Our corporate law team has been honoured at a prestigious regional awards ceremony, securing two top prizes. Associate solicitor, Tom Haywood, was named ‘Emerging Dealmaker of the Year’ at the South Yorkshire Dealmakers Awards, whilst the team was recognised for its role in the ‘Deal of the Year (up to Read more…
Consumer Rights Act 2015 and when it comes into force The Consumer Rights Act applies to contracts and notices between a ‘trader’ and a ‘consumer’. 01 October 2015 is when the majority of the Act’s provisions are expected to come into force and the intention is to make compliance with Read more…
In Re Lombard Medical Technologies Plc, the High Court held that it was appropriate to sanction a scheme of arrangement under section 899 of the Companies Act 2006 when outstanding conditions were yet to be satisfied. The court also held that it could direct that the order sanctioning the scheme Read more…
The Court of Appeal has considered the question of whether a single representative can bind a company is governed by the law of the place where the company is incorporated. A supply contract between two Swiss oil trading companies was subject to English law and jurisdiction. The defendant argued that Read more…
A lender and borrower entered into an “upside fee agreement” which provided that, in consideration for the bank procuring financing, a large fee was payable on the occurrence of certain “payment events”. Individual borrowers defaulted under a related loan agreement and the claimants argued this constituted a cross-default under one Read more…
A draft of the Companies Act 2006 (Amendment of Part 18) Regulations 2015 was published on 13 January 2015 together with an explanatory memorandum. The draft Regulations will amend Part 18 of the Companies Act 2006 (CA 2006) to ensure the effective operation of certain provisions introduced by the Companies Read more…
The issue considered was whether a buyer’s warranty claim under a share purchase agreement was barred by a contractual limitation of liability that required the buyer to serve notice of the claim, specifying in reasonable detail: (i) the nature of the claim; and (ii) the amount claimed, within 20 business Read more…
The Company, Limited Liability Partnership and Business (Names and Trading Disclosures) Regulations 2015 were published on 12 January 2015. The Regulations will revoke and replace the current regulations relating to company and LLP names and trading disclosures. Important changes made by the Regulations include extending the list of characters that Read more…
As part of its efforts to strengthen criminal sanctions for corporate offending, the government is considering proposals to create a new corporate offence of failing to prevent economic crime. The new offence would mirror and expand the existing corporate offence of failing to prevent bribery under section 7(1) of the Read more…
In Eurasian Natural Resources Corporation Ltd v Judge, the High Court held that there were no grounds for finding that a director was subject to an implied term requiring delivery up of confidential documents after termination of his appointment. The director’s service agreement provided that all information acquired during his Read more…