Demergers

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Demergers guidance:

FORTHCOMING CHANGE on amendments to FA 1986, s 77A: Finance Bill 2019–20 amends, with effect from Royal Assent, section 77A of Finance Act 1986 (FA 1986) to ensure that...

Practice Note

A demerger is a transaction whereby a business carried on by a company within a group is taken out of that group and run under separate management but with all or some of...

Practice Note

A demerger means the separation of a company’s business into two or more parts, typically carried on by successor companies under the same ownership as the original...

Practice Note

B Buy outThis is the purchase of a company or a controlling interest in a corporation’s shares. This often happens when a company’s existing managers wish to take control...

Practice Note

The law regulating the making of distributions by a company, as it applies to all companies, is set out in this Practice Note. For details of the additional rules and...

Practice Note

This Practice Note covers: • what arrangements under Insolvency Act 1986 (IA 1986), s 110 (a s 110 arrangement) is (see: What is a s 110 arrangement?) • the rationale for...

Practice Note

FORTHCOMING CHANGE on amendments to FA 1986, s 77A: Finance Bill 2019–20 amends, with effect from Royal Assent, section 77A of Finance Act 1986 (FA 1986) to ensure that...

Practice Note

It is a fundamental rule of English company law that a limited company having a share capital must maintain that capital. Therefore, a company must not reduce its share...

Practice Note

Produced with input from Rebecca Cousin of Slaughter and May on market practice. This Practice Note explains the nature of a scheme of arrangement in a takeover context,...

Practice Note

Produced with input from Rebecca Cousin of Slaughter and May on market practice. This Practice Note looks at the detailed procedures to be followed to implement the...

Practice Note

Schemes of arrangement—definition and basis in statute A scheme of arrangement is a court-sanctioned compromise between a company and its creditors or members. The...

Practice Note

What is a demerger? A demerger is a type of corporate reconstruction that divides businesses carried on by a company (or group of companies) so that, after the demerger,...

Practice Note

This Practice Note is about the tax implications of a statutory demerger. The most straightforward way to carry out a demerger involves a company (the target company)...

Practice Note

What is a scrip dividend and why do companies make them? A scrip dividend, also referred to as a scrip or stock issue, a stock dividend or a scrip alternative, is where a...

Practice Note