News

Reductions in share capital under the Companies Act 2006
15 January, 2009

The Companies Act 2006 has introduced a new procedure for reductions in the share capital of private companies.  This article summarises the new procedure.    1 Introduction A new procedure, both cheaper and simpler than its predecessor, has been introduced so that a private company can reduce its share capital by passing a special resolution supported by […]

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Directors Duties – Conflicts of Interest
18 November, 2008

CONFLICT OF INTERESTS AND THE RELATED AUTHORISATION PROCESS   This article looks at how directors should approach actual or potential conflicts of interests having regard to the provisions of the Companies Act 2006.   INTRODUCTION   On the 1 October 2008 a new duty was placed on company directors to avoid situations in which they […]

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