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In the recent case of Gulf International Bank BSC v Ekttitab Holding Company KSCC and another [2010] EWHC B30 (Comm.) the court considered an application to set aside a judgment entered in default on the...
Charity Act anti-fraud measures to be dropped
I've just published my thoughts in Charity Insight Magazine on the announcement of a further delay from the Government in introducing measures to prevent fraud against charities.
The charitable sector...
Our country needs you…and your money
It is trite to say that there is one rule for the rich and one for the poor but, as reported on Sky News this morning, sometimes it’s simply true. The Government has today announced that people...
Share Transfers: Only Bona Fide Transactions Will Suffice
A recent High Court case has highlighted that a purported gift of shares in a company by one of the company's directors which was intended to put those shares beyond the reach of individuals who may have...
Insolvency statistics in Q4 2010 published today by the Insolvency Service
Insolvency statistics in the fourth quarter of 2010 were published today by the Insolvency Service.
Corporate insolvencies across the board were down on the same period last year: compulsory liquidations...
Freeeeedom!
Forget William Wallace and Braveheart, we're talking tax freedom.
Every year some clever bods in a think tank work out when Tax Freedom Day is. This is the day after which you are working for yourself. ...
Prospectus Directive: Proposed Amendments to Ensure European Commission’s Financial Watchdogs Have Teeth
Three new authorities – for banking, markets and insurance – commenced work on 1st January 2011 with the not insubstantial task of overhauling financial supervision in Europe. The EC has been busy...
BBC Three Counties Radio Interview
Earier this week, I was interviewed on the BBC Three Counties Radio's Morning: MK show about the impact of the Government's confirmation that the default retirement age of 65 will be scrapped from October...
Guarantee your guarantee will stand up to scrutiny !
A recent High Court decision has yet again highlighted the need for parties to draft personal guarantees accurately and in a form that is entirely appropriate for the underlying transaction. A guarantee...
Share valuation provisions – recent case
Background
The articles of association of a company (articles) govern its constitution and often contain provisions relating to the transfer of shares. If a company has directors or employees who own...