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FL Memo Ltd © 2007

Company Law Memo Newsletter Issue 10 (December 2007)

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Newsletter Issue 10

December 2007

COMPANY LAW MEMO 2007

185 PARK STREET

BANKSIDE

LONDON

SE1 9DY

(T) 020 7803 4666

(F) 020 7803 4699

Welcome to the Company Law Memo 2007 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. 

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

 

Company management:

»  Companies House opening times over the holidays

»  Annual Returns and new Standard Industrial Classification codes

 

Company accounts and finance:

»  European Commission proposes a limit on auditors’ liability

»  Intention to grant a lender security; undue enrichment

»  Verbal guarantee not enforceable

 

Litigation:

»  Transfer of premises to a subsidiary in order to avoid an option to purchase

»  UK court asked to overturn US judgment

 

Transactions:

»  Cross-border mergers

»  Consultation on new mergers and divisions regulations

»  City Code developments

»  Application of TUPE in share purchases and sales by private equity companies

 

Insolvency:

»  Transactions at an undervalue

»  Northern Rock – is administration on the cards?

 

General business issues:

»  Price-fixing fines for supermarkets

»  Extradition of directors

 

Companies Act 2006:

»  Implementation delays

»  Fifth Commencement Order

»  New regulations