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Many professional partnerships may benefit from converting into a limited liability partnership (LLP) which can give the protection of limited liability but retain the tax transparency of a partnership....
Thinking of setting up a business?
The attached article which was published in Hertfordshire Business sets out some helpful guidance. Hertfordshire Business - 1 11 2010
New report published on corporate governance for unlisted EU companies
Earlier this year, the European Confederation of Directors’ Associations and the Institute of Directors published guidance on corporate governance for unlisted companies in the EU. This guidance has...
Government consultation on economic short-termism
The Department for Business, Innovation and Skills has published a consultation document "A Long-Term Focus for Corporate Britain". This is the first step of a government review into economic short-termism...
Chief executive of London Stock Exchange criticises proposed changes
The Government has proposed that the United Kingdom Listing Authority (UKLA) merges with the Financial Reporting Council (FRC). Xavier Rolet, the chief executive of the London Stock Exchange (LSE) has...
Consultation on new Bribery Act published
Background
The Bribery Act 2010 (Act) is due to come into force in April 2011. The current English law on bribery was considered to be unsatisfactory because it did not comply with the Organisation...
Company directors to take note of D&O insurance policies
A Directors and Officers (D&O) insurance policy is designed to protect the directors and officers of a company from losses resulting from claims made against them in relation to the performance of...
New ruling on accounts warranties appears to favour sellers
Background
The terms of the sale of a company’s shares are usually documented in a share purchase agreement (SPA). An SPA will typically list various warranties given by the seller to the buyer. Warranties...
Government stands firm on calls for takeover regulation reform
It appears that repercussions from the recent takeover of Cadbury PLC by Kraft Foods are still being felt following the publication of a government command paper setting out its position with regards to...
Shareholder remedies – case update
Background
The statutory remedy for a company member who considers that the company's affairs are being conducted in an unfairly prejudicial manner is contained in section 994 of the Companies Act 2006....