Venture capital

Venture capital guidance:

The allotment of shares and issue of shares is governed by statute and the applicable statutory provisions differ according to the type of company that is proposing the...

Practice Note

Article 22 Add the following new Article 22.6: Unless otherwise instructed by an Investor Direction, the Board shall procure that an annual general meeting of the Company...

Precedents

Add new Article 14 as follows: 14. Anti-dilution 14.1 In this Article 14, unless the context otherwise requires the following expressions shall have the following...

Precedents

1 Authority to allot shares—no distinction made between different classes of shares (general or specific authority) 1.1 [Without prejudice to section 550 of the CA 2006...

Precedents

Companies Act 2006 Private Company Limited by Shares Articles of Association of [insert name of company] Limited (Incorporated in England and Wales under registered no....

Precedents

Private Company Limited By Shares Articles of Association of [insert name of company] Limited (Incorporated in England and Wales under registered no. [insert number])...

Precedents

Companies Act 2006 Private Company Limited By Shares Articles of Association of [insert name of company] Limited (Incorporated in England and Wales under registered no....

Precedents

Companies Act 2006 Private Company Limited By Shares Articles of Association of [insert name of company] Limited (Incorporated in England and Wales under registered no....

Precedents

subscription and shareholders’ agreement/investment agreement Insert the following as new definitions (if not already included) in the subscription and shareholders’...

Precedents

Company number: [insert company number] [insert company name] [LIMITED OR PLC] Minutes of a meeting of the board of directors (the Meeting) of [insert company name]...

Precedents

Business angels A business angel or angel investor is a high net worth individual who invests in early-stage high growth private companies with little or no operating...

Practice Note

DRAFTING FOR BREXIT: For the latest information on the impact of Brexit on the drafting, negotiation and enforceability of this Precedent, see Practice Note:...

Precedents

Entrepreneurs' relief is a capital gains tax (CGT) relief designed to encourage individuals to set up and expand their own businesses. Provided that the conditions are...

Practice Note

A company having a share capital may have separate classes of shares. As a general rule, a type of share will form a separate class from other shares in a company if the...

Practice Note

DRAFTING FOR BREXIT: For the latest information on the impact of Brexit on the drafting, negotiation and enforceability of this Precedent, see Practice Note:...

Precedents

DRAFTING FOR BREXIT: For the latest information on the impact of Brexit on the drafting, negotiation and enforceability of this Precedent, see Practice Note:...

Precedents

The CRC Energy Efficiency Scheme (the CRC Scheme) was abolished following the 2018/19 compliance year, in accordance with the announcement made by HM Treasury (HMT) in...

Practice Note

The CRC Energy Efficiency Scheme The CRC Energy Efficiency Scheme (CRC Scheme) is a mandatory UK-wide emissions trading scheme in the UK that aims to cut carbon dioxide...

Practice Note

DRAFTING FOR BREXIT: For the latest information on the impact of Brexit on the drafting, negotiation and enforceability of this Precedent, see Practice Note:...

Precedents

DRAFTING FOR BREXIT: For the latest information on the impact of Brexit on the drafting, negotiation and enforceability of this Precedent, see Practice Note:...

Precedents

DRAFTING FOR BREXIT: For the latest information on the impact of Brexit on the drafting, negotiation and enforceability of this Precedent, see Practice Note:...

Precedents

This Practice Note considers the nature of shares in a company and the classes into which they can be divided. If a company has shares of different classes, then class...

Practice Note

DRAFTING FOR BREXIT: For the latest information on the impact of Brexit on the drafting, negotiation and enforceability of this Precedent, see Practice Note:...

Precedents

Schedule 1, Condition 6 of precedent: Loan note instrument—private M&A—share purchase: Add new condition 6 and renumber the subsequent paragraphs: 6.1 If Noteholders...

Precedents

Insert new articles 45 and 46 in Precedent: Articles of association—private limited company or new articles 70 and 71 in Precedent: Articles of association—public...

Precedents

IMPORTANT NOTE: The ability to offer tax-favoured employee shareholder shares or ESS (commonly used in private equity company arrangements) has been removed. The...

Practice Note

STOP PRESS: The ability to offer tax-favoured employee shareholder shares or ESS (commonly used in private equity company arrangements) has now been removed. The...

Practice Note

Various income tax and national insurance contributions (NICs) charges can arise for an employee or director in relation to the acquisition, ownership or disposal of...

Practice Note

DRAFTING FOR BREXIT: For the latest information on the impact of Brexit on the drafting, negotiation and enforceability of this Precedent, see Practice Note:...

Precedents

DRAFTING FOR BREXIT: For the latest information on the impact of Brexit on the drafting, negotiation and enforceability of this Precedent, see Practice Note:...

Precedents