This Practice Note summarises the traditional fiduciary duties of company directors, including the duty to act in the best interests of the company,...
This Practice Note provides an overview of the agreement for the sale and purchase of shares in a private limited company (target): the share purchase...
Coronavirus (COVID-19) IMPACT: Certain filing and registration deadlines are extended by temporary measures introduced to mitigate the consequences of...
BREXIT IMPACT: The law as set out in this Practice Note may be affected by Brexit. For further details on the potential impact of Brexit, see Impact...
What is an intention to float announcement?An intention to float announcements (ITF) is generally the first announcement to the public by an issuer of...
This Practice Note provides an overview of the purpose, content and scope of a comfort letter prepared by the auditors of a company preparing to offer...
The agreement of the members of a company is required to make certain changes to a company, such as amending its constitution, name or share capital,...
The principle definedCompany decisions are made by way of resolutions of the shareholders. There are three ways in which a resolution of a company may...
What is a company's constitution?A company’s 'constitution' is defined under the Companies Act 2006 (CA 2006) as including:•the company’s articles of...
This Practice Note is part of the Lexis®PSL Corporate private equity buyout transaction toolkit.TimingPreparation of a first draft of the investment...
What is the AIFM Directive?The Alternative Investment Fund Managers Directive (AIFMD) introduced a secure, harmonised EU framework for monitoring and...
This Practice Note provides an overview of the purpose, nature and scope of the due diligence process that is carried out by a potential buyer prior...
IMPORTANT NOTE: The ability to offer tax-favoured employee shareholder shares or ESS (commonly used in private equity company arrangements) has been...
The CRC Energy Efficiency SchemeThe CRC Energy Efficiency Scheme (CRC Scheme) was a mandatory UK-wide emissions trading scheme in the UK that aimed to...
Summary of CA 2006 provisionsPart 7 of the Companies Act 2006 (CA 2006) deals with the re-registration of a company as a company of another type. The...
This Practice Note is part of the Lexis®PSL Corporate private equity buyout transaction toolkit.The reporting processEach adviser engaged to conduct...
The CRC Energy Efficiency Scheme (the CRC Scheme) was abolished following the 2018/19 compliance year, in accordance with the announcement made by HM...
Business angelsA business angel or angel investor is a high net worth individual who invests in early-stage high growth private companies with little...
Structure of public-to-private takeoversA public to private transaction is one where an unlisted company acquires a listed company, so that the target...
This Practice Note provides an overview of equity warrants in the context of private company investment. Listed equity warrants and debt warrants (of...
This Practice Note provides an overview of best practice guidance relating to the formation and operation of a private equity fund’s Limited Partners...
This Practice Note provides an overview of the Private Equity Principles (Principles) issued by the Institutional Limited Partners Association (ILPA)...
This Practice Note provides an overview of best practice guidance relating to financial reporting and other disclosures made by private equity funds...
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