The following Corporate practice note provides comprehensive and up to date legal information covering:
This Practice Note focuses on the law and practice relating to the appointment of directors and how a director can retire or resign. It examines the role of a director and the different types of director. It also covers the notifications and other steps that are required when there is a change of director, such the need to update the statutory registers and make filings at Companies House. It considers the relevant provisions of the Companies Act 2006 (CA 2006) and a company’s articles of association.
This note also covers the additional provisions relating to the appointment, retirement and resignation of directors of listed public companies including the UK Corporate Governance Code (UKCG Code), which applies to UK and overseas companies with a premium listing of equity shares in the UK.
A director may also be removed or dismissed. The removal of a director is covered in a separate Practice Note: Removal of a director.
In basic terms, the directors of a company are responsible for the day-to-day management of the company. The directors make decisions on behalf of the company in order that it can carry on its business, including making decisions relating to the company borrowing money, entering into contracts, employing people or acquiring assets. The directors are empowered to act on the company’s behalf by a combination of the company’s
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This Practice Note examines why parties involved in a construction project may enter into an escrow agreement (or escrow deed) to set up an escrow account. It looks at the benefits of paying funds into escrow, how an escrow account operates and the provisions typically found in an escrow
The principle of transferred maliceIf a person has a malicious intent towards X and, in carrying out that intent, injures Y, he is guilty of an offence. So, if D shoots at A with intent to kill him but kills B by mistake it is murder; the mistake as to the identity of the victim is irrelevant as D
Fraud by false representationFraud by false representation applies to a broader range of conduct than the offences under the preceding legislation (the Theft Act 1968 (TA 1968)). No gain or loss need actually be made, and no deception need operate on the mind of the deceived for the Fraud Act 2006
This Precedent letter covers disclosure obligations under CPR 31. It does not apply to proceedings subject to the disclosure pilot scheme under CPR PD 51U. For guidance on the disclosure pilot scheme, see Practice Note: Business and Property Courts—the disclosure pilot scheme. For a client letter on
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