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No, the starting point is that a loss of profit may be either a direct or indirect loss.
A director of a company who has breached his fiduciary duties as a director could not then, in his capacity as the company’s sole shareholder, ratify the breach where the company was insolvent.
Chancellor’s Autumn Statement and the national infrastructure plan — what does it mean for planning? download
Walker Morris’ planning and environment team provides a brief overview of the proposals likely to impact on the current planning regime.
Stamp duty on takeovers download
We have seen an increasing number of public company takeovers structured as schemes of arrangement.
In 2013, the Court of Appeal was asked to consider the obligation of good faith in a commercial contract in the context of the exercise of a contractual discretion.
The Consumer Protection (Amendment) Regulations 2014 came into force on 1 October 2014. These amend the Consumer Protection from Unfair Trading Regulations 2008.
The Advertising Standards Authority has warned video bloggers — vloggers — that they need to be clearer when they are accepting payment for promoting products.
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.