Legal News

Corporate weekly highlights—24 June 2021

Published on: 24 June 2021
Published by: LexisPSL
  • Corporate weekly highlights—24 June 2021
  • In this issue:
  • Equity capital markets (Main Market)
  • FCA consults on climate-related disclosure rules for listed companies and certain regulated firms
  • How global markets are preparing for potential SPAC growth
  • Share capital
  • Consideration for shares in public companies (Zavarco v Sidhu)
  • Members
  • Reflective loss—abrogation of the rule in Prudential Assurance (Broadcasting Investment Group Ltd v Smith)
  • Unfair prejudice—Court of Appeal consideration of application to strike out parts of a petition (Zedra Trust v The Hut Group)
  • More...

Article summary

This week’s edition of Corporate weekly highlights includes news that the FCA is consulting on a proposal to extend the TCFD-aligned disclosure requirements regime to standard listed companies as well as primary listed companies, HM Treasury’s response to its consultation on a new regulatory framework for approving financial promotions, and the further extension of temporary measures restricting the use of statutory demands and winding-up petitions until 30 September 2021. There is also analysis of several new cases, including: Zavarco v Sidhu, concerning sections 593 and 594 of the Companies Act 2006 (consideration for the allotment of shares in a public company); Broadcasting Investment Group Limited v Smith, in which the Court of Appeal considers the application of the principle that reflective loss is not recoverable; and Zedra Trust v The Hut Group plc, in which the Court of Appeal considers an unfair prejudice claim. or take a trial to read the full analysis.

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