The following Tax news provides comprehensive and up to date legal information on Tax update spring 2025—Tax analysis
Sub-division and consolidation of sharesCoronavirus (COVID-19): Following the coronavirus (COVID-19) outbreak, some Companies House filing and other...
A company’s constitutionWhat is a company's constitution?A company’s 'constitution' is defined under the Companies Act 2006 (CA 2006) as...
Removal of a directorThis note should be read in conjunction with Practice Note: Appointment, retirement and resignation of a director.For an...
Takeover Code—Rule 34—Right of withdrawalThis Resource Note outlines the main provisions of Rule 34 of The City Code on Takeovers and Mergers (Code),...
Deadlock—fundamentalsA deadlock is where parties to an agreement have an irreconcilable conflict and are therefore unable to reach agreement. This term is often used in connection with corporate joint ventures (JVs), in particular 50:50 JVs where no single party has a controlling stake in the JV and
Funding a corporate joint ventureFunding optionsWhen setting up a joint venture (JV), the parties will need to consider how the JV is to be funded, both initially and throughout the course of the joint venture. Although this note highlights the main funding issues faced by corporate JVs, the general
Is there any guidance on how the courts will interpret ‘bona fide arm’s length purchaser’ where shares are transferred pursuant to the exercise of a drag along provision?A drag along right is typically used to compel minority shareholder(s) to sell their shares if a specified number of ordinary
Terminating and exiting a corporate joint venture—fundamentalsEmbarking on a joint venture (JV) relationship usually involves considerable planning and effort on the part of the JV parties who have decided to partner together for mutual gain (usually by sharing costs, resources and experience). When
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