Source: https://es.b-ok.org/book/2472179/f8c938
Timestamp: 2019-10-16 09:09:59
Document Index: 363181772

Matched Legal Cases: ['art 26', 'UKPC ', 'EWCA ', 'EWCA ', 'UKPC ', 'UKPC ', 'arte 8', 'EWCA\n', 'EWCA ', 'EWCA ', 'EWCA ', 'UKSC ', 'EWCA ', 'EWCA ', 'EWCA ']

Unlocking Company Law | Sue McLaughlin | download
Principal Unlocking Company Law
Company law is a vibrant and fast-moving area of the legal system. Unlocking Company Law will ensure that you grasp the main concepts with ease providing you with an essential foundation to company law.
The Unlocking the Law series is designed specifically to make the law accessible. Each chapter opens with a list of aims and objectives, contains activities such as quick quizzes and self-test questions, key facts charts to consolidate your knowledge, and diagrams to aid learning. Cases and judgments are prominently displayed, as are primary source quotations. Summaries help check your understanding of each chapter, and there is a glossary of legal terminology.
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directors1218
shares1201
shareholders960
ltd874
shareholder702
indb468
statutory389
duties386
corporate379
resolution322
winding281
provisions268
breach244
insolvency220
profits201
governance195
contracts182
equity180
per cent165
bclc164
charges160
debts156
debt154
payment149
partnership146
register144
transaction142
securities142
corporate governance140
registrar137
issued134
disclosure134
loan134
financing132
creditor131
plc129
board of directors128
directive127
registration127
limited liability126
takeover124
regulation123
incorporation123
equitable123
insolvency act122
remedies122
pursuant119
voting118
transactions116
secured115
provision115
vote112
entitled112
liquidator109
Языки Индии, Пакистана, Непала и Цейлона: Материалы научной конференции 18-20 января 1965 года
Бескровный В.П., Быкова Е.М., Липеровский В.П. (редкол.)
Языки Азии и Африки
Андронов М.С. (отв. ред.)
File: DJVU, 7.75 MB
■■ the legal structures of different types of business organisations
■■ shareholders, shares and share capital
■■ directors’ duties
■■ transparency.
This 2nd edition is fully up-to-date with the latest developments in the law, including all significant new
cases. It also contains new material on rescuing troubled companies and takeovers.
Susan McLaughlin LLM FHEA is Senior Lecturer in law at Nottingham Law School.
The UNLOCKING THE LAW series is designed specifically to make the law accessible. Features include:
■■ aims and objectives at the start of each chapter
■■ key facts charts to consolidate your knowledge
■■ diagrams to aid learning
■■ summaries to help check your understanding of each chapter
■■ problem questions with guidance on answering
■■ a glossary of legal terminology
The series covers all the core subjects required by the Bar Council and the Law Society for entry onto
professional qualifications, as well as popular option units.
The website www.unlockingthelaw.co.uk provides supporting resources such as multiple choice
questions, key questions and answers and updates to the law.
Series editors: Jacqueline Martin LLM has ten years’ experience as a practicing barrister and has taught
law at all levels. Chris Turner LLM is Senior Lecturer in law at Wolverhampton University.
Law/Company Law
www.unlockingthelaw.co.uk
Routledge titles are available as eBook editions in a range of digital formats
U n l o c k i n g t h e l a w
Company law is a vibrant and fast-moving area of the legal system. UNLOCKING COMPANY LAW
will ensure that you grasp the main concepts with ease and provide you with an essential foundation
to company law. The book explains in detailed yet straightforward terms important concepts including:
UnlockingCompanyLaw_71013.indb 1
01/02/13 7:44 PM
Second edition published 2013
© 2013 Susan McLaughlin
The right of Susan McLaughlin to be identified as author of this work has been asserted by her
in accordance with sections 77 and 78 of the Copyright, Designs and Patents Act 1988.
First edition published by Hodder Education 2009
A catalog record for this title has been requested
ISBN: 978-1-4441-7101-3 (pbk)
ISBN: 978-0-203-77907-1 (ebk)
Typeset in Palatino-Roman 9.5/12 pts by Datapage (India) Pvt. Ltd.
UnlockingCompanyLaw_71013.indb 2
Guide to the book
Prefacexiv
Table of Cases
Table of Statutory Instruments
Table of Legislation
UnlockingCompanyLaw_71013.indb 3
Introduction to company law 
Who this book is for
What we mean by ‘company law’
1.2.1 Core company law
1.2.2 Insolvency law
1.2.3 Securities regulation
1.2.4 Corporate governance
Sources of company law
1.3.1 Legislation
1.3.2 Case law
1.3.3 Foundation legal knowledge and company law
Historical development of company law
1.4.1 The first registered companies
1.4.2 Limited liability for company members	
1.4.3 The model company for which company law was designed
1.4.4 Single member and closely held companies
1.4.5 Twentieth century developments
European Union company law initiatives
1.5.1 Core company law harmonisation
1.5.2 The Financial Services and Company Law Action Plans
1.5.3 Freedom of establishment and cross-border mobility
1.5.4 The future of EU company law 
The Company Law Review and the Companies Act 2006
Evaluating the Companies Act 2006
2	Legal structures of business organisations 
Categorising private businesses in the UK
2.2.1 Categorisation of private businesses by legal ­structure
2.2.2 Categorisation of private businesses by size
2.2.3 Categorisation relevant to determining applicable laws
Unincorporated business organisation legal structures
2.3.1 Sole traders
2.3.2 Partnerships
Incorporated business organisation legal structures
2.4.1 Registered companies 
2.4.2 Limited liability partnerships (LLP)
2.4.3 Chartered and statutory corporations
UnlockingCompanyLaw_71013.indb 4
Partnerships, LLPs and Registered Companies compared and contrasted
Social enterprise private legal structures
2.6.1 Unincorporated associations
2.6.2 Charitable incorporated organisations (CIO)
2.6.3 Community interest companies (CIC)
2.6.4 UK mutual organisations
European organisation legal structures
2.7.1 European business organisation structures
2.7.2 European social economy entity structures
3	The company as a distinct and legal person 
The registered company as a corporation
What is a corporation?
