Under current Revenue practices it is possible for a company to be dissolved and return its funds to its shareholders as capital. This briefing outlines how this process will soon change under a new statutory provision and the effect this will have on share capital on liquidation.
Law Firm: Shoosmiths | Published: 23 January 2012 | Practice Area: Disposals
In the event of a public offer of securities, a prospectus must be prepared for the securities to be offered legally to investors. However, Article 4 of the EU Prospectus Directive contains exemptions. This briefing from Schoenherr clarifies which actions require a prospectus and which don’t.
Law Firm: Schoenherr | Published: 07 December 2010 | Practice Area: Mergers & Acquisitions
The Council of the European Union recently adopted an amending directive for both the prospectus and transparency directives, which the UK intends to implement two key aspects of early next year, well in advance of the 18 month deadline. This speed briefing has the details,
Law Firm: Nabarro | Published: 18 November 2010 | Practice Area: Mergers & Acquisitions
Following the political fall-out over Kraft’s takeover of Cadbury in June, the Code Committee of the Panel on Takeovers and Mergers published a public consultation paper on amending the Takeover Code. This briefing from Nabarro sums up the key amendments.
Law Firm: Nabarro | Published: 11 November 2010 | Practice Area: Mergers & Acquisitions
The UK’s Court of Appeal has reversed the decision of the Competition Appeal Tribunal which quashed, on the ground of apparent bias, the decisions and findings in the Competition Commission's report into the common ownership of airports by BAA. This analysis from Wragge & Co has more.
Law Firm: Wragge & Co | Published: 04 November 2010 | Practice Area: Competition Regulators and enforcement
This article by Shearman & Sterling reports that Brazil’s national champions are asserting themselves on the global stage, as ambitious hunters of trophy foreign assets.
Law Firm: Shearman & Sterling | Published: 23 September 2010 | Practice Area: Mergers & Acquisitions
‘Reasonable’, ‘best’ and ‘all reasonable’ endeavours undertakings are found in all types of commercial contracts. However, despite their ubiquitous use, the meaning of these expressions and the extent of the obligations they impose is unclear, and the case law creates a confusing picture.view abstract
Law Firm: Herbert Smith | Published: 08 September 2010 | Practice Area: Disposals
This weekly round up from Norton Rose of UK corporate news covers the imposition of a £500,000 fine on Photo-Me International, last week's budget, Mr Justice Norris' judgment in the case of Re Liberty International Plc[2010] EWHC 1060 (Ch) and an insider dealing sentence.
Law Firm: Norton Rose | Published: 27 June 2010 | Practice Area: Financial Crime and Fraud
An overview of the different legal frameworks that businesses can operate under in Germany covering the German limited liability company (GmbH), the German stock corporation (AG), the partnership limited by shares (KGaA) and the limited liability partnership (GmbH & Co. KG).
Law Firm: Hogan Lovells | Published: 29 March 2010 | Practice Area: Corporate Governance
A temporary change in Germany’s debt laws gives flexibility to companies struggling with insolvency, but Daniel Weiss reveals how the new rules leave much unclear
Law Firm: Hengeler Mueller | Published: 11 February 2010 | Practice Area: Regulation and Enforcement
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