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 [...]
It’s been a century since several trailblazing women changed the legal landscape in the UK, and paved the way for generations to come. In 1919, the Sex Disqualification (Removal) Act opened the profession to women. By 1922, the first women in law were qualifying. Ivy Williams was the first woman to be called to the English bar, followed by Helena Normanton. Two [...]
In March 2024 the EU Parliament adopted the AI Act. Providers and users in the UK will not be directly impacted by it. Having said that, it is likely that AI systems that are used in the UK and the EU will be adapted to meet EU standards to reduce the likelihood of non-compliance. The UK will catch up at [...]
Amazon first introduced its “Just Walk Out” technology in 2016. This allowed Amazon Fresh shoppers to select items, scan a code / their payment card and walk out without going to a cashier. It turns out that their technology wasn't good enough to do this without recruiting 1,000 staff in India to review camera footage. 70% of transactions required such [...]
