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The following Corporate news provides comprehensive and up to date legal information on Corporate weekly highlights—5 February 2026
Separate legal personality and the corporate veilCorporate legal personality—the Salomon principleA properly formed registered company is a separate...
A company’s constitutionWhat is a company's constitution?A company’s 'constitution' is defined under the Companies Act 2006 (CA 2006) as...
Allotment and issue of shares—fundamentalsSTOP PRESS: A significant restructuring of the UK listing regime came into effect on 29 July 2024, which...
Private companies limited by sharesThis Practice Note summarises the main features of a private company limited by shares. It also covers key...
How do you document the sale and purchase of a limited liability partnership?We have assumed that the relevant limited liability partnership (LLP) is established in England and Wales.There are two options for the sale and purchase of an LLP. The first option is for the members of an LLP to transfer
How might a member of an LLP transfer or assign their partnership interest to a new member?Transfer of interest in LLP by deedA limited liability partnership (LLP) does not have directors, shareholders or partners, it has members. The members of an LLP are the persons who have subscribed their names
What is the procedure for transferring an interest in an English limited partnership to a new limited partner?Limited partnershipsA limited partner may assign its interest in a limited partnership, subject to the general partner's consent and any contrary agreement between the limited partners. The
Can an LLP be treated as a subsidiary or subsidiary undertaking of a company?Can an LLP be a subsidiary of a company?Section 1159(1) of the Companies Act 2006 (CA 2006) provides that a company is a ‘subsidiary’ of another company, its ‘holding company’, if that holding company:•holds a majority of
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