M&A Weekly Update: effective service of a claim for breach of contract; changes to the UK Corporate Governance Code; and more
Effective service of a claim for breach of contract — were the claims ‘issued and served’?
A recent first-instance decision (T&L Sugars Ltd v Tate & Lyle Industries Ltd) is a salient reminder of the benefit of clear drafting.
The court was asked to consider the meaning of a provision in an agreement that provided that a claim must be ‘issued and served’ within a certain timeframe.
The court held that ‘issued and served’ meant the claim was required to be issued and served in accordance with the Civil Procedure Rules, specifically rule 7.5…
Click on the link below to read the rest of the Macfarlanes briefing.
News from The Lawyer
Briefings from Macfarlanes
M&A Weekly Update: forced sale of shares does not qualify as ‘an offer to the public’ requiring publication of prospectus; and more
Macfarlanes has released its M&A Weekly Update for the period 27 June to 3 July 2014.
Investment Management Update — 4 July 2014: FCA Handbook Notice 13; ESMA updates Q&As on AIFMD; and more
Macfarlanes has released the 4 July 2014 issue of its Investment Management Update.
Analysis from The Lawyer
As the equity capital markets rocketed back into favour and global M&A saw at least a partial return to form, there have been some rich pickings for The Lawyer’s Corporate Team of the Year award shortlisted firms in 2014.
Footie and telecoms dominate our regular round-up of recent M&A activity, as the threat of rising interest rates kick-started activity among organisations.