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Company Law Memo 2010 Newsletter Issue 4 (July 2010)

COMPANY LAW MEMO 2010

Newsletter Issue 4

July 2010

In this issue…

Company formation and constitution

»               BIS summary of responses to consultation on the financial information required in                  statements of capital

»               Existence of a Partnership

»               Taxation changes announced

Directors

»               When will the OFT apply for a director’s disqualification for a breach of competition law?

Company management and decision making

»               Financial Reporting Council (FRC) revises the UK Corporate Governance Code (formerly                  the Combined Code)

»               Financial Reporting Council (FRC) have released the UK Stewardship Code

Company accounts

»               Plans for compulsory Operating and Financial Review

»               Bills of Sale Acts do not apply to companies

Corporate restructuring and development

»               Proposals for a new restructuring moratorium announced

Insolvency

»               OFT recommends reform of corporate insolvency regulation

»               Indemnity for costs in derivative claims

»               How useful are Insolvency Service statistics?

»               Notice of appointment of administrator when time barred

»               Electronic delivery of statutory notices

»               Appeal to set aside a CVA due to unfair prejudice

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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