Last month, the Bank of England and the HM Treasury announced an extension to the Funding for Lending Scheme (FLS) by one year until 31st January 2015. The FLS launched on 13th July 2012 and is designed to increase the incentives for banks and building societies (Banks) to lend to UK households...
The Chancellor, George Osborne, delivered his Budget yesterday, but what does the Budget mean for Small and Medium Enterprises (SMEs) and will it do anything to stimulate growth? Corporation Tax: The main rate of Corporation Tax will be cut by a further 1% to 20% from April 2015, thereby...
In Royal Westminster Investments SA v Varma [2012] EWHC 3439 (Ch), the court considered whether a shareholder suing a company director on their own behalf could obtain an injunction to restrain the director from using company funds to meet his legal costs. The applicants also sought a mandatory...
A recent case - Eckerle and Others -v- Wickeder Westfalenstahl Gmbh and Another [2013] EWHC 68 (Ch)) - discussed the rights of unregistered indirect minority shareholders. The case itself related to whether an unregistered minority shareholder (being a shareholder whose shares were held via the...
HMV has today announced plans to appoint an administrator. The news follows the closure of Jessops, the camera retailer last week and electrical superstore Comet late last year. The news comes following a sharp dip in turnover for HMV; in December the company announced sales of 288.6 million in...