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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....
FSA findings of market abuse upheld
The Financial Services and Markets Tribunal (FSMT) published a decision on 11 January 2010 which upheld findings made by the Financial Services Authority (FSA) on market abuse by a research analyst and...
Recent cases on derivative actions under the Companies Act 2006 – are fears of “activist shareholders” unfounded?
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...
Directors’ Duties
The Duties
Directors of companies have always been subject to various duties but until the Companies Act 2006 ("the 2006 Act") came into force, these duties had not been consolidated and set out...
Interpretatation of shareholder agreement
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...