The following Corporate practice note provides comprehensive and up to date legal information covering:
This Practice Note considers the law and regulation relating to the corporate structure known as a UK Societas. A UK Societas has its roots in the European company structure, which, since the UK left the EU, is no longer available within the UK.
A European company, otherwise known as a Societas Europaea or SE, is a body corporate that may be formed within the Europe Union (see Council Regulation 2157/2001/EEC of 8 October 2001 on the Statute of a European Company (SE Regulations)). Once formed, it has its own legal personality, is registered in the member state in which it has its head office, but has EU-wide recognition and status. An SE is a public limited liability company governed by the law of the member state in which it has its registered office.
For further details on SEs, see Practice Notes: European companies—an introduction [Archived], European companies—formation [Archived], European companies—alteration of registered particulars, ongoing administration and transfer of registered office [Archived] and European companies—winding up, liquidation, insolvency and conversion to PLC [Archived].
As a result of the UK leaving the EU, any SE still registered in the UK at the end of the transition period automatically converted into a UK Societas within the meaning of the SE Regulations (see The European Public Limited-Liability Company (Amendment etc.) (EU Exit) Regulations 2018,
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The Public Private Partnership (PPP) models are a popular way for governments to involve private investment, expertise and risk in procuring infrastructure, with the potential to deliver a project more efficiently and economically. One of the most popular PPP models for procuring infrastructure
This Practice Note examines the doctrine of consideration and the key role it plays in English law in determining whether a contract is enforceable.A promise will only be capable of being contractually enforced if it is either made in a deed or made in exchange for something of value, known as
This Practice Note explains certain common financial covenants used in commercial finance transactions including:•minimum net worth test•gearing ratio•leverage ratio (or debt to equity ratio)•current ratio (or acid test ratio)•cashflow ratio•interest cover ratio, and•loan to value ratioIt explains:
Produced with input from Rebecca Cousin of Slaughter and May on market practice.This Practice Note summarises the rules and guidance in relation to parties who are, or may be presumed to be, acting in concert for the purposes of The City Code on Takeovers and Mergers (the Code). In particular the
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