‘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
‘The High Court recently had reason to consider liability where individuals, who owe fiduciary duties to a company, divert for themselves a business opportunity.’
Blackstone Chambers, 25th February 2019
Source: www.employeecompetition.com
Work and Pensions Secretary Amber Rudd MP has announced that the government will introduce two new criminal offences to penalise the mismanagement of pension schemes.
Doughty Street Chambers, 11th February 2019
Source: insights.doughtystreet.co.uk
‘MPs and pension experts have welcomed government plans to introduce lengthy jail sentences for executives who recklessly mismanage pension funds, in an effort to avoid a repeat of recent scandals like BHS or Carillion.’
The Guardian, 10th February 2019
Source: www.theguardian.com
‘A property developer has been banned from running companies for 10 years after failing to provide accounting records to explain more than £5m missing from a football club loan.’
BBC News, 5th February 2019
Source: www.bbc.co.uk
‘The UK needs a new corporate governance regulator, with a new mandate and enhanced powers to hold company directors to account, an independent review has concluded.’
OUT-LAW.com, 20th December 2018
Source: www.out-law.com
‘Company directors in the UK can now be fined up to £500,000 if their businesses engage in unsolicited marketing activity.’
OUT-LAW.com, 17th December 2018
Source: www.out-law.com
‘Imagine a company has been dishonestly asset-stripped by one of its directors. The assets have gone into his own pocket. The company is wound up. The shareholders and creditors have little hope of recovering much from it. The obvious next step is to pursue the director. But the shareholders cannot recover the loss in value of their shareholding against him; that claim is barred by the rule against reflective loss. Is a claim by an unsecured creditor who is not a shareholder similarly barred? In Garcia v Marex Financial Limited [2018] EWCA Civ 1468, the Court of Appeal held that it was.’
Henderson Chambers, 6th December 2018
Source: www.hendersonchambers.co.uk
‘The High Court has ruled that a partner in a law firm who paid himself £16,500 after he had left the firm and was “effectively competing with it” breached his director’s duties.’
Legal Futures, 8th November 2018
Source: www.legalfutures.co.uk
‘A High Court judge was wrong to order a non-party costs order (NPCO) where the respondent had not been warned that the applicant was going to seek one, the Court of Appeal has ruled.’
Litigation Futures, 10th September 2018
Source: www.litigationfutures.com
‘The UK government has published new tools designed to improve rescue opportunities for companies in financial distress and put more emphasis on directors’ duties.’
OUT-LAW.com, 28th August 2018
Source: www.out-law.com
‘Company bosses who dissolve their firms to avoid paying off staff or meeting pension commitments will risk being hit with fines, under new government plans.’
BBC News, 26th August 2018
Source: www.bbc.co.uk
‘A company boss has been jailed for 10 years today (13 June) after two people died in a series of explosions and a fire at his fireworks shop.’
Crown Prosecution Service, 13th June 2018
Source: www.cps.gov.uk
‘The government is set to finally make good on its pledge to make the directors of companies which make unsolicited nuisance calls personally liable if their firm breaks the law.’
Legal Futures, 31st May 2018
Source: www.legalfutures.co.uk
‘Bosses of firms which bombard people with nuisance calls could be fined up to £500,000 under government proposals to make them personally liable.’
BBC News, 30th May 2018
Source: www.bbc.co.uk
‘A solvency statement was found to be invalid, a reduction in capital and distribution unlawful and three directors in breach of their duties after a corporate reorganisation left a company unable to meet its liabilities, the High Court has ruled.’
OUT-LAW.com, 22nd May 2018
Source: www.out-law.com
‘Two men were found to be shadow directors of an insolvent property development company and so did owe the company fiduciary duties but their behaviour did not breach those duties, the High Court has ruled.’
OUT-LAW.com, 8th May 2018
Source: www.out-law.com
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