Landlords who want to obtain vacant possession of premises at the end of a tenancy benefitting from the security of tenure protections in the Landlord and Tenant Act 1954 (“the Act”) often use the redevelopment and own occupation grounds in sections 30(1)(f) and (g) of the Act to resist the grant of a new tenancy. On 13 May 2024, however, [...]
Companies House can strike a company off its register via a process called involuntary strike off. In fact, according to R3, the trade association for the UK’s insolvency and restructuring professionals, over 500,000 companies in the UK are struck off the register and dissolved each year, with around 95% being via this process just for failing to file accounts or [...]
The King's Speech: Enhancing Employment and Renters' Rights His Majesty King Charles III has set out the government’s priorities and proposed policies for the next parliamentary session at the State Opening of Parliament last week. Amongst other proposals, the reform of employment law, a pillar of Labour’s election campaign, along with the Renters’ Rights Bill has drawn our attention. Employment [...]
FUJIFILM Business Innovation Corp. (Fujifilm) and Konica Minolta, Inc. (Konica) have agreed to establish a joint venture company to co-ordinate the procurement of raw materials and parts by signing a shareholders’ agreement on the 8 July to form a strategic alliance in the printer segment. Such an alliance would seek to leverage both parties’ extensive supplier networks to strengthen their [...]
Directors owe seven general statutory duties under the Companies Act 2006 (Act). What happens when these duties have not been complied with? These duties are: act within the powers of the company’s constitution promote the success of the company exercise independent judgement exercise reasonable care, skill and diligence avoid conflicts of interest not accept benefits from third parties to declare [...]
Section 155 of the Companies Act 2006 (Act) provides that a company must have at least one director who is a natural person. But imagine a limited company with only two directors, one being a natural person and one being a corporate director. What happens when the 'natural person' has resigned as a director, or died and you are left [...]
In Drax Smart Generation Holdco Ltd v Scottish Power Retail Holdings Ltd [2024] EWCA Civ 477, the Court of Appeal held that the High Court had erred in finding that a buyer's notice of a warranty claim under a share purchase agreement was insufficient because it had failed to state in reasonable detail the amount claimed and the buyer's calculation [...]
In RTI Ltd v MUR Shipping BV [2024] UKSC 18, the contract contained a clause stating that neither party would be liable for a failure or delay in performance caused by specified force majeure events and included a proviso that an event would only be a force majeure event if "it cannot be overcome by reasonable endeavors from the Party [...]
Companies House has begun its phased rollout of new powers in order to tackle economic crime. The first set of changes introduced on the 4 March 2024 include: Greater powers to query information and request supporting evidence Stronger checks on company names New rules for registered office addresses - all companies must have an appropriate address at all times and [...]
As part of Teacher Stern’s career growth and recognition of growing senior experience and responsibility, the Firm has made the following promotions. The following Senior Associates have now been promoted to Legal Directors: Amy Bennett-Mitchell Arran Brooker Heledd Jones Luke Turtle The following Associates have now been promoted to Senior Associates: Atousa Jones-Saddighzadeh Elizabeth Parker Kira Lipinski Managing Partner, David [...]
