Shareholders Agreement in UK Law
-
Current Developments in the BCCI Affair
Since the collapse of the Bank of Credit and Commerce International (BCCI) there has been a plethora of BCCI related litigation. This article considers the latest developments in the BCCI saga whil.........Under the scheme BCCI's majority shareholders, the Government and ruling family of Abu Dhabi, must pay $1.8bn towards a ... brought by creditors as a result of the present compensation agreement.2 The initial pay-ment of $1.55bn is calculated to reimburse some 250,000 ......
-
MIXED COMPANIES AND LOCAL GOVERNANCE: NO MAN CAN SERVE TWO MASTERS
This article looks at the use of institutionalized public–private partnership (PPP) arrangements by local governments for the delivery of different types of infrastructure. It starts by analyzing t......... for internal regulation and the achievement of a relational agreement. Then, after discussing the practicalities of crafting this type of ...shareholders’ agreement (setting the rights and duties of each partner and ......
-
Bull's-eye market: will large companies in the UK soon embrace the American fashion of issuing targeted stock? Samuel Idowu, Anthony Brabazon and Kojo Menyah explain what targeted stock is--and what it can offer as a financial management tool.
......Unlike typical ordinary shareholders, investors in tracking stock don't have a direct ownership stake in the ...Liquidation rights are often defined in the shareholders' agreement relating to the targeted stock. The parent company may retain conversion ......
-
A Director's Duty of Loyalty and the Relevance of the Company's Scope of Business: Cheng Wai Tao v Poon Ka Man Jason
The Hong Kong Court of Final Appeal has utilised a ‘scope of business’ inquiry to delineate the boundaries of the no‐conflict rule for the company director. Such an inquiry is directed at discernin......... partners had, pursuant to what was referred to as the ‘2004 Agreement’, decided to apply this particular modus operandi to their proposed ... Court found that Smart Wa ve ‘was nev er intended by its shareholders to have the exclusi ve right to carry on the sushi restaurant business’ ......
-
The cheques for the posts.
..."Spent forces" (September) argues that shareholders have become "willing to do something" about excessive payments to failed ... next meeting of shareholders, who could be asked to ratify the agreement. Of course, these changes will not be introduced--there are far too many ......
-
Receivers and the Rights of Secured Creditors under Bermuda Law
...... of title clause or a negative pledge or subordination of rights agreement. . 15.17 In Bermuda, there are two types of quasi security worth special ... ); (6) subordinated unsecured creditors; (7) preferred shareholders; (8) ordinary shareholders. . Employee claims . 15.30 Employee ......
-
Contracting Out of Company Law: Section 459 of the Companies Act 1985 and the Role of the Courts
...... of contracts between those various corporate actors - shareholders, directors, creditors, employees, etc - interested in the affairs of ... Points of Agreement with the Contractual Theory Much of the contractarian analysis has ......
-
Excessive Remuneration and the Unfair Prejudice Remedy
...... has been to require greater disclosure and to provide shareholders with an advisory vote on the remuneration report.11Companies Act 2006 s ...The first is that breaches of an agreement concerning directors’ entitlement to remuneration, or the process by ......
-
Three Faces of Justice and the Management of Change
The apparatus of legal principles we use has, far more than we realise, transformed the way we think about the control of private power in the name of social justice. The actual sort of equity that........., is usually understood to be a species of property of its shareholders. However, because of its sustained and potentially intrusive effect on the ... contract of employment; at the next stage is the collective agreement; at the next, statutory protections, such as protection from dismissal ......
-
You can quote us on that: a stock market flotation brings with it a whole raft of new responsibilities for a company's management team, but the technical regulations could turn out to be the least of its worries. Mike Brooks describes the oft-conflicting stakeholder interests that need to be considered before a business goes public.
...... of a growing business and the implications of bringing new shareholders into a firm previously owned by its founders. In tiffs article, the last ... have made provision for this in their original investment agreement, so the founder shareholders may have to restrict the amount of stock they ......
See all results