A range of precedents including 15 versions of the share purchase agreement. They’re supported with a suite of additional clauses to cover off different transaction structures.
Guidance with key actions for shares you’ve issued or allotted to stakeholders. Practice Notes and Q&As take you through procedures needed by statute, analyse developments in case law, and tackle tricky technical points.
Weekly highlights newsletter feature the latest key news stories by topic. It’s supplemented by a horizon-scanning document, looking at key developments affecting corporate lawyers in the months ahead.
One day you might be advising an entrepreneur on a new start up. Another you’re facilitating a fundraising on the financial markets. Whatever the challenge, Lexis+ Corporate is the place to start.
This week's edition of Corporate weekly highlights includes news of the FCA publishing the UK Stewardship Code 2026, launching of a consultation on...
The Financial Conduct Authority (FCA) has published Policy Statement PS25/5, introducing the new Enforcement Guide (ENFG), which replaces the previous...
The Financial Reporting Council (FRC) has published the UK Stewardship Code 2026, which will come into effect on 1 January 2026. The Code, developed...
This week's edition of Corporate weekly highlights includes an update on when final FCA rules on Private Intermittent Securities and Capital Exchange...
The Financial Reporting Council (FRC) has finalised amendments to the FRS 101 Reduced Disclosure Framework, following its December 2024 consultation....
Stamp duty on transfers—consideration and calculationFORTHCOMING CHANGE relating to the modernisation of stamp taxes on shares framework: Following...
Stamp duty reliefs—intra-group, reconstruction and acquisition reliefsFORTHCOMING CHANGE relating to the modernisation of stamp taxes on shares...
Venture capital investmentVenture capital is a type of private equity investment provided to early stage, start-up businesses with little or no...
Provision of information during an offerThe rules of The City Code on Takeovers and Mergers (Code) regarding the provision of information during an...
AGM season 2023—investor voting and key trends—Market Standards Trend Report [Archived]ARCHIVED: This content was published in 2023 and is not...
Stamp duty adjudication letterFORTHCOMING CHANGE relating to the modernisation of stamp taxes on shares framework: Following the call for evidence in...
Application letter—stamp duty group relief—FA 1930, s 42FORTHCOMING CHANGE relating to the modernisation of stamp taxes on shares framework: Following...
Auditor’s statement of reasons—public interest companyTo:The Directors[insert company name] [LTD OR PLC][insert address][insert date]Dear [Directors...
Offeree defence document—additional information and definitionsPart 2Additional information 1ResponsibilityThe Directors each accept responsibility...
Resolution removing an auditorOrdinary resolutionThat [insert name of auditor] be removed as...
Separate legal personality and the corporate veilCorporate legal personality—the Salomon principleA properly formed registered company is a separate...
A company’s constitutionWhat is a company's constitution?A company’s 'constitution' is defined under the Companies Act 2006 (CA 2006) as...
Allotment and issue of shares—fundamentalsSTOP PRESS: A significant restructuring of the UK listing regime came into effect on 29 July 2024, which...
Private companies limited by sharesThis Practice Note summarises the main features of a private company limited by shares. It also covers key...
Holding an AGM of a private company or unlisted public companyThis Practice Note summarises the law, guidelines and market practice relating to the...
Removal of a directorThis note should be read in conjunction with Practice Note: Appointment, retirement and resignation of a director.For an...
Unlimited companiesThis Practice Note summarises the main features of an unlimited company and why an unlimited company might be used as a vehicle to...
Loan notes—fundamentalsThis fundamentals note considers some of the key characteristics of loan notes which may be issued by a private limited company...
Private equity investment—ratchetsA ratchet in private equity is a mechanism to vary the amount of equity held by founders, managers and employees...
Directors’ remunerationCompany directors are not, by virtue only of their office as director, automatically entitled under company law to remuneration...
Drag along and tag along—fundamentalsDrag along and tag along rights are common provisions in private equity (PE)/venture capital (VC) and corporate...
A guide to share purchase agreementsThis Practice Note provides an overview of the agreement for the sale and purchase of shares in a private limited...
Transfer of shares—law and procedureThere are a number of circumstances in which shares in a company may be transferred, the most common of which are...
Companies limited by guaranteeWhat is a company limited by guarantee?Limited companies can be either limited by shares or by guarantee. A company...
Quorum requirements for general meetings (including AGMs)This Practice Note summarises the law relating to quorum requirements for a company’s general...
Company records—a company's statutory registersThe Companies Act 2006 (CA 2006) requires companies to keep the following statutory registers:•the...
Fiduciary duties of directorsThis Practice Note summarises the traditional fiduciary duties of company directors, including the duty to act in the...
Share certificatesShares in a company can be issued as certificated shares or uncertificated shares.Shares issued by private companies and unlisted...
A calculator tool found in Lexis®Calculate, which will calculate the date that notice of a company's AGM should be sent to shareholders (based on the proposed meeting date) or the earliest date on which a company can hold its AGM (based on when notice is to be sent).
When a firm's shares start trading on a formal stock exchange, such as the LSE, NASDAQ or the NYSE. This is probably the most profitable exit route for entrepreneurs and their financial backers.
Broadly, a micro-entity is a company which satisfies two or more of the following requirements: —it has a turnover of not more than £632,000 —it has a balance sheet total of not more than £316,000 (ie the aggregate of the assets as shown in the balance sheet), or —it has no more than 10 employees The classification originally derives from the Micro-entities Directive (2012/6/EU) which sought to introduce a less onerous accounting regime for the smallest of companies. It was implemented in the UK by the Small Companies (Micro-Entities' Accounts) Regulations 2013 (SI 2013/3008), which came into force on 1 December 2013 and introduced a new financial reporting regime for companies that qualify as micro-entities.