The consequences of incorporation/separate legal personality
Salomon v A Salomon & Co Ltd 
3.4.1 The first instance and Court of Appeal decisions
3.4.2 The House of Lords decision
3.4.3 Separate legal personality and insurance
Limited liability: a concept distinct from separate legal personality
3.5.1 Limited and unlimited companies
3.5.2 Shareholder payments to a company that is trading
3.5.3 Shareholder payments to a company that is being wound up
3.5.4 Justifications for limited liability
Corporate groups and separate legal personality
Limits on the implications of incorporation/separate legal personality
3.7.1 Typical scenarios
3.7.2 Self-help action to mitigate the consequences of incorporation
3.7.3	Piercing the corporate veil: court-developed limits on the
consequences of incorporation
3.7.4 Statutory provisions supplementing available remedies
4	Company formation and linked issues
Registering a UK company
4.1.1 Where to register	
4.1.2 Registration requirements: general
4.1.3 Registration requirements: submitting an a­ pplication to register
Specialist company formation companies
Company numbers and names
4.3.1 Company numbers 
4.3.2 Company names
4.3.3 Names and the phoenix syndrome
Promoters
Transferring a business to a company
Pre-incorporation contracts
4.6.1 What is a pre-incorporation contract?
4.6.2 What is meant by ‘subject to any agreement to the contrary’?
4.6.3 Can the person made liable by s 51 enforce the contract?
4.6.4 Can a company ratify or adopt a pre-incorporation contract?
4.6.5 How can a company become a party to a pre-incorporation contract?
5	The constitution of the company
What is the constitution of a company?
Pre-Companies Act 2006 constitutions
The objects and capacity of a company
5.3.1 Pre-Companies Act 2006 companies 
5.3.2 Companies registered under the Companies Act 2006
The Articles of Association
5.4.1 What are the articles of association?
5.4.2 Drafting articles and model articles
5.4.3 Ascertaining the articles of association
5.4.4 Content of the articles of association
5.4.5 Effect of the articles of association
Amending the articles of association
5.5.1 Statutory provisions governing amendment
5.5.2 Contractual provisions affecting amendment
5.5.3 Court-developed restrictions on amendment
Contracts with terms derived from the articles
Shareholders’ agreements
5.7.1 Matters addressed in shareholders’ agreements
5.7.2 Who is party to a shareholders’ agreement?
5.7.3 Enforcing shareholders’ agreements
5.7.4 The effect of the enforceability of shareholders’ agreements
6	Financing a company
Types of corporate financing
Lease financing
Debt financing: creditors
6.4.1 Overdraft facilities
6.4.2 Simple loan contracts
6.4.3 Syndicated loans
6.4.4 Subordinated loans
6.4.5 Debt securities
6.4.6 Secured lending
6.4.7 Debentures
Equity financing: shareholders
6.5.1 No shareholder right to receive payment for equity capital 
6.5.2 No shareholder right to receive share capital back from the company
6.5.3 The composition of share capital
6.5.4 Nature of the relationship between a shareholder and the company
Hybrid financing
7	Shareholders, shares and share capital
UnlockingCompanyLaw_71013.indb 5
Re-registration of a company
4.7.1 From private to public
4.7.2 From public to private
Shareholders
7.2.1 Who is entitled to the residual wealth of a company? 
7.2.2 How may shareholders realise the residual wealth of the company?
7.2.3 Who is required to contribute to a company with unpaid debts?
Legal nature of a share
7.3.1 Share as a bundle of rights and liabilities
7.3.2 Presumption of equality of shares and classes of shares
Share capital
7.4.1 The old regime: authorised share capital 
7.4.2 The new law: share capital statements
7.4.3 The new law: the language of share capital
Alteration of share capital
7.5.1 Increasing the share capital
7.5.2 Reduction of share capital
Offering shares to the public
UnlockingCompanyLaw_71013.indb 6
8	Capital maintenance and distributions 
8.1.1 Can share capital protect a creditor against company trading losses?
8.1.2 The relevance of share capital over the life of a company
8.1.3 The meaning of ‘capital maintenance’
Minimum share capital requirement
8.2.1 Requirement to have a share capital
8.2.2 Private companies
8.2.3 Public companies
8.3	Statutory prohibition on reduction of share capital except in accordance
with the Act and company articles
8.3.1 Private company reduction of share capital
8.3.2 Public company reduction of share capital
8.3.3 Acquisition of own shares
Is capital maintenance important to creditors?
Regulation of distributions
8.5.1 Distributions
8.5.2 Restrictions applicable to both private and public companies
8.5.3 Additional limit on distributions by public company: net asset test
8.5.4 Distributions in kind
8.5.5 Remedies for payment of unlawful distributions
Shareholder last principle on a winding up
A broader concept of capital maintenance?
