Recent additions to Corporate Notes

Updates recently added to our Corporate Notes blog include the latest developments for corporate practitioners regarding Covid-19; amendments to the UK merger control regime targeting foreign direct investment; and the draft Regulation published by the European Commission in respect to the takeover exemption. Read more

Covid-19 – latest developments for corporate practitioners

Further guidance for companies has been published in light of the Covid-19 pandemic. Corporate reporting FRC Lab reports – The Financial Reporting Council’s (FRC) Financial Reporting Lab has published two reports which seek to give companies practical guidance on corporate reporting, and investor expectations, in light of the Covid-19 pandemic. Covid-19 – Resources, action, the … Read more

Amendments to UK merger control regime targeting foreign investment

The UK government has announced two amendments to the UK merger control regime, which will enhance its powers to scrutinise certain foreign direct investment (FDI) into the UK, against the backdrop of the Covid-19 pandemic and wider national security concerns. These amendments come ahead of the National Security and Investment Bill, which is expected to … Read more

Draft Regulation for the takeover exemption

The European Commission has published for consultation a draft Delegated Regulation and Annex setting out the information that companies must disclose in an “exemption document” when relying on the exemption under the Prospectus Regulation from the requirement to publish a full prospectus when offering securities in connection with a takeover (PR Art 1(4)(g)). Under the … Read more

Recent additions to Corporate Notes

Updates recently added to our Corporate Notes blog include the latest developments for corporate practitioners regarding Covid-19; proposed insolvency reforms and the impact on supply chains and their customers; terms of reference for risk committees; guidance for directors signing off accounts published in the European single electronic format; FCA guidance for industry regulators on handling … Read more

Covid-19 – latest developments for corporate practitioners

Further additional guidance for companies has been published in light of the Covid-19 pandemic. Company meetings FRC and BEIS Q&A on company meetings – The Financial Reporting Council (FRC) and Department of Business, Energy and Industrial Strategy (BEIS) have published updated Q&A and best practice guidance on AGMs and other general meetings, pending the Corporate … Read more

Proposed insolvency reforms – impact on supply chains and their customers

As previously noted, the new Corporate Insolvency and Governance Bill, currently expected to be enacted in mid-June 2020, is likely significantly to impact many supplies of goods and services to companies that are or may be in financial distress. However, the effects are sufficiently far-reaching that they could impact the balance of rights in all supply chains … Read more

Terms of reference for risk committees

ICSA: The Chartered Governance Institute has published a guidance note and terms of reference for risk committees. The guidance note and terms of reference reflect the risk management requirements of the 2018 edition of the UK Corporate Governance Code and the 2014 FRC Guidance on Risk Management, Internal Controls and Related Financial and Business Reporting. … Read more