Navigating the complexities of restructuring and insolvency demands a strategic approach tailored to corporate entities. This guide offers essential insights and actionable advice, empowering legal professionals to adeptly manage financial distress scenarios, ensuring compliance while safeguarding client interests and assets.
The European Financial Reporting Advisory Group (EFRAG) has updated its non-mandatory guidance for the EU Voluntary Sustainability Reporting Standard...
The Financial Reporting Council (FRC) has published final revisions to ISA (UK) 620 on using the work of an auditor’s expert and ISAE (UK) 3000 on...
Companies House has updated its guidance on proving identity at the Post Office for the ‘Verify your identity for Companies House’ service to add a...
The Insolvency Service and Companies House have reported that three directors have been fined at City of London Magistrates’ Court, following the...
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...
Priority between loss reliefs in loss making companiesWhy does it matter?A company that is a member of a group and has incurred any of the types of losses available for surrender by way of group relief may, without any further rules, have more than one way in which to use the loss. There are a
Late payment penalties—inheritance taxWhile interest often accrues on overdue tax, the late payment of certain taxes may also attract a penalty. For information on the interest accruing on overdue tax, see Practice Notes: IHT—payment deadlines on death—Interest on IHT and Interest on late paid
If a beneficiary signs a deed of disclaimer of their share of an estate and the estate pays their legal fees, will that count as a PET against their estate?A disclaimer is the refusal of a gift prior to acceptance. The refusal of the gift must take place before the beneficiary accepts any benefit
Can shares in a limited company that have not been paid-up at all be cancelled?A limited company having a share capital may not alter that share capital, except in the ways listed in section 617 of the Companies Act 2006 (CA 2006). Shares in a company cannot simply be cancelled without following an
0330 161 1234