8.7.1 Gratuitous payments to non-shareholders
8.7.2 Gratuitous payments as ultra vires 
8.7.3 The ‘Cakes and Ale Case Law’
Political donations
Financial assistance for the purchase of its own shares
8.9.1 Background to the current rules
8.9.2 Reasons for the statutory prohibition
8.9.3 Typical examples of financial assistance
8.9.4 What is prohibited?
8.9.5 Limits and exceptions to the prohibition
9	Governance of the company 
Introduction and key organs of governance of a company
Shareholder governance
9.2.1 Introduction
9.2.2 Division of powers in the articles
9.2.3 Statutory powers of shareholders 
9.2.4 Default powers of shareholders
9.2.5 How shareholders exercise their powers
Board of directors
9.3.1 Board powers and decision-making
9.3.2 Definition and classification of directors
9.3.3 Appointing and removing directors
9.3.4 Remuneration of directors
Company secretary and officers
9.4.1 Company secretary
9.4.2 Officers
UnlockingCompanyLaw_71013.indb 7
10	Legally binding the company
10.1 Introduction
10.2 Deeds that bind the company
10.2.1 Use of deeds
10.2.2 Requirements for a company to be bound by a deed
10.2.3 Looking behind a deed
10.3 Company seals
10.4 Contracts that bind the company
10.4.1 Formal agreements (deeds)
10.4.2 Simple contracts
10.5 Authority of the board of directors to bind the company
10.5.1 The Companies Act 2006, s 40 and board authority
10.5.2 The common law position and board authority
10.6 Authority of individuals to bind the company
10.6.1 Actual authority
10.6.2 Ostensible authority
10.6.3 Implied actual authority and ostensible authority contrasted
11	Directors’ duties: General considerations
and management duties
11.1 Introduction
11.1.1 Approach to the study of directors’ duties
11.1.2 Control of director self-interest
11.1.3 Control of management behaviour
11.2 Legislative reform of directors’ duties
11.2.1 Statutory regulation of particular transactions
11.2.2 General duty codification initiatives
11.2.3 Rationale for the 2006 reform
11.2.4 Have the general duties been codified?
Criminal sanctions for contravention 
Civil remedies for breach
Reform
UnlockingCompanyLaw_71013.indb 8
11.3 To whom do directors owe their duties?
11.3.1 Directors’ duties are owed to the company
11.3.2 Enlightened shareholder value
11.3.3 The interests of creditors
11.4 Management duties of directors
11.4.1 General management duties 
11.4.2 Key specific management duties 
12	Directors’ duties: Self-interest duties 
12.1 Introduction
12.2 Directors’ conflicts of interest
12.2.1 Duty to avoid conflicts of interest
12.2.2 Duty not to accept benefits from third parties
12.3 Directors contracting with their companies
12.3.1 Statutory declaration of interest to the board of directors
12.3.2 Shareholder approval of specified transactions 
13	Directors’ duties: Remedies and reliefs and
director disqualification
13.1 Introduction
13.2 Remedies
13.2.1	Remedies for breach of duty to exercise reasonable care, skill
and diligence (s 174)
13.2.2	Remedies for breach of the equity-based duties
(ss 171–173 and 175–177)
13.2.3	Remedies for failure to obtain shareholder approval
for specific transactions
13.2.4 Removal from office
13.3 Relief from liability, indemnification, exclusion of liability and insurance
13.3.1 Relief from liability
13.3.2 Indemnification, exclusion of liability and ­insurance
13.4 Director disqualification
13.4.1 The basis for disqualification orders and u
­ ndertakings
13.4.2 The effect of disqualification orders and u
14	Minority shareholder protection 
14.1 Introduction
14.2 The proper claimant principle
14.2.1 Majority rule and the business judgment rule
14.2.2 Limits to the proper claimant principle
14.2.3 Example: proper claimant principle 
14.3 Statutory derivative claims
14.3.1 Grounds for claim
14.3.2 Claim procedure
14.3.3 Costs
14.4 Personal actions by shareholders
14.4.1 Reflective loss: denial of the personal right to recover
14.5 Unfairly prejudicial conduct petitions
14.5.1 Introduction
14.5.2 Petitioners and respondents
14.6 Just and equitable winding-up petitions
14.6.1 Who may apply
14.6.2 Foundation of the jurisdiction
14.6.3 Relationship with unfair prejudice claims
15	Restructuring, rescuing troubled companies
and takeovers
15.1 Introduction 
15.2 Schemes of arrangement and reconstruction
15.2.1 Section 110 schemes of reconstruction
15.2.2 Part 26 schemes of arrangement
15.3	Company voluntary arrangements (CVA) and small company moratoria
15.3.1 Company voluntary arrangements 
15.3.2 The small company moratorium
15.4 Administration
15.4.1 Purpose of administration
15.4.2 Commencement of administration
15.4.3 Effect of administration
15.4.4 Ending the administration
15.5 Takeovers
15.5.1 Takeovers, mergers, acquisitions and disposals
15.5.2 Scope of application of the Code
15.5.3 The nature, purpose and general principles of the Code
15.5.4 Outline of the basic takeover bid process
15.5.5 Minority shareholder treatment
15.5.6 Key additional legal rules and problem areas in takeovers
15.5.7 Action by the target company board
15.5.8 The Panel on Takeovers and Mergers (the Panel) 
16	Winding up and dissolution of a company
16.1 Introduction
16.2 Types of winding up
16.2.1 Voluntary winding up
16.2.2 Compulsory winding up
16.2.3 Insolvent winding up
16.2.4 Sources of insolvency law
16.2.5 Effects of a winding up order or appointment of a liquidator
16.3 Secured creditors
16.3.1 Classification of loan security
16.3.2 Fixed charges
16.3.3 Floating charges
16.3.4 Charges over book debts
16.3.5 Registration of charges 
16.3.6 Priority of charges
16.3.7 Fixed and floating charges compared and contrasted
UnlockingCompanyLaw_71013.indb 9
The behaviour complained of
The interests of members 
Remedies and costs
Reform and alternative dispute resolution
UnlockingCompanyLaw_71013.indb 10
16.4 Assets available for distribution
16.4.1 Role of the liquidator
16.4.2 Avoidance of transactions
16.4.3 Swelling the assets: applications for contributions
16.5 Distribution of the assets
16.5.1 Assets subject to fixed charges
16.5.2 The statutory order of distribution
16.6 Dissolution and restoration
17	Transparency
17.1 Introduction
17.2 Public disclosure under the Companies Act 2006
17.2.1 Company registers available for public inspection
17.2.2 Annual filings
17.3 Public disclosure under the Financial Services and Markets Act 2000
17.3.1 Periodic Disclosure
17.3.2 Disclosure of inside information
17.4 Audit and auditors
17.4.1 The audit requirement
17.4.2 Appointment, functions, duties and removal of auditors
17.4.3 Auditor liability
17.5 Company investigations
Appendix410
Glossary of terms
Index421
In the Unlocking the Law books all the essential elements that make up the law are
clearly defined to bring the law alive and make it memorable. In addition, the books are
enhanced with learning features to reinforce learning and test your knowledge as you
study. Follow this guide to make sure you get the most from reading this book.
