‘The High Court has ruled that company directors cannot buy assets from their liquidated companies at below market value.’
Local Government Lawyer, 30th January 2020
Source: www.localgovernmentlawyer.co.uk
‘Directors of insolvent companies should not be allowed to buy assets of the business on the cheap, the High Court has ruled. In Systems Building Services Group Limited [2020] EWHC 54 (Ch), the court this week ruled that a director is liable to pay the liquidators of his company money he saved by not placing a house owned by the company on the open market when the company went under.’
Law Society's Gazette, 22nd January 2020
Source: www.lawgazette.co.uk
‘The High Court has characterised a liquidator’s firm as a real party to the litigation which it funded as it stood to make financial gain from the action and was therefore found not to be a pure funder facilitating access to justice.’
OUT-LAW.com, 10th January 2020
Source: www.pinsentmasons.com
‘The director of a lettings and property management agency who defrauded more than £230,000 from the landlords and tenants that were his clients has received a two-year prison sentence, following an investigation by Southampton City Council’s Trading Standards Service.’
Local Government Lawyer, 19th December 2019
Source: www.localgovernmentlawyer.co.uk
‘Advice on incentivising employees in a tax efficient manner has a direct and immediate link to the purposes of the business and so VAT input tax should be recoverable, even if the employees are directors and shareholders, the UK’s First-tier Tribunal (FTT) has ruled.’
OUT-LAW.com, 10th December 2019
Source: www.pinsentmasons.com
‘Last week, the Supreme Court handed down its decision in Singularis Holdings Ltd v. Daiwa Capital Markets Europe Ltd [2019] UKSC 50. That case got the attention that it did because of the tension with the result in Stone & Rolls Ltd v. Moore Stephens. Others have dealt with the detail of the decision in Singularis (including an excellent article by my colleague, Mark Cannon QC). I want to look more generally at the issues created by attribution in a corporate context, and how the courts in recent years have approached them.’
4 New Square, 6th November 2019
Source: www.4newsquare.com
‘A company boss who racially abused workers when they complained about not being paid has been jailed for defrauding staff out of almost £60,000.’
The Independent, 15th November 2019
Source: www.independent.co.uk
‘The Solicitors Disciplinary Tribunal (SDT) has lifted practising restrictions on a finance director who was sanctioned less than three years ago, over the objections of the Solicitors Regulation Authority (SRA).’
Legal Futures, 11th November 2019
Source: www.legalfutures.co.uk
‘Phillip Patterson provides a summary of recent corporate insolvency cases covering:
– Fraudulent trading;
– Misfeasance, transactions defrauding creditors and the duties of directors; and
– The out of court appointment of administrators.’
Hardwicke Chambers, 9th October 2019
Source: hardwicke.co.uk
‘The head of a bogus solicitors’ firm has received a 10-year director’s disqualification for running the business with a total lack of integrity.’
Legal Futures, 24th October 2019
Source: www.legalfutures.co.uk
‘MPs are to hold an inquiry into the role of “corporate greed” in the collapse of Thomas Cook, focusing on directors’ stewardship of the company, how much they were paid and how its accounts were prepared and signed off by auditors.’
The Guardian, 26th September 2019
Source: www.theguardian.com
‘Directors’ duties and climate change: Keeping pace with environmental challenges.’
Supreme Court, 27th August 2019
Source: www.supremecourt.uk
‘As the law of unfair prejudice in the conduct of companies’ affairs has developed, sports clubs (particularly football and rugby clubs) have proved to be fertile sources of disputes between shareholders. In this article, we examine unfair prejudice petitions which have concerned the sports sector to look at the effects of those decisions and at what we can learn not just about the sorts of shareholder disputes which arise in sports clubs but also what we can learn from those decisions and apply to shareholder disputes in other contexts.’
4 New Square, 24th July 2019
Source: www.4newsquare.com
‘he High Court in England has granted an injunction against the holding company to which a wealthy Russian businessman transferred ownership of a luxury yacht in order to avoid enforcement of a £500 million divorce settlement, preventing the company from moving the yacht from where it is docked in Dubai.’
OUT-LAW.com, 24th July 2019
Source: www.pinsentmasons.com
‘The first Appellant/Claimant (‘Koza Ltd’) was a company incorporated in England and Wales, of which the Second Appellant/Claimant, ‘Mr Ipek’ was sole director. Koza Ltd was incorporated in March 2014 and capitalised with £60 million provided by the Respondent/Defendant (“Koza Altin”), its parent and 100% owner, to undertake mining operations outside Turkey.’
Hardwicke Chambers, 27th June 2019
Source: hardwicke.co.uk
‘Comprehensive guidelines to boost the roles of, and relationships between, in-house lawyers (IHLs) and non-executive directors (NEDs), have been drawn up in the hope of minimising the chances of an ethical lapse damaging both the companies they serve and the public interest.’
Legal Futures, 28th June 2019
Source: www.legalfutures.co.uk
‘A former financial adviser who conned his clients out of nearly £750,000 has been jailed for more than 10 years.’
BBC News, 5th June 2019
Source: www.bbc.co.uk
‘In airport parking scammer has been sent to prison in one of the first cases of its kind after he made £1.4million leaving holidaymakers’ cars in muddy fields with keys in the window.’
Daily Telegraph, 10th April 2019
Source: www.telegraph.co.uk
‘The UK registrar banned 87 companies for their risque names last year – but did any expletive-laden monikers make it through?’
The Guardian, 11th March 2019
Source: www.theguardian.com
© Inner Temple Library 2024