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FL Memo Ltd © 2008

Company Law Memo Newsletter Issue 6 (November 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 6

November 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

 

Dividends and distributions:

»  Directors’ duties in share sale transactions

 

Directors:

»  New guidance on directors’ accounting duties

»  Directors’ actual and ostensible authority

 

Company management and decision making:

»  BERR consultation on shareholder rights

 

Company accounts:

»  APB guidance on new auditors’ reports

»  Proposal to grant equivalence to GAAPs of certain third countries

 

Company secretary:

»  New guidance on company secretary’s role

 

Buying and selling a company:

»  OFT publishes summary of responses to merger control consultation

 

Corporate restructuring and development:

»  European Commission proposal on mergers and divisions

 

Litigation and investigations:

»  ICSA guidance on corporate manslaughter

 

Insolvency:

»  Just and equitable ground for winding up

»  Nominees’ and supervisors’ qualification requirements

 

Companies Act 2006:

»  Final version of Eighth Commencement Order

»  New regulations: statutory and third country auditors, annual returns, charges

»  Draft secondary legislation: LLPs, trading and address disclosures, accounts

»  Proposal to merge the Northern Ireland Registry with Companies House