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Shows a bill going through Parliament or a draft bill proposed by the
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UnlockingCompanyLaw_71013.indb 11
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Encourages you to engage with secondary sources.
further on this
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Offers advice
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Enables you to test yourself as you progress through the chapter.
Provide you with real-life sample essays and show you the best way to plan your
Concludes each chapter to reinforce learning.
UnlockingCompanyLaw_71013.indb 12
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The publishers apologise if inadvertently any sources remain unacknowledged and
will be glad to make the necessary arrangements at the earliest opportunity.
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The ‘Unlocking’ series is designed to make learning each subject area more accessible by
focusing on learning needs, and by providing a range of different supporting materials
All topic areas are broken up into ‘bite size’ sections with a logical progression and
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UnlockingCompanyLaw_71013.indb 14
Ad Valorem Factors Ltd v Ricketts [2004] 1 All ER 894 (CA)............................................................................................ 96
Adams v Cape Industries plc [1990] Ch 433........................................................................71, 72, 76, 77, 78, 79, 80, 87
Adelson v Associated Newspapers Ltd [2007] EWHC 3028.............................................................................................. 79
Agnew v Commissioner of Inland Revenue (Re Brumark Investments Ltd)
[2001] 2 AC 710 (PC)........................................................................................................................................................................ 370, 374
Airbase (UK) Limited, Re [2008] EWHC 124 (Ch)................................................................................................................... 390
Airey v Cordell [2006] EWHC 2728..................................................................................................................................................... 318
Albazero, The [1977] AC 774........................................................................................................................................................................ 78
Allen v Gold Reefs of West Africa Ltd [1900] 1
Ch 656 (CA)........................................................................... 116–7, 127–8, 129–30, 131, 135, 149, 200, 221, 222
Amalgamated Pest Control v McCarron [1995] 1QdR 583 (Queensland Supreme Court,
Australia)............................................................................................................................................................................. 116, 117, 134, 216
Anglo-Continental Supply Co Ltd, Re [1922] 2 Ch 723....................................................................................................... 346
Armagas Ltd v Mundogas SA [1986] AC 717 (HL)................................................................................................................ 257
Ashbury Carriage and Iron Company Ltd v Riche (1875) LR 7 HL 653...............................................110–1, 265
Astec (BSR) plc, Re [1998] 2 BCLC 556.............................................................................................................................................. 221
Atlas Maritime Company SA v Avalon Maritime Limited (No 1) [1991] 4 All ER 769................................ 77
Attorney General of Belize v Belize Telecom Ltd [2009] UKPC 10 (PC); [2009]
1 WLR 1485, PC......................................................................................................................................................................... 118, 119, 256
Attorney General of Hong Kong v Reid [1994] 1 AC 324 (PC).......................................................................... 292, 298
Automatic Bottle Makers Ltd, Re [1926] Ch 412............................................................................................................ 376, 394
Automatic Self Cleansing v Cuninghame [1906] 2 Ch 34....................................................................................... 214, 222
Aveling Barford Ltd v Perion Ltd [1989] BCLC 626.........................................................................................195, 201, 202
Ayerst (Inspector of Taxes) v C & K (Construction) Ltd [1976] AC 167................................................................ 185
Bairstow v Queen’s Moat Houses [2001] 2 BCLC 531....................................................................................197, 202, 209
Baku Consolidated Oil Fields Ltd, Re................................................................................................................................................ 265
Baltic Real Estate Ltd, Re (No 2) [1993] BCLC 503.................................................................................................................. 326
Bank of Tokyo Ltd v Karoon (1987) (CA)........................................................................................................................................... 77
Barclays Bank v British and Commonwealth Holdings plc [1996] BCLC 1.................................199, 201, 202
Barings plc (No 5), Secretary of State for Trade and Industry v Baker, Re
[1999] 1 BCLC 433.............................................................................................................................................................................. 282, 283
Barrett v Duckett [1995] 1 BCLC 243............................................................................................................................318, 319, 324
Barron v Potter [1914] 1 Ch 895.........................................................................................................................................215, 222, 238
Beattie v E & F Beattie Ltd [1938] Ch 708 (CA)............................................................................. 120, 121, 124, 134, 136
Becket Investment Management Group Ltd v Hall [2007] EWCA Civ 613........................................................... 79
Bell Houses Ltd v City Wall Properties Ltd [1966] 2 QB 656........................................................................................... 111
Benjamin Cope & Sons Ltd, Re [1914] 1 Ch 800..................................................................................................376, 377, 394
Bhullar v Bhullar [2003] 2 BCLC 241 (CA).......................................................................................................................... 292, 298
Biosource Technologies Inc v Axis Genetics plc [2000] 1 BCLC 286......................................................................... 351
Birch v Cropper (1899) 14 App Cas 525............................................................................................... 152, 157, 158, 164, 222
Bird Precision Bellow Ltd, Re [1984] 3 All ER 44...................................................................................................................... 332
Bisgood v Henderson’s Transvaal Estates Ltd [1908] 1 Ch 743.....................................................................................119
Bluebrook Ltd, In the matter of [2009] EWHC 2114 (Ch).................................................................................................. 344
Boardmann v Phipps [1967] 2 AC 46.................................................................................................................................................. 292
Borland’s Trustee v Steel [1901] 1 Ch 279.................................................................................................................157, 164, 178
Boulting v ACTT [1963] 2 QB 606............................................................................................................................................... 280, 284
