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Company Law Memo 2010 Newsletter Issue 1 (January 2010)

COMPANY LAW MEMO 2010

Newsletter Issue 1

January 2010

In this issue…

»               Government targets to reduce administrative burdens for businesses

Types of business and corporate structures

»               Proposed changes to dividend and interest caps for CICs

Shareholders

»               Employment Tribunal misdirects itself in deciding that a ‘controlling’ shareholder had not                  been an employee

Directors

»               Company allowed to proceed with claim for damages against directors whose actions
                 caused breach of competition law

»               Consideration of relevant factors when determining the length of a director’s period of                  disqualification

»               Directors disqualified for breach of regulatory rules

Company management and decision making

»               FRC proposes to reform Combined Code

Company accounts

»               Improvements to FRSs

»               Support for the EC’s proposals to reduce administrative burdens for micro entities

Corporate restructuring and development

»               The Takeover Code Committee adopts amendments to the Code

Litigation and investigations

»               Date set for first corporate manslaughter trial 

Insolvency

»               Insolvency Service’s modernisation and consolidation project update

»               Civil Law Reform Bill consultation

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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