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The CMA is to make a ‘Phase 2’ market investigation reference in relation to the supply of retail banking services to personal current account customers and SMEs.
This is a cautionary tale for lenders to take care that their rights under an ‘all monies’ clause are not lost when enforcement action is taken against individual security in separate actions.
This consultation needs to be read in conjunction with the draft Procurement Regulations to get the full picture of how the reforms will benefit small businesses.
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.
The answer was ‘no’ in Northrop Grumman Mission Systems Europe v BAE Systems. However, parties should not take this decision as a green light to refuse to mediate.
The Company Names Tribunal was set up to adjudicate disputes arising under section 69(1) of the Companies Act 2006.
New rules on corporate transparency download
The Small Business, Enterprise and Employment Bill will introduce new requirements regarding corporate transparency.
The government has finally released the budget for the first round of contracts for difference. The total funding available is £300m.
It is not clear when the Cabinet Office envisages that the new regulations will become law, but the fact that they are dated 2015 suggests it will be sooner rather than later.
The courts have decided a number of high-profile cases this summer in which retailers have been involved in intellectual property disputes.
On 31 July 2014, the government published a technical consultation on further proposals for reform of the planning process.
The Groceries Code Adjudicator was established to investigate whether a ‘designated retailer’ has breached the Groceries Supply Code of Conduct.
On 29 May 2014, the Pension Protection Fund published ‘Consultation on the second PPF Levy Triennium — 2015–16 to 2017–18’.