Bovey Hotel Ventures Ltd, Re (1981) (unreported)..................................................................................................... 326, 337
Bradford Investment Ltd, Re [1991] BCLC 224....................................................................................................158, 159, 216
Brady v Brady [1989] AC 755 (HL); [1988] BCLC 20 (CA)..........................................................................205, 209, 274
Bratton Seymour Service Co Ltd v Oxborough [1992] BCLC 693 (CA)..................................................................118
Braymist Ltd v Wise Finance Co Ltd [2002] Ch 273 (CA)............................................................... 101, 104, 105, 107
Breckland Group Holdings Ltd v London & Suffolk Properties Ltd [1989] BCLC 100........................... 214
UnlockingCompanyLaw_71013.indb 15
Brian D Pierson (Contractors) Ltd, Re [2001] 1 BCLC 275................................................................................................ 282
Brightlife Ltd, Re [1987] Ch 200........................................................................................................................................368, 370, 372
Bristol Airport plc v Powdrill [1990] BCLC 585........................................................................................................................ 351
British & Commonwealth Holdings Ltd v Barclays Bank [1996] 1 WLR 1......................................................... 346
British Bank of the Middle East v Sun Life Assurance Company of Canada (UK) Ltd [1983] 2
Lloyd’s Rep 9 (HL).................................................................................................................................................................257, 258, 259
Brown v British Abrasive Wheel Co Ltd [1919] 1 Ch 290................................................................ 127, 129, 131, 135
Browne v La Trinidad (1887) 37 Ch D 1.....................................................................................................................120, 121, 136
BTR plc, Re (1987) 4 BCC 45....................................................................................................................................................................... 174
Bushell v Faith [1969] 2 Ch 438 (HL); [1970] AC 1099 (HL)............................................................116, 124, 134, 216
Canadian Aero Service Ltd v O’Mally (1973) 40 DLR (3d) 371......................................................................... 291, 298
Cane v Jones [1980] 1 WLR 1451............................................................................................................................................................ 220
Caparo Industries plc v Dickman [1990] 2 AC 605 (HL), 71.....................................................................406, 407, 408
Cardiff Saving Bank, Marquis of Bute, Re [1892] 2 Ch 100................................................................................... 281, 284
Carlen v Drury (1812) 1 Ves & B 149................................................................................................................................................... 313
Carruth v ICI [1937] AC 707....................................................................................................................................................................... 347
Cartmell’s Case, Re (1874) LR 9.............................................................................................................................................................. 281
Castell & Brown Ltd, Re [1898] 1 Ch 315............................................................................................................................. 376, 394
Centros Ltd v Erhvervs-og Selskabsstyrelsen (Case C-212/97 [1999] ECR I-1549)........................................ 20
Chandler v Cape plc [2012] EWCA Civ 525..................................................................................................................................... 71
Charterbridge Corporation Ltd v Lloyds Bank Ltd [1970] Ch 62.................................................................... 278, 284
Cinematic Finance Ltd v Ryder [2010] EWHC 3387.............................................................................................................. 316
Citco Banking Corporation NV v Pusser’s Limited [2007] UKPC 13 (PC).............................................. 127, 128
City Branch Group Ltd, Re [2005] 1 WLR 3505............................................................................................................... 325, 336
City Equitable Fire Insurance Co Ltd, Re [1925] Ch 407...............................................................................................281–2
Clayton’s Case (1816) 1 Mer 572............................................................................................................................................................. 383
Cobden Investments Ltd v RWM Langport Ltd [2008] EWHC 2810...................................................................... 278
Cohen v Selby [2001] 1 BCLC 176.............................................................................................................................................. 302, 306
Colonial Bank v Whinney (1886) 11 App Cas 426..............................................................................................157, 164, 178
Company, Re a (No 00330 of 1991) [1991] BCLC 597................................................................................................. 325, 336
Company, Re a (No 00477 of 1986) [1986] BCLC 376................................................................................................. 324, 327
Company, Re a (No 001126 of 1992) [1993] BCC 325............................................................................................................. 333
Company, Re a (No 001363 of 1988) ex parte S-P [1989] BCLC 579....................................................334, 336, 337
Company, Re a (No 002567 of 1982) [1983] 1 WLR 927..................................................................................................334–5
Company, Re a (No 005134 of 1986), ex parte Harries [1989] BCLC 383.............................................................. 330
Company, Re a (No 005287 of 1985) [1986] BCLC 68............................................................................................................ 325
Company, Re a (No 005685) ex parte Schwartz (No 2) [1989] BCLC 427.................................................. 326, 337
Conaglen (2008)...................................................................................................................................................................................................... 79
Conservative & Unionist Central Office v Burrell [1982] 1 WLR 522 CA............................................................... 48
Constable v Executive Connections Ltd [2005] 2 BCLC 638................................................................................ 126, 131
Cook v Deeks [1916] 1 AC 554 (PC)...............................................................................................................................314, 318, 323
Copeland & Craddock Ltd, Re [1997] BCC 294.............................................................................................................. 334, 336
Cotronic (UK) Ltd v Dezonie [1991] BCC 200............................................................................................................................. 100
Criterion Properties plc v Stratford UK Properties LLC [2006] 1 BCLC 729 (HL)........................................ 360
Cumana Ltd, Re [1986] BCLC 430 (CA)................................................................................................................................ 330, 336
Cumbrian Newspapers Group Ltd v Cumberland and Westmoreland Newspaper and
Printing Co Ltd [1987] Ch 1....................................................................................................................................................... 163, 164
