COMPANY LAW - 03.06.2024
Banned director defrauded investor of pension pot
A bankrupt businessman continued to run various companies, contrary to his bankruptcy restrictions. He used his ostensibly trustworthy role as a director to take advantage of investors, including depriving one man of his hard-earned pension pot. What happened to this dodgy director?
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COMPANY LAW - 02.04.2024
What’s new at Companies House?
The latest set of Companies House (CH) reforms aim to improve the reliability of the Register of Companies and help combat fraud. 4 March saw the first major implementation phase. How does this affect companies?
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COMPANIES HOUSE - 08.02.2024
Get ready for company law changes
The Economic Crime and Corporate Transparency Act 2023 gives Companies House the power to play a more substantial role in tackling economic crime. Companies House intends to implement the first set of updates on or soon after 4 March 2024. Two key changes coming in then are: ...
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COMPANY LAW - 02.01.2024
How to prevent fraudulent misrepresentation
Shares in one security company were sold to another. Soon after, the purchaser refused to pay most of the consideration, claiming it had been duped into the transaction. What form did the alleged misrepresentation take, and what was the outcome in this case?
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CORPORATE RESTRUCTURING - 11.12.2023
Using a share-for-share exchange
The board would like to set up a holding company to hold the shares in the trading company to protect the trading company’s assets. The external accountant has suggested this is achieved by a share-for-share exchange. How does this work?
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COMPANY LAW - 29.11.2023
Company’s class rights variation determined by court
Companies must follow the right procedure when changing the rights attached to a class of their shares. A recent case illustrates the confusion that can arise if a bespoke procedure in the articles is not drafted carefully enough. What happened here, and how can other companies avoid this tricky situation?
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