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 [...]
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 [...]
Everyone is talking about ChatGPT and AI generally. It has come close to passing the multiple-choice part of the US bar exam and has earned passing grades on law school essays that resemble ones written for the exam. Microsoft has invested billions and has added it to its search engine, Bing, in the hope that it will catch up ground lost to Google. As AI becomes [...]
Barclays have set up a training contract where participants will spend half their time at TLT or Simmons & Simmons (i.e. in private practice) and the other half in house at Barclays. At the end of the training contract, trainees can apply for nq positions at any of the three organisations. This course, along with the SQE, is another way [...]