Dafen Tinplate Co Ltd v Llanelly Steel Company (1907) Ltd [1920] 2 Ch 124............... 127, 129, 131, 135
Day v Cook [2002] 1 BCLC 1..................................................................................................................................................................... 322
DHN Food Distributors Ltd v Tower Hamlets LBC [1976] 1 WLR 852 (CA).................... 71, 73, 77, 81, 82
Dimbleby & Sons Ltd v National Union of Journalists [1984] 1 WLR 427 (HL).............................. 82, 84, 87
Discoverers Finance Corporation Ltd, Lindlar’s Case, Re [1910] 1 Ch 312..................................155, 164, 178
D’Jan (of London) Ltd, Re [1994] 1 BCLC 561.......................................................................................................282, 284, 305
Dorman Long & Co Ltd, Re [1934] 1 Ch 635................................................................................................................................ 346
Duomatic Ltd, Re [1969] 2 Ch 365............................................................................................................ 220, 222, 238, 305, 306
Ebrahimi v Westbourne Galleries Ltd [1973] AC 360 (HL)........................................... 327–8, 333, 334, 336, 337
Edwards v Halliwell [1950] 2 All ER 1064................................................................................................................314, 323, 336
UnlockingCompanyLaw_71013.indb 16
Eley v Positive Government Security Life Assurance Co (1876) 1 ExD 88 (CA).......... 120, 121, 122, 136
Elgindata Ltd, Re [1991] BCLC 959...................................................................................................................................................... 330
Erlanger v New Sombrero Phosphate Company (1878) 3 App Cas 1218 (HL)............................98, 104, 106
Erwen Warnick B V v J Townend & Sons (Hull) Ltd [1979] AC 731............................................................................ 93
Euro Brokers Holdings Ltd v Monecor (London) BCLC 506 (CA)............................................................................ 220
Eurocruit Europe Ltd, Re (In Liquidation) [2007] EWHC 1433 (Ch)....................................................................... 388
Evans v Chapman (1902) 86 LT 381......................................................................................................................................................118
Exchange Banking Co, Flitcroft’s Case, Re (1882) 21 Ch D 519 (CA)................................191, 196–7, 202, 209
Exchange Travel Ltd (No 3), Re [1996] 2 BCLC 524............................................................................................................... 381
Exeter City AFC Ltd v Football Conference Ltd [2004] EWHC 831......................................................................... 333
Express Engineering Works Ltd, Re [1920] 1 Ch 466 (CA).................................................................................... 220, 222
Facia Footwear Ltd v Hinchcliffe [1998] 1 BCLC 218................................................................................................ 274, 275
Fairway Magazines Ltd, Re [1993] BCLC 643............................................................................................................................. 381
First Energy (UK) Ltd v Hungarian International Bank Ltd [1993] 2 Lloyd’s Rep
194 (CA)...................................................................................................................................................................................................... 257, 259
First Independent Factors and Finance Ltd v Mountford [2008] 2 BCLC 297.................................................... 96
Ford v Polymer Vision Ltd [2009] EWHC 945 (Ch)................................................................................................................ 249
Foss v Harbottle (1843) 2 Hare 461................................................................................... 273, 313, 314, 320, 323, 336, 338
Foster Bryant Surveying Ltd v Bryant & Savernake Property Consultants Ltd [2007] 2
BCLC 239 (CA)..........................................................................................................................................................................291, 292, 298
Franbar Holdings Ltd v Patel [2008] BCC 885 (Ch D), [2008] EWHC 1534 (Ch), [2009] 1
BCLC 1..............................................................................................................................................................................................317, 318, 319
Freeman & Lockyer v Buckhurst Park Properties (Mangal) Ltd [1964] 2
QB 480.................................................................................................................................................................. 254, 256–7, 259, 260, 263
Fulham Football Club (1987) Ltd v Richards [2012] 1 All ER 414 (CA)................................................................. 333
Fulham Football Club Ltd v Cabra Estates plc [1994] 1 BCLC 363................................................................ 280, 284
Full Cup International Trading Ltd, Re [1995] BCC 682, [1990] 1 WLR 490...................................................... 334
Gambotto v WCP Ltd (1995) 182 CLR 432 (Australian High Court).................................................127, 129, 130
Gamlestaden Fastigheter AB v Baltic Partners Ltd [2007] UKPC 26, [2008] 1 BCLC
468 (PC)....................................................................................................................................................................................................... 325, 326
Gardner v Parker [2004] 2 BCLC 554.................................................................................................................................................. 323
General Accident v Midland Bank Ltd [1940] 2 KB 388........................................................................................................ 67
George Newman & Co, Re [1895] 1 Ch 674.................................................................................................................. 200–1, 202
Giles v Rhind [2003] 1 BCLC 1 (CA)................................................................................................................. 322, 323, 324, 337
Gilford Motor Company Ltd v Horne [1933] Ch 935......................................................................................79, 80, 84, 87
Grace v Biagioli [2006] 2 BCLC 70..................................................................................................................................330, 331, 336
Grant v UK Switchback Railways Company (1888)
40 Ch D 135 (CA)............................................................................................................................. 123, 124, 134, 136, 252–3, 259
Greenhalgh v Arderne Cinemas Ltd [1951] Ch 286 (CA)..........................................128, 131, 135, 158, 164, 166
GT Whyte & Co Ltd, Re [1983] BCLC 311...................................................................................................................................... 383
Guidezone Ltd, Re [2000] 2 BCLC 321.............................................................................................................................................. 327
Guinness plc v Saunders [1990] 2 AC 663......................................................................................... 130, 131, 134, 233, 237
Halt Garage (1964) Ltd, Re [1982] 3 All ER 1016..................................................................................... 200, 202, 221, 222
Harrison (JJ) (Properties) Ltd v Harrison [2001] 1 BCLC 162............................................................................. 302, 306
Hawk Insurance Company Ltd, Re [1922] 2 Ch 723.............................................................................................................. 345
Hawkes Hill Publishing Co Ltd, Re [2007] BCC 937.................................................................................................. 381, 388
