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High Court confirms that Unilever scheme does not breach anti-avoidance rules

High Court confirms that Unilever scheme does not breach anti-avoidance rules
Published on: 08 November 2018
Published by: LexisPSL
  • High Court confirms that Unilever scheme does not breach anti-avoidance rules
  • Original news
  • What was the background to the case?
  • What are the legal restrictions on cancellation schemes?
  • What was the Company's concern?
  • The Ramsay principle
  • What did the court decide?
  • What are the practical implications?

Article summary

Corporate analysis: In this case the High Court considered whether a cancellation scheme involving a nominee company was caught by the anti-avoidance provisions in the Companies Act 2006 (CA 2006), which prohibit the use of cancellation schemes in connection with a takeover. or take a trial to read the full analysis.

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