News & Publications - Company & Commercial
Emergency Budget Announced
On 18 May 2010, the coalition government announced that George Osborne will deliver an Emergency Budget on Tuesday 22 June 2010. Deep spending and tax cuts are expected in an attempt to address the £163bn budget deficit.
IS THERE A GLIMMER OF HOPE FOR BUSINESSES IN A HUNG PARLIAMENT?
Britain today awoke to a hung Parliament for the first time since 1974. The media’s instant reaction has been doom and gloom. At Rochman Landau we have taken a step back from the political maelstrom and considered whether there might actually be some opportunities for businesses in this uncertain time.
Virtual Closings and the Mercury Tax Case - Is a physical closing/completion meeting required now?
The Mercury Tax Case (more formally R (on the application of Mercury Tax Group and another) v HMRC [2008] EWHC 2721)) provides a salutary reminder that form is sometimes more important than substance.
Prior to Mercury it had become common and accepted practice for pre-signed signature pages to be circulated among the parties at a virtual, that is, non-physical closing where the signature pages were exchanged by email or fax.
But in Mercury the judge held that the signatur... read more
Final Implementation of Companies Act 2006 means less Bureaucracy for Private Companies
While it has taken 3 years for final implementation of the 2006 Companies Act, many of the remaining provisions, which are due to come into force on 1 October 2009, mean a welcome reduction in the administrative burden on private companies.
The memorandum of association will be a vastly simplified document, with the 'Objects Clause', which governed what businesses a company could carry on, disappearing along with the statement of the authorised share capital with which the com... read more