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Served With A Winding Up Petition

A Winding Up Petition is the most serious action a creditor can take against a Company; by petitioning to liquidate (liquidation is the process of bringing a business to an end and distributing its assets to claimants) the company as it is unable to meet its liabilities as and when they fall due. Unless steps […]

Directors’ general duties under the Companies Act 2006

While the Companies Act 2006 provides that the general duties are based on, and have effect in place of, certain common law rules and equitable principles (section 170(3)), it also provides that: The general duties should be interpreted and applied in the same way as the common law rules and equitable principles. The general duties […]

Contractual Disputes

A contractual dispute is when a party to a contract has a disagreement concerning the terms or definitions. If handled poorly, contractual disputes can be costly and timeconsuming, end up in court and damage a company’s business relationships and reputation. So, what should do if you’re on the receiving end of a contract dispute involving […]

Boardroom and Shareholder Disputes

Boardroom and shareholder disputes can arise for many reasons. disagreements over the direction and development of the company poor personal relationships conflicts of interest (because a director has interests in another business) a lack of performance on the part of one shareholder/director, the terms of directors’ service contracts, or concern over whether the board is […]