritaire d’une limited, cet article est fait pour vous ! Il vous permettra de comprendre comment fonctionnent les statuts ou « articles of association » d’une limited, comment les lire et les écueils à éviter…