Occasionally, the directors of a company are approached by shareholders looking to sell their shares. This may come at a time when, unbeknownst to those shareholders, the directors are in confidential discussions...
A recent case in the High Court has highlighted the importance of drafting contracts clearly and ensuring that the provisions are similarly understood by all parties.
Many of you will be aware that UK companies are now required to hold a record of persons or entities who exercise significant control in relation to that company.
When a buyer is investigating a business as a potential acquisition target, a key part of its due diligence will be to review any contracts to which the target business is a party.
A share purchase agreement is the key document in a corporate transaction as it sets out the terms that have been agreed by the buyer and the seller for the purchase of the target company by the buyer.
There are some decisions that the directors of a company may not take alone and require shareholder approval by way of written resolution or a general meeting.
On 28 April 2017, the Government's Business, Energy and Industrial Strategy Committee announced that it has closed its inquiry into scale-up businesses (which was launched on 20 March 2017) due to the general election on 8 June 2017.
The High Court has recently considered the extent to which the seller of a Rush Hair franchise business should be restricted from operating a competing business.
It is common for many individuals who run a business on their own as a sole trader to end up incorporating a company for their business so that they can take advantage of the limited liability that a company structure offers.
The European Union General Court has given its judgment, upholding the European Commission's ruling, that Lundbeck and various generics businesses had breached competition law with a series of 'pay for delay' agreements
The Institute of Chartered Secretaries and Administrators (ICSA) recently published useful guidance notes on the way that board minutes should be drafted
