Altmore Business Law - legal updates

Budget 22 June 2010

Tuesday 22 June 2010 16:26

The key points for business transactions in today's budget now follow:

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Negotiating contracts by e-mail

Friday 11 June 2010 13:38

The case illustrates the perils of negotiating contracts by email without making clear at what point you intend there to be a legally binding contract.

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Registration of company charges/ debentures/ mortgages

Thursday 18 March 2010 14:39

Lenders will be particularly interested in what follows.

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Distributions – non cash assets - distributions in kind – intra group reorganisations and transfers

Monday 11 January 2010 14:14

CA 2006 - distributions at book value are permitted if there are distributable reserves of at least £1.00. However, directors must, as before, take care that transfers of assets are made at fair market value where the company has no distributable reserves.

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Use all reasonable endeavours

Thursday 17 December 2009 11:57

So we now know, at least, that someone agreeing to “use all reasonable endeavours” has a generous margin but must perform energetically!

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Entrepreneurs' relief

Monday 16 November 2009 12:48

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Shareholder cannot sue for a company’s losses/ damages

Sunday 8 November 2009 13:53

Beware - the company and its shareholders are not one and the same. This distinction lies at the heart of company law and all legal work concerning companies and their various stakeholders.

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Share purchase/ sale; warranties; disclosure letter

Saturday 3 October 2009 15:50

Use an experienced solicitor!

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To PLC or not to PLC? – that may be the question

Tuesday 29 September 2009 14:08

We recently acted on the merger of several well established private companies. The suffix “public limited company” or “plc” for the name of the new holding company was very attractive. But, we were asked, what additional regulations are imposed by the Companies Act 2006?

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Companies Act 2006: in force from 1 October 2009

Monday 24 August 2009 11:25

The final segment of the CA 2006 comes into operation on Thursday 1 October 2009. Earlier bulletins have covered blocks already brought into operation leaving what’s summarised below and in part 2 of this bulletin.

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