Government to extend merger regime to smaller firms

The government has announced plans to tighten the regulations covering mergers between companies operating in sensitive areas that could affect national security. The changes are targeted at firms that design or manufacture military and dual use products, and parts of the advanced technology sector. Currently in these areas, the government can only intervene in mergers

De facto directors and the consequences

A “director” includes any person occupying the position of director no matter what they are called. This definition appears in both the Companies Act 2006 and Insolvency Act 1986. It is clear then that the reality of any given situation is crucial in determining whether an individual is a director and that you cannot escape

Acquisitions: Contractual Comforts

Unlike say for a consumer, the buyer of shares or assets be warned; the law provides no statutory or common law protection as to the nature and extent of the assets or liabilities you are acquiring. It is therefore usual for the buyer to negotiate certain forms of contractual protection into the purchase agreement for

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