Company Finance in UK Law
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Mea Corporation Ltd, Re; Secretary of State for Trade and Industry v Aviss
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Now that Morritt LJ has explained that the role of a shadow director does not necessarily extend over the whole range of the company's activities, it seems to me that there is no conceptual difficulty in concluding that a person can be both a shadow director and a de facto director simultaneously.
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Bradbury v English Sewing Cotton Company Ltd
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Their taxation would seem to be logical, but it would be destructive of joint stock company enterprise, so the Act of 1842 has, apparently, proceeded on the idea that for revenue purposes a joint stock company should be treated as a large partnership, so that the payment of income tax by a company would discharge the quasi-partners. The reason for their discharge may be the avoidance of double taxation, or to speak accurately, the avoidance of increased taxation.
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Kevin Hellard and Another v Horacio Luis De Brito Carvalho
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It is clear that established, definite insolvency before the transaction or dealing in question is not a pre-requisite for a duty to consider the interests of creditors to arise. If, on the other hand, a company is going to be able to pay its creditors in any event, ex hypothesi there need be no such constraint on the directors.
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Re Horsley & Weight Ltd
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If the company could not afford to pay out £10,000 and was doubtfully solvent so that the expenditure threatened the continued existence of the company, the directors ought to have known the facts and ought at any rate to have postponed the grant of the pension until the financial position of the company was assured.
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Phillip Roberts (as Liquidator of Onslow Ditchling Ltd) v Peter Frohlich and Another
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In my judgment each ought to have concluded at or about 1 September 2004 (certainly by ( say) 14 September 2004) that there was no realistic prospect of avoiding an insolvent liquidation.
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Colin Thomas Burke (Liquidator of Idessa (UK) Ltd) and Another v John Morrison and Another
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I am satisfied that whether it is to be viewed strictly as a shifting of the evidential burden or simply an example of the well-settled principle that a fiduciary is obliged to account for his dealings with the trust estate that Mr Aslett is correct to say that once the liquidator proves the relevant payment has been made the evidential burden is on the Respondents to explain the transactions in question.
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Re British & Commonwealth Holdings Plc (No 2)
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The proper case is one where the administrator reasonably requires to see the documents to carry out his functions and the production does not impose an unnecessary and unreasonable burden on the person required to produce them in the light of the administrator's requirements.
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Finance Act 2021
... ... (3) The remaining provisions of this section deal with a case where a company has an accounting period (a “straddling period”) beginning before 1 April 2023 and ending on or after that date ... (4) For the purpose of ... ...
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Corporate Insolvency and Governance Act 2020
... ... “(1) This Part contains provision that enables an eligible company, in certain circumstances, to obtain a moratorium, giving it various ... Act 2000 (Regulated Activities) Order 2001, or(ii) an alternative finance investment bond within the meaning of article 77A of that Order;(d) ... ...
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Inland Navigation Act (Northern Ireland) 1954
... ... the Ministry of Commerce the undertakings of the Lagan Navigation Company and the Upper Bann Navigation Trustees, to empower the said Ministry and he Ministry of Finance to exercise certain functions in relation to those undertakings and for ... ...
- Ship Mortgage Finance Company Act 1962
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Tony Chapman has been appointed group finance director and company secretary of Discovery Holdings, Discovery Foods and sister company and food manufacturer Sonora Foods.
...Tony Chapman has been appointed group finance director and company secretary of Discovery Holdings, Discovery Foods and sister company and food manufacturer Sonora Foods. Chapman has worked at finance director level in the food industry for more than......
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Neil Morrison ACMA has been appointed finance director and company secretary of both Dohler (UK) and Dohler NFI, two UK subsidiaries of the Royal Cosun Group.
...Neil Morrison ACMA has been appointed finance director and company secretary of both Dohler (UK) and Dohler NFI, two UK subsidiaries of the Royal Cosun Group. In his new role, Morrison will be responsible for finance, IT and HR (including salary admi......
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Led by finance: roshan liyanage ACMA CGMA, divisional manager, treasury, at Sri Lankan fashion company MAS active, describes how the finance function transformed in line with the group's adoption of the lean enterprise principle.
...THE BACKGROUND MAS Active is a division of MAS Holdings, a clothing manufacturer specialising in undergarments and swimwear. Its finance function operated as a shared-services centre, structured into financial accounting, management accounting and tr......
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Led by finance: nash lakha AGMA, CGMA, chairman of dairy company parmalat canada, was CFO when a giant fraud was detected at its italian parent. He describes how the subsidiary survived--and prospered--as a separate entity.
...THE BACKGROUND We were in a precarious situation when details of the multi-billion-euro fraud at corporate level were revealed in December 2003. We were renegotiating some of our recurring debt obligations at the time, and a lot of cross defaults wer......
- Growth Company Corporate Finance In London: A Lawyer's Perspective
- FCA Enforcement Action ' Former CFO And Finance Director Of AIM-listed Company Convicted For Misstated Results
- FCA Enforcement Action ' Former CFO And Finance Director Of AIM-listed Company Convicted For Misstated Results
- English Court Decision: Canary Wharf Finance II Plc v Deutsche Trustee Company Limited Et Al.
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Financial statement for a financial order (Matrimonial Causes Act 1973 / Civil Partnership Act 2004) / for financial relief after an overseas divorce etc
Forms to apply for a divorce, dissolve a civil partnership or legally separate, including the D8 application and financial order forms.... ... on any mortgage by contacting your mortgage company. You can also get your Land ... Registry title number from Land Registry ... annual cost of each item. It should include, for example, finance payments where a ... car or household goods are being purchased on credit ... ...