New guidelines on disapplying pre-emption rights

The Pre-Emption Group (PEG) has published a revised Statement of Principles for the disapplication of pre-emption rights, along with new template resolutions. PEG is the group that represents listed companies, investors and intermediaries, and issues best practice guidance and documents for companies’ annual resolutions to disapply pre-emption rights. The revised Principles implement one of the recommendations of … Read more

Economic Crime Act 2022 – commencement of further provisions relating to the new register of overseas entities owning UK property

Regulations have been made commencing the remaining provisions of the Economic Crime (Transparency and Enforcement) Act 2022 (ECA) relating to the new register of overseas entities owning UK property. The new register of overseas entities owning UK property, introduced by the ECA and operated by Companies House, came into effect on 1 August 2022. The ECA requires overseas entities that … Read more

Supreme Court ruling on duty to creditors

The Supreme Court has published its long-awaited judgment in BTI 2014 LLC v Sequana SA and others ([2022] UKSC 25) which discusses when directors of a company in financial difficulties should consider the interests of the company’s creditors. The majority in the Supreme Court has: affirmed the existence of the duty to consider the interests of creditors; … Read more

Reform of Companies House

The Government has laid the Economic Crime and Corporate Transparency Bill (ECCT Bill) in Parliament which contains, among other things, draft amendments to the Companies Act 2006 to facilitate the reform of Companies House. The ECCT Bill follows an initial consultation in 2019, three follow-up consultations in 2020 and the white paper containing the Government’s … Read more

FRC guidance on running an effective AGM

The FRC has published Good practice guidance for companies on running an effective AGM and maximising shareholder engagement, particularly in light of the increased use of hybrid meetings where shareholders can attend and vote either in person or remotely. The guidance sets out a series of principles and then gives detail on how those principles can be … Read more

‘On the horizon’ podcast

We have released our ‘on the horizon’ podcast, which is a short summary of the more material developments we expect to see in the next 6-12 months that will be of interest to listed companies. The podcast is available here: ‘on the horizon’ podcast. Read more