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Serious Fraud Office recovers dividends paid to innocent parent company for bribes paid by foreign subsidiary without parent’s knowledge

20 January 2012 | Paul Gershlick

The Serious Fraud Office has successfully tried a new tactic in its enforcement of bribery and corruption laws. It has recovered the £130,000 in dividends paid to Mabey Engineering (Holdings) Limited...

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Protect Your Position – Bristol-Myers buys Inhibitex for $2.5 billion

17 January 2012 | Laura Mole

With the Patent Cliff looming and the lack of new drugs to fill the void keeping big Pharma bosses awake at night, we are seeing new strategies emerging in an attempt to off see the gloom and doom predictions...

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FRC announces changes to strengthen boardroom diversity from October 2012

15 November 2011 | Richard Phillips

Last month, the Financial Reporting Council (FRC) announced that it will make two changes to the UK Corporate Governance Code in order to strengthen diversity in the boardroom. The revised UK Corporate...

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Companies House filings: change to company names examination policy now in force

16 September 2011 | Samantha Lloyd

From 1 September 2011, Companies House will no longer accept company names on documents submitted to the registrar of companies “which contain minor variations or typographical errors.” The change...

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Eastern Promise for the UK’s Food Manufacturers?

9 September 2011 | Mark Archer

The Food and Drink Federation (FDF) is encouraging UK food and drink manufacturers to develop export links with China by supporting the British presence at its leading 2011 exhibition, FHC China, which...

The Bribery Act: first person faces prosecution

1 September 2011 | Paul Gershlick

A Redbridge Magistrates’ Court employee has become the first person to face prosecution under the new Bribery Act. Munir Yakub Patel is due to appear before Southwark Crown Court on 14 October 2011...

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Limited liability partnerships – members’ rights

1 September 2011 | Emma Cameron

Background The right for a shareholder of a company to bring an action for unfair prejudice has been the subject of many cases over the years. This right allows a shareholder to bring an action on...

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Trial date set for second ever corporate manslaughter prosecution

24 August 2011 | Michael Oberwarth

Following a preliminary hearing earlier this month, storage product manufacturer Lion Steel Equipment and three of its directors will stand trial for corporate manslaughter and gross negligence manslaughter...

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Directors’ duties

16 August 2011 | Emma Cameron

Background The Companies Act 2006 sets out a director's fiduciary duties in statute for the first time. These include duties: - to promote the success of the company; - to avoid conflicts of...

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Non-executive directors and conflicts of interest: what is the legal position?

10 August 2011 | Michael Delaney

I was recently asked to provide an answer to an employment question posed in Jonathan Moules’ ‘Business Questions’ column in The Financial Times newspaper, which appeared in the Saturday 30 July...

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