“A Twitter user has promised to stop posting ‘fantasy information’ about an oil company on the site after the firm took legal action.”
The Guardian, 17th May 2012
Source: www.guardian.co.uk
“A group of institutional and private shareholders has launched a multi-billion pound legal claim against the Royal Bank of Scotland (RBS), its former chief executive Fred Goodwin and 18 directors and non-executive directors.”
Daily Telegraph, 12th March 2012
Source: www.telegraph.co.uk
“Shares awarded to employees in ‘cash box’ companies as part of an avoidance scheme are ‘readily convertible assets’ (RCAs) on which an employer must account for income tax under pay as you earn (PAYE), a tribunal has ruled.”
OUT-LAW.com, 9th February 2012
Source: www.out-law.com
“Roman Abramovich forced fellow oligarch Boris Berozovsky to sell him billions of pounds of shares cheaply by threatening that Vladimir Putin would seize his assets if he did not comply, a court heard.”
Daily Telegraph, 3rd October 2011
Source: www.telegraph.co.uk
“Rupert Murdoch’s media group News Corporation bowed to pressure from the public and parliament on Wednesday and withdrew its bid to take full control of pay-TV company BSkyB.”
The Guardian, 13th July 2011
Source: www.guardian.co.uk
Enviroco Ltd v Farstad Supply A/S [2011] UKSC 16; [2011] WLR (D) 126
“When a Scottish holding company’s entire shareholding in one of its subsidiary companies had been pledged to a Scottish creditor as security and, pursuant to Scots law, the creditor had become the registered shareholder, the subsidiary company was, for the purposes of section 736 of the Companies Act 1985, no longer a subsidiary of the holding company.”
WLR Daily, 6th April 2011
Source: www.iclr.co.uk
Please note that once a case has been fully reported in one of the ICLR series the corresponding WLR Daily summary is removed.
“A provision of national law which excluded an employee from entitlement under the guarantee of payment of employees’ outstanding claims in the event of their employer’s insolvency, on the ground that the employee within the six months preceding the application for a declaration of insolvency had been the owner of an essential part of the undertaking or business concerned and had had a considerable influence on it activities, was compatible with Parliament and Council Directive 2008/94/EC relating to the protection of employees in the event of the insolvency of their employer.”
WLR Daily, 14th February 2011
Source: www.lawreports.co.uk
Please note once a case has been fully reported in one of the ICLR series the corresponding WLR Daily summary is removed.
“Long term investors’ interests are too easily damaged by hostile takeovers, the Takeover Panel has said. It will amend the City’s rules on takeovers of publicly traded companies to protect the existing shareholders of target companies.”
OUT-LAW.com, 21st October 2010
Source: www.out-law.com
“War between budget airline and its largest shareholder moves to high court as Sir Stelios Haji-Ioannou accuses easyJet of breaching branding agreement.”
The Guardian, 13th June 2010
Source: www.guardian.co.uk
“A simmering row between flamboyant entrepreneur Sir Stelios Haji-Ioannou and the company he founded, easyJet, is to be taken to court in a battle which could limit the operation of the no-frills airline, and even lead to it losing its name.”
The Independent, 9th June 2010
Source: www.independent.co.uk
“For the purposes of capital gains tax in relation to associated companies, under s 286(5)(b) of the Taxation of Chargeable Gains Act 1992, a ‘group’ did not require any common purpose but was to be given its ordinary meaning of ‘collection’. Where shares were disposed of by the taxpayer to another company and the ultimate parent companies of each were ‘connected persons’ then the taxpayer and the acquiring company were sufficiently connected within s 18(3) of the 1992 Act for the capital loss on the disposal to be deductible only from chargeable gains arising on other disposals between the same two companies.”
WLR Daily, 25th February 2010
Source: www.lawreports.co.uk
Please note once a case has been fully reported in one of the ICLR series the corresponding WLR Daily summary is removed.
Grays Timber Products Ltd v Revenue and Customs Commissioners [2010] UKSC 4; [ 2010] WLR (D) 21
“In assessing whether employment-related securities had been disposed of for a consideration which exceeded their ‘market value’, so as to occasion a charge to income tax, it was necessary to postulate a notional sale between a hypothetical vendor and purchaser, with the personal characteristics of the actual vendor, such as his right under a subscription agreement to a disproportionately large part of the consideration paid, being ignored.”
WLR Daily, 3rd February 2010
Source: www.lawreports.co.uk
Please note once a case has been reported in one of the ICLR series the corresponding WLR Daily summary is removed.
Oak Investment Partners XII v Boughtwood and others [2009] EWHC 176 (Ch); [2009] WLR (D) 39
“In an appropriate case, where a significant shareholder, who, as a result of being such a shareholder, was appointed to a management role within the company, then engaged in a course of conduct in that role involving improper assertion of rights of control over the practical management of the affairs of the company, that conduct was capable of being conduct of the affairs of the company in an unfairly prejudicial manner for the purposes of s 994 of the Companies Act 2006.”
WLR Daily, 9th February 2009
Source: www.lawreports.co.uk
Please note once a case has been fully reported in one of the ICLR series the corresponding WLR Daily summary is removed.
Franbar Holdings Ltd v Patel and others [2008] EWHC 1534 (Ch); [2008] WLR (D) 220
“Where the question of ratification arose in the context of an application to continue a derivative claim, under s 261 of the Companies Act 2006, the court should ask itself whether the ratification had the effect that the claimant was being improperly prevented from bringing the claim on behalf of the company. That also applied where the connected person provisions in s 239 were not satisfied but there was still actual wrongdoer control by which there had been a diversion of assets to persons associated with the wrongdoer, albeit not connected in the sense provided by s 239(4).”
WLR Daily, 3rd July 2008
Source: www.lawreports.co.uk
Please note once a case has been fully reported in one of the ICLR series the corresponding WLR Daily summary is removed.
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