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FL Memo Ltd © 2008

Company Law Memo Newsletter Issue 4 (July 2008)

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Welcome to the Company Law Memo 2008 newsletter, highlighting important recent developments in company and insolvency law.  You can also access comprehensive updates to specific paragraphs via our online updating service.  We always welcome suggestions from readers, so please contact us if you have any comments. 

COMPANY LAW MEMO 2008

Newsletter Issue 4

July 2008

185 PARK STREET

BANKSIDE

LONDON

SE1 9DY

(T) 020 7803 4666

(F) 020 7803 4699

Disclaimer

This newsletter is provided on the understanding that the information contained within it is for guidance only, and that the publisher is not in business to provide legal or accounting advice or other professional services.  Readers entering into transactions on the basis of, or otherwise relying on, such information should seek the services of a competent professional adviser.

Whilst every care has been taken to ensure the accuracy of the contents, the editors and the publishers cannot accept responsibility for any loss occasioned to any person acting or refraining to act as a result of any statement in this newsletter.

 

In this issue

 

Types of business and corporate structures:

»  Proposals for European Private Company unveiled

 

Directors:

»  Directors’ breach of duty for failure to act

 

Company management and decision making:

»  Changes to the annual return from 1 October 2008

 

Company accounts:

»  BERR guidance on accounting and reporting

»  New guidance on auditors’ liability limitation agreements

»  Auditors’ liability for fraud

 

Transactions:

»  Takeover Panel consultations on changes to the Code

 

Insolvency:

»  Insolvency Service modernisation and consolidation project update

»  Inspecting the court’s file on an insolvent company

»  Protective award in employment claim is a provable debt

»  Changes to trading disclosures during insolvency from 1 October 2008

 

Companies Act 2006:

»  Final version of 7th Commencement Order

»  Draft 8th Commencement Order and consultation on final implementation

»  Other secondary legislation:  Limited liability partnerships’ accounts