The directors of the collapsed Weavering Macro Fixed Income Fund Limited were found to have failed to perform their duties of supervision. Travers Smith provides an overview of the Weavering case's judgment and the list of important guidelines for fund directors which resulted from it.
Law Firm: Travers Smith | Published: 20 January 2012 | Practice Area: Regulation and Compliance
From a director's perspective, in addition to creating a strategy to increase shareholder value, he or she must also consider how that value should be distributed. This briefing looks at how Jersey law deals with the shareholder dividends and the key issues to consider before making a payment.
Law Firm: Mourant Ozannes | Published: 19 January 2012 | Practice Area: Directors
When a company is in financial difficulty, additional duties can fall upon its directors. If these duties are not properly discharged, directors can face personal claims and/or disqualification. This briefing from Nabarro outlines the risks and offers a series of practical steps directors can take.
Law Firm: Nabarro | Published: 16 January 2012 | Practice Area: Directors
Limited liability companies are one of the most popular vehicles for carrying out business in the UAE. This briefing outlines how the UAE Commercial Companies Law deals with the liability of partners and managers and what this means if a creditor wishes to file a case against an LLC.
Law Firm: Habib Al Mulla & Company | Published: 29 November 2011 | Practice Area: Corporate Governance
The government is considering changes to the corporate governance framework to promote proportionate and justified remuneration structures for the senior directors of quoted companies. This briefing summarises recent developments and outlines where the BIS proposals are likely to go next.
Law Firm: Shoosmiths | Published: 24 November 2011 | Practice Area: Directors
The recent decision in Smith v Butler & another (2011) highlights the way directors or shareholders can make use of the Companies Act 2006 to obtain a court order to convene a general meeting in circumstances where it has become impractical to conduct meetings in accordance with the articles.
Law Firm: Shoosmiths | Published: 08 November 2011 | Practice Area: Corporate Governance
The Employment Appeal Tribunal has decided that two directors were personally liable to pay compensation for discrimination. This briefing from Shoosmiths studies the background and decision of Bungay and Paul v Chandel to highlight how 'joint and several liability' poses a risk to directors.
Law Firm: Shoosmiths | Published: 31 October 2011 | Practice Area: Directors
A range of recent corporate crises - the BP spill, phone hacking, and the banking crisis - can be seen as evidence of the importance of trust. Compiled by Populus and DLA Piper, this report interviewed 51 business leaders to explore trust in a business context; how it can be lost and regained.
Law Firm: DLA Piper | Published: 26 October 2011 | Practice Area: Corporate Governance
Mourant Ozannes' Robert Duggan and Nicholas Fox investigate a recent ruling by the Cayman Islands Grand Court that specifically highlights and clarifies the scope of duties expected of directors of open-ended funds.
Law Firm: Mourant Ozannes | Published: 25 October 2011 | Practice Area: Directors
This update offers a mix of topical issues affecting companies, directors and shareholders. This edition includes pieces on two employment reforms relating to the lengthening of the qualification period for bringing unfair dismissal claims and to the new law covering agency workers.
Law Firm: Mills & Reeve | Published: 24 October 2011 | Practice Area: Mergers & Acquisitions
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