Contents: Company Law Memo 2009 Newsletter Issue 4 (July 2009)

Company Law Memo Newsletter Issue 4 (July 2009)

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Welcome to the Company Law Memo 2009 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 2009

Newsletter Issue 4

July 2009

185 PARK STREET

BANKSIDE

LONDON

SE1 9DY

(T) 020 7803 4666

(F) 020 7803 4699

In this issue…

Types of business and corporate structures

» Limited partnership reform

» Amendments to Community Interest Company Regulations

Directors

» Directors of corporate directors

» The scope of a company’s business and directors’ fiduciary duties

Company accounts

» EC consultation on the adoption of international standards on auditing in the EU

» European Directive on accounting disclosures for SMEs and consolidated accounts

» Updated Financial Reporting Standards

Transactions

» New OFT guidance on mergers

» Consultation on various Takeover Code amendments

Insolvency

» Focus on . . . Insolvency consultations

» Insolvency Service reports on first 6 months of new guidelines for pre-packs

» Administration and foreign proceedings

» Removal of administrators after pre-pack sale

Companies Act 2006

» October implementation

» Limited liability partnerships

» Overseas companies

» Shares and share capital

» Uncertificated shares

» Implementation of the Shareholders’ Rights Directive

» Company House forms and filing requirements

» Documents delivered to Companies House and applications for striking off

» Accounts and audit

» The Takeover Panel’s powers in the Isle of Man

» Disclaimer of bona vacantia property after dissolution

» Taxes and National Insurance

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.

While 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.

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CA 2006