Category Archives: Company law

Closing a limited company

Although a limited company can be established in a matter of hours in the UK, and for as little as £50-£100, closing down a limited company is considerably more complex. The best method applicable to closing down a limited company depends on whether that company is solvent or insolvent (i.e. whether it still has outstanding […]

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Pre-emption rights for shares

Pre-emption rights for shares are the rights for an existing shareholder of a company to be offered new shares in that company before those new shares are then offered to non-shareholders publicly. These rights state that new share issues have to be offered to existing shareholders at the same price (or a more favourable price) […]

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Fiduciary duties

In broad legal terms, fiduciary duty is an obligation on one party to act in the best interest and good faith of another party. Fiduciary duties are foundation behind the idea of good faith and confidence. Fiduciary relationship can only exist when one person trusts the other and the other fully accepts the duties and […]

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The importance of deadlock and drag and tag clauses in shareholder agreements

Shareholder agreements – deadlock You have formed a company and you have carefully considered the worst case scenario of what to do in the event of deadlock. Hopefully your draft shareholders agreement is taking shape. What to do if one party wants to sell and the other(s) do not ? Is that shareholder free to […]

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