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High Court consider financial assistance and special resolution error relating to scheme of arrangement – Re Uniq plc, High Court

29 June 2011 | Simon Weinberg

Under section 678(1) of the Companies Act 2006 (CA), it is unlawful for a public company or its subsidiaries to give financial assistance to any person acquiring, or proposing to acquire, shares in that...

Tags on this discussion: agm companies companies act Companies Act 2006 company Corporate Restructure creditor creditors egm financial assistance general meeting High Court illegal member members members' resolution plc public companies public company resolution restructure restructuring scheme of arrangement share share capital Shareholders shares special resolution subsidiaries subsidiary unauthorised unlawful

OFT proposes greater powers for landlords in insolvencies

2 August 2010 | Laura Seaman

The Office of Fair Trading (OFT) has published a report recommending far-reaching reforms of the corporate insolvency regulatory regime. In the report, the OFT said that landlords, as unsecured creditors,...

Tags on this discussion: creditors Insolvency Landlords Office of Fair Trading OFT

Automatic termination of indemnity upon insolvency event breaches anti-deprivation rule – Mayhew v King, High Court

11 June 2010 | Paul Gershlick

T agreed to indemnify M in a contract in relation to some particular litigation that may be brought against M. The agreement said that the indemnity would automatically end if M suffered any insolvency...

Tags on this discussion: administration anti-deprivation anti-deprivation principle anti-deprivation rule asset assignment breach creditors High Court indemnify indemnity Insolvency unenforceable

OFT review of compliance with debt management guidance

19 November 2009 | Steven Mills Comments Off

The OFT has launched a review of industry compliance with its debt management guidance. The guidance sets out the minimum standards of behaviour for providers of debt management services. However, the...

Tags on this discussion: consumer advice creditors debt management guidance debt managment service providers OFT review trade bodies trading standards

Latest news and views tagged creditors

High Court consider financial assistance and special resolution error relating to scheme of arrangement – Re Uniq plc, High Court

OFT proposes greater powers for landlords in insolvencies

Automatic termination of indemnity upon insolvency event breaches anti-deprivation rule – Mayhew v King, High Court

OFT review of compliance with debt management guidance

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