Hawkes v Cuddy [2007] EWHC 2999 (Ch) (sub nom Re Neath Rugby Ltd).......................................................... 333
Heald v O’Connor (1971)............................................................................................................................................................................ 209
Hedley Byrne & Co Ltd v Heller & Partners Ltd [1964] AC 465 (HL).................................................................... 406
Hely-Hutchinson v Brayhead Ltd [1968] 1 QB 549 (CA)...........................................254, 255, 256, 258, 259, 260
Hickman v Kent or Romney Sheep Breeders’ Association [1915] 1 Ch 881, 11..............119, 120, 121, 136
Hill v Permanent Trustee Company of New South Wales [1930] AC 720 (PC)............................................... 184
Hogg v Cramphorn Ltd [1967] Ch 254............................................................................................................ 169, 175, 274, 284
Holland v Commissioners for Her Majesty’s Revenue and Customs [2008] EWHC 2200 (Ch)....... 197
Horsley & Weight Ltd, Re [1982] Ch 422......................................................................................................................................... 199
House of Fraser v AGCE Investments Ltd [1987] AC 387 (HL)........................................................................ 161, 162
Howard Smith v Ampol Petroleum Limited [1974] AC 821........................................ 169, 175, 178, 274–5, 284
UnlockingCompanyLaw_71013.indb 17
Howard v Patent Ivory Manufacturing Co (1888) 38 Ch D 156................................................. 102, 104, 105, 107
Hunting plc, Re [2005] 2 BCLC 211...................................................................................................................................................... 162
Hutton v West Cork Railway Co (1883) Ch D 654 (CA)................................................................... 199, 200, 202, 221
Iesini Westrip Holdings Ltd [2010] BCC 420..........................................................................................................316, 317, 318
Independent Automatic Sales Ltd v Knowles & Foster [1962] 1 WLR 974......................................................... 372
Item Software (UK) Ltd v Fassihi [2005] 2 BCLC 91 (CA)................................................................................................ 278
It’s a Wrap (UK) Ltd v Gula and another [2006] 2 BCLC 634...................................................... 197, 198, 202, 209
James, ex parte 8 Ves 337............................................................................................................................................................................... 292
James v Buena Ventura Nitrate Grounds Syndicate Limited [1896] 1 Ch 456...........................126, 131, 135
John Shaw & Sons (Salford) Ltd v Shaw [1935] 2 KB 113 (CA).................................................................................... 214
Johnson v Gore Wood & Co [2001] 2 AC 1 (HL).................................................................................................322, 324, 337
Jones v Garnett (Inspector of Taxes) [2007] 1 WLR 2030 (HL)......................................................................................... 43
Jones v Lipman [1962] 1 WLR 832 (Ch Div)................................................................................................................... 80, 84, 87
Joplin Brewery Co Ltd, Re [1902] 1 Ch 79........................................................................................................................... 374, 375
Kamer van Koophandel en Fabrieken voor Amsterdam v Inspire Art Ltd (Case C-167/01 [2003]
ECR I-10155)....................................................................................................................................................................................................20–1
Kelner v Baxter (1866–67) LR 2 CP............................................................................................................................................ 100, 105
Kiani v Cooper [2010] BCC 463............................................................................................................................................................... 320
Kleanthous v Paphitis [2011] EWHC 2287..................................................................................................................................... 319
Knowles v Scott [1891] 1 Ch 717.................................................................................................................................................. 367, 393
Koenigsblatt v Sweet [1923] 2 Ch 314................................................................................................................................................ 253
Lady Forrest (Murchison) Gold Mine Ltd, Re [1901] 1 Ch 582..................................................................98, 104, 106
Lagunas Nitrate Co v Lagunas Syndicate [1899] 2 Ch 392............................................................................98, 104, 106
Lee Panavision v Lee Lighting Ltd [1992] BCLC 22 (CA)................................................................................................. 274
Leeds United Holdings plc, Re [1996] 2 BCLC 545................................................................................................................. 325
Lennard’s Carrying Co Ltd v Asiatic Petroleum Co Ltd [1915] AC 705 (HL)..................................................... 65
Levinger v Licences etc Insurance Co (1936) 54 LL L Rep 68............................................................................................ 67
Levy v Abercorris Slate and Slab Co (1887) 37 Ch D 260................................................................................................... 145
Link Agricultural Property Ltd v Shanahan (1998) 28 ACSR 498.............................................................................. 230
Littlewoods Mail Order Stores Limited v Commissioner of Inland Revenue [1969] 1
WLR 1241................................................................................................................................................................................................................ 73
Logicrose Ltd v Southend UFC Ltd [1988] 1 WLR 1256.......................................................................................... 302, 306
Lomax Leisure Ltd, Re [1999] 2 BCLC 126..................................................................................................................................... 351
London and Mashonaland Exploration Ltd v New Mashonaland Exploration Co Ltd [1891]
WN 165................................................................................................................................................................................................................... 291
London School of Electronics, Re [1986] Ch 211....................................................................................................................... 330
Lovett v Carson Country Homes Ltd [2009] EWHC 1143 (Ch)......................................................................... 241, 243
Macaura v Northern Assurance Co [1925] AC 619 (HL).................................................................................67–8, 72, 86
MacDougall v Gardiner (1875) 1 Ch D 13 (CA)...................................................................................................123, 136, 313
Mackenzie & Co Ltd, Re [1916] 2 Ch 450........................................................................................................................................ 161
Macro (Ipswich), Re [1994] 2 BCLC 354........................................................................................................................................... 330
Maidstone Buildings Provisions Ltd, Re [1971] 1 WLR 1085......................................................................................... 236
Marleasing SA v La Comercial Internacional de Alimentacion Case C-106/89 [1990]
