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When is a subsidiary company not a subsidiary company?

23 February 2010 | Emma Cameron | 1 comment

Introduction A recent Court of Appeal decision has the effect that in some circumstances a company which a holding company considers to be its subsidiary may not in fact be its subsidiary. Statutory...

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Tax TV

18 February 2010 | Shimon Shaw

In what seems to me to be a slightly odd use of taxpayer's money, HMRC have decided to sponsor a new channel 5 TV show - the Business Inspector. The justification of this is that the programme will...

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Happy New Year

17 February 2010 | Shimon Shaw | 2 comments

Happy new year to all those celebrating the start of the Year of the Tiger. I will be celebrating the Year of the Tax Hike, which is due to start on 6 April. Anyone with a better name, please share...

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Should your company’s articles of association be amended?

15 February 2010 | Emma Cameron

Why amend the articles of association? The Companies Act 2006 (2006 Act) came fully into force on 1 October 2009. The Act aimed to simplify company law procedures, particularly for smaller companies....

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Director found to be personally liable for misrepresentations on a company sale

26 January 2010 | Emma Cameron

Background The claimant (Invertec) and the first defendant (De Mol Holding BV (DMH)) entered into a sale and purchase agreement for the sale by DMH to Invertec of all of the issued shares in Volante...

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Association of British Insurers publishes position paper on executive remuneration

18 January 2010 | Emma Cameron

What is the Association of British Insurers? The Association of British Insurers (ABI) is the trade association for the UK's insurance industry.  The ABI has around 400 companies in its membership....

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Recent cases on derivative actions under the Companies Act 2006 – are fears of “activist shareholders” unfounded?

6 January 2010 | Emma Cameron | 1 comment

Background A derivative action is an action brought by a shareholder on behalf of the company. Owing to the complexity of the previous law, very few derivative actions succeeded. When the Companies...

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Cross Option Agreements – Protecting You and Your Business

5 January 2010 | Emma Cameron | 1 comment

It may not be a comfortable thought, but at some point a business may be confronted by the critical illness or death of one of its founders. Have you considered what might happen to your company if you...

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Interpretatation of shareholder agreement

5 January 2010 | Emma Cameron

The High Court has considered a claim for a declaration as to the meaning of a price calculation clause in a shareholders agreement. The claim arose out a merger of two businesses. The parties had entered...

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