The Companies Act 2006 (CA 2006) governs the allotment of shares and the disapplication of pre-emption rights. The rules differ according to the type of company which is proposing the allotment (private or public, listed or unlisted) and whether that company has a single or multiple classes of shares. Additional rules apply to listed companies or AIM companies. This checklist sets out the procedure relating to the allotment of shares and disapplication of statutory pre-emption rights in relation to private companies with one class of shares. For general information on allotment and issue by, and pre-emption rights as they apply to, all companies, see Practice Notes: Allotment and issue of shares—introductory points and Pre-emption rights—general issues. For further and more detailed information about allotments of shares and pre-emption rights in relation to private companies with only one class of shares, see Practice Notes: Allotment and issue of shares—private companies with one class of shares and Pre-emption rights on allotment—private companies. General preliminary considerations The following points should

Under the Companies Act 2006 (CA 2006), a company is formed when one or more persons: • subscribe their names to a memorandum of association, and • comply with the registration requirements prescribed by CA 2006 A person subscribing their name to a company’s memorandum is often referred to as a subscriber. Need for subscriber shares A company that is to have a share capital must allot at least one share to each of its subscribers (being subscriber shares), so that the company has share capital and at least one shareholder on its incorporation. This requirement is reflected in the prescribed form for a company's memorandum, which is a simple statement by the subscribers that they: • wish to form a company under CA 2006, and • agree to become members of the company and, in the case of a company that is to have a share capital, to take at least one share each It is not possible for subscriber shares to be allotted on the basis that they are held jointly, as Companies House

This Practice Note summarises the characteristics of the different forms of allowance protections. The primary purpose of the allowance protections was originally to reduce or remove any exposure to the lifetime allowance (LTA) charge. With the abolition of the LTA charge on 6 April 2023 and the subsequent abolition of the entire LTA regime from 6 April 2024, the purpose of the allowance protections has since shifted to: • the higher lump sum allowance and allowance and lump sum and death benefit allowance they will provide—for further information, see What does the protection do?, below • the higher tax-free lump sum entitlement they may provide—for further information on this, see Lump sum protections, below. HMRC offers a protection look-up service which provides information to registered pension scheme administrators and practitioners, when checking whether the allowance protection (or enhancement) that a member is relying on is valid for a higher lump sum allowance and/or lump sum and death benefit allowance. Since early 2026, that service, which is called ‘Check a pension scheme member’s protections

Pensions analysis: The Deputy Pensions Ombudsman has partially upheld a complaint about a return of pension paid by mistake. Martin Scott of gunnercooke LLP looks at the decision.

Law360: A female engineer has failed to convince an employment tribunal that defence supplier, Leonardo, allowing transgender individuals access to toilets based on their reassigned gender was harassment or was discriminatory towards women.

Brent Council has announced that Mohammed Mehdi Ali, a ‘rogue landlord’ from Willesden, has been ordered at Harrow Crown Court to pay back £739,263.58 in illicit earnings made from overcrowded properties. Ali was ordered by the court to pay back what is believed to be 2021’s largest order for a planning breach so far within three months or face a prison term of five years and nine months. Investigations undertaken by Brent Council uncovered illegal dwellings and illicit earnings made by illegally renting out properties that were used as houses in multiple occupation and undersized flats.

A house provided for the reception or relief of poor persons.

The Secretary of State for Business, Energy and Industrial Strategy, Alok Sharma has written to those working in the construction sector, thanking them for their 'invaluable contribution’ to the UK economy since the outset of the coronavirus (COVID-19) pandemic. Sharma paid tribute to workers and expressed admiration for the work they are doing. Sharma added that construction workers have performed a ‘vital role’ in the past six months in building the Nightingale Hospitals, accelerating delivery of infrastructure projects, supporting vital public services, and helping the country adapt to make their buildings coronavirus secure.

A measure of performance on a risk-adjusted basis.

CASE HUB ARCHIVED–this archived case hub reflects the position at the date of the decision of 14 March 2012; it is no longer maintained. See further, timeline and related cases. Case Facts Outline UK merger investigation into the establishment of a joint venture between Alpha Flight Group and LSG Lufthansa Service Holding AG. Latest developments The CC cleared the joint venture unconditionally on 14 March 2012. Parties Alpha Flight Group and LSG Lufthansa Service Holding (LSG) intend to combine their UK trading assets and operations into a 50/50 joint venture. Alpha is owned by Dnata, a sister company of the international airline Emirates. LSG is a subsidiary of the German airline Lufthansa. Both Alpha and LSG provides logistics and traditional catering to Heathrow and other UK airports. Alpha have a strong regional network but LSG have a larger Heathrow and international presence. Competitors to the parties include: Gate Gourmet, DO & CO and Plane Catering. Market(s) In-flight

An ionising particle consisting of two protons and two neutrons. It is a Helium nucleus – i.e. a helium atom stripped of its two electrons.

CASE HUB ARCHIVED—this case hub reflects the position at the date of the cancellation of the investigation on 22 July 2024 after the abandonment of the transaction; it is no longer maintained. See further, timeline. Case facts Outline UK merger investigation into the anticipated acquisition by AlphaTheta Corporation of Serato Audio Research Limited. The transaction involves horizontal overlaps in relation to the supply of DJ software for laptop and desktop applications. Latest developments On 22 July 2024, the CMA formally cancelled its phase 2 investigation after the parties decided to abandon the proposed transaction. Parties • AlphaTheta Corporation (ATC): ATC is a Japan-based company that supplies DJ software globally for use on laptops and desktops under the rekordbox brand and DJ hardware under the Pioneer DJ and AlphaTheta brands. ATC also supplies WeDJ, a mobile/tablet-only DJ software app. • Serato Audio Research Limited (Serato): Serato is a New Zealand-based company that supplies DJ software for use on laptops and desktops under the Serato DJ brand. Background Background On 11 July 2023, that parties announced