The following Corporate practice note Produced in partnership with Tessa Park of Moore Kingston Smith provides comprehensive and up to date legal information covering:
This Practice Note discusses the requirements of the Disclosure Guidance and Transparency Rules in relation to a company’s annual financial report and the related statutory regime. It also considers the requirements in relation to a company active in the extractive industries to file reports annually in relation to payments to governments.
The UK corporate reporting framework may be affected by Brexit. For further details of its impact, see Brexit—accounts and reports. For the purposes of this note, the principal change relates to the companies to which DTR 4 will apply in a no deal scenario. For further details see the section headed Scope of DTR 4 below.
Companies subject to the Disclosure Guidance and Transparency Rules (DTRs) of the Financial Conduct Authority (FCA) must disclose and report on their financial information more promptly, more frequently and in greater detail than those companies that are subject solely to the provisions of the Companies Act 2006 (CA 2006).
This Practice Note summarises the requirements of the DTRs in relation to periodic financial reporting, focusing on the provisions of DTR 4 in relation to the publication of the annual financial report.
DTR 4, along with DTR 1A, DTR 5 and DTR 6, were added to what were then the Disclosure Rules (and were renamed the Disclosure Rules and Transparency Rules) on 20 January 2007 in order to implement certain
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This Practice Note considers the law governing the procedural law of arbitration proceedings (the curial law or lex arbitri) and how it is determined under the law of England and Wales (England and English are used as convenient shorthand).The procedural law of the arbitral proceedingsThe procedural
Statutory declaration of solvencyA company enters voluntary liquidation when the members of the company vote to do so by a special resolution. For more information, see Practice Note: What is a members' voluntary liquidation (MVL) and where/when is it typically used?Before the members can vote on a
ContractWhere a contract is made by two or more parties it may contain a promise or obligation made by two or more of those parties. Any such promise may be:•joint•several, or•joint and severalWhether an undertaking is joint, several, or joint and several in contract is a question of construction
When is quantum meruit and quantum valebat relevant?Claims in quantum meruit (value of services) and quantum valebat (value of goods) arise in diverse situations ranging from where contractual terms are silent on issues of payment to where there is no contract at all (Serck v Drake & Scull).General
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