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In the recent case of West v Ian Finlay & Associates, the Court of Appeal found that net contribution clauses ‘are by no means unusual’.
The Financial Reporting Council has published changes to the UK Corporate Governance Code.
The guidelines are directed at premium-listed Main Market companies — although AIM companies are encouraged to adhere to the guidelines as best practice.
The Small Business, Enterprise and Employment Bill will introduce changes to a company’s filing requirements.
In Bluewater Energy Services BV v Mercon Steel Structures BV and others, the parties to a subcontract agreed LDs in connection with a key personnel clause.
In Richmond Pharmacology Ltd v Chester Overseas Ltd, Chester held 44 per cent of the shares in Richmond.
In Shafi v Rutherford, the Court of Appeal considered the completion accounts clause in a share purchase agreement, by which the final consideration was to be determined.
Access to the register of members download
Under section 116 of the Companies Act 2006, any person may request a copy of the company’s register or part of it.
Mis-selling of interest rate swaps download
The drop in interest rates that accompanied the downturn in 2008 left many borrowers confronted with much higher-than-expected payments to lenders.
The Irish Supreme Court has ruled that a letter of demand that overstates the amount due from the borrower, is nonetheless a valid letter of demand.