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Written by Calum Haswell
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Thursday, 11 November 2010 |
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Abstract
Company – Administration order. The Chancery Division of the High Court allowed the administrators' appeal against a decision of the registrar that the guarantors of a loan to a company were entitled to apply to remove the administrators pursuant to para 88 of Sch B1 to the Insolvency Act 1986. The court took the view that the registrar's concern at the consequences for the guarantors of the administrators' decision was not enough to justify the order she had made.
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Written by Calum Haswell
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Thursday, 11 November 2010 |
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Company – Minority shareholder – Action by shareholder –
Nature of action – Locus standi of applicant to bring minority shareholder's
action – Claimant with controlling interest in company seeking to bring
derivative action – Whether claimant should be allowed to bring derivative
action – Companies Act 2006, Ch
1, pt 11, ss 261, 263
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Written by Calum Haswell
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Monday, 01 November 2010 |
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The department for business, innovation and skills has launched its review of the UK corporate governance framework with a consultation document. A long-term focus for corporate Britain: a call for evidence (pdf), available on the BIS website, provides an overview of issues in UK corporate governance and asks a number of questions of stakeholders, aiming to investigate issues such as short-termism, investor engagement, directors’ remuneration and the economic case for takeovers. The government invites responses to this consultation by 14 January 2011.
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Written by Calum Haswell
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Monday, 01 November 2010 |
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The department for business, innovation and skills has published a paper entitled Understanding local growth. This paper sets out the policies this Government plans to put in place to ensure that local areas have the tools and incentives to maximise their potential for growth. The paper (pdf) is available on the BIS website.
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Written by Calum Haswell
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Thursday, 21 October 2010 |
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The Local Better Regulation Office (LBRO) has prepared and published a comprehensive report of business attitudes to regulation and its burdens. From The Business End of the Telescope - Perspectives on Local Regulation and Enforcement is available on the LBRO website. The report contains the input of 35 organisations, aiming to explore the ways in which a better understanding of the needs of business could improve outcomes and efficiency both for the regulators and those who are regulated, as well as consumers and communities.
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