Read more about Directors & Shareholders Disputes
Quorum provisions in a company’s constitution can enable a shareholder to cause a deadlock in the company simply by his refusing to attend meetings. The Companies Act 2006 allows the court to come to the rescue in these situations, as the case of Smith v Butler illustrates. Read more
A managing director should not assume that he has more powers than his co-directors unless the company’s articles permit it and the board has specifically delegated certain authority to him.
On 1 March 2012, the tax treatment of distributions made by companies which are about to be struck off the register changed. Companies and their owners may now face the additional cost of a formal winding up to secure the best tax treatment for shareholders.
In R (Ford) v FSA  EWHC 2583 (Admin), the FSA, for the first time, lost a judicial review into one of its own investigations. Ford examines the impact of privilege on situations where advice is provided both to a company and its directors whose interests conflict. Read more