As part of the Government's commitment under the Red Tape Challenge to reduce unnecessary regulatory burdens, the Department for Business, Innovation & Skills (BIS) has launched a consultation to determine whether the regulations relating to company and business names should be repealed or...
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...
A recent case has highlighted the importance of company directors understanding and complying with their duties as directors of a company. Two directors of Blackburn based BCP (NW) Limited have been suspended from acting as directors of any company for 5 and 6 years respectively. The sentence...