ECR I-4135........................................................................................................................................................................................................... 197
Marseilles Extension Railway Company, Re, ex parte Credit Foncier and Mobilier of England
(1871) LR 7 Ch App 161 (CA)................................................................................................................................................... 222, 236
Martin Boughtwood v Oak Investment Partners XII Ltd Partnership [2010] EWCA
Civ 23 (CA)......................................................................................................................................................................................................... 332
MC Bacon Ltd, Re [1990] BCLC 324..............................................................................................................................377, 381, 382
McKillen v Misland (Cyprus) Investments Ltd [2012] EWCA Civ 179 (CA).....................................................119
Milgate Developments Ltd, Re [1993] BCLC 291..................................................................................................................... 333
Mine Ltd (1901).................................................................................................................................................................................................... 104
Monolithic Building Co, Re [1915] Ch 643..................................................................................................................................... 374
Morphitis v Bernasconi and Others [2003] Ch 552 (CA).................................................................................................... 389
Morris v CW Martin & Sons Ltd [1966] 1 QB 716.................................................................................................................... 244
UnlockingCompanyLaw_71013.indb 18
Morris v Kanssen [1946] AC 459 (HL)............................................................................................................................................... 249
Multinational Gas and Petrochemical Company v Multinational Gas and Petrochemical
Services Ltd [1983] Ch 258........................................................................................................................................................................ 71
Mumtaz Properties, Re [2011] EWCA Civ 610............................................................................................................................ 227
Natal Land Co & Colonization Ltd v Pauline Colliery and Development Syndicate Ltd [1964]
AC 120 (PC)........................................................................................................................................................................................................ 102
National Telephone Company, Re [1914] 1 Ch 755................................................................................................................. 159
New British Iron Co, ex parte Beckwith, Re [1898] 1 Ch 324....................................................................130, 131, 134
New Bullas Trading Ltd, Re [1994] 1 BCLC 485 (PC)........................................................................................................... 370
Newborne v Sensolid [1954] 1 QB 45...................................................................................................................................... 100, 105
NFU Development Trust Ltd, Re [1973] 1 All ER 135........................................................................................................... 344
Northern Counties Securities Ltd v Jackson & Steeple Ltd [1974] 1 WLR 1133.......................200, 221, 222
Northern Engineering Industries plc, Re [1994] 2 BCLC 704 (CA)........................................................................... 162
Northumberland Avenue Hotel Co, Re (1866) 33 Ch D 16 (CA)...........................................................101, 104, 107
Nurcombe v Nurcombe [1985] 1 WLR 370................................................................................................................... 318–9, 323
PAL SC Realisations 2007 Ltd v Inflexion Fund 2 Limited Partnership [2010] EWHC 2850............... 390
Parke v Daily News Ltd [1962] Ch 927............................................................................................................................................. 200
Parry v Bartlett & Another [2011] EWHC 3146.................................................................................................................. 319–20
Patrick and Lyon Ltd, Re [1933] Ch 786........................................................................................................................................... 389
Payne v The Cork Company Ltd [1900] 1 Ch 308.................................................................................................................... 343
Pender v Lushington (1877) 6 Ch D 70........................................................................................................... 123, 124, 221, 222
Pennington v Waine [2002] All ER (D) 24 (Mar) (CA).......................................................................................................... 156
Percival v Wright [1902] 2 Ch 421......................................................................................................................................................... 273
Permacell Finesse Limited, Re (In liquidation) [2008] BCC 208................................................................................... 390
Perry v Day [2005] 2 BCLC 405............................................................................................................................................................... 323
Peters’ American Delicacy Co Ltd v Heath (1939) 61 CLR 457..................................................................................... 127
Peveril Gold Mines Ltd, Re [1898] 1 Ch 122 (CA).............................................................................................. 116, 124, 134
Philip Towers v Premier Waste Management Ltd [2011] EWCA Civ 923 (CA).............................................. 292
Philips v Brewin Dolphin Bell Lawrie Ltd [2001] 1 WLR 143............................................................................. 377, 380
Phillips v Manufacturers’ Securities Limioted (1917) 116 LT 290............................................................................... 126
Phonogram Ltd v Lane [1982] QB 938 (CA)............................................................................................... 100, 104, 105, 107
Plus Group Ld v Pyke [2002] 2 BCLC 201 (CA)........................................................................................................................ 291
Precision Dippings Ltd v Precision Dippings Marketing Ltd [1986] Ch 447 (CA)................198, 202, 209
Preston v Grand Collier Dock Co (1840) 11 Sim 327................................................................................................ 69, 72, 87
Profinance Trust SA v Gladstone [2002] 1 BCLC 141............................................................................................................ 332
Prudential Assurance Co Ltd v Newman Industries Ltd (No 2) [1982] Ch 204............................................. 322
Prudential Assurance Co v Chatterley Whitfield Collieries [1949] AC 512 (HL) sub nom Re
Chatterley-Whitfield Galleries Ltd [1948] 2 All ER 593 CA....................................................................................... 175
Punt v Symons & Co Ltd [1903] 2 Ch 506....................................................................................................................................... 167
O’Neill v Phillips [1999] 2 BCLC 1, [1999] 1 WLR 1092 (HL), ...... 154, 324, 327, 328, 329, 331, 332, 336
Ord v Belhaven Pubs Ltd [1998] 2 BCC 607 (CA).................................................................................................72, 77–8, 86
Oshkosh B’Gost Inc v Dan Marbel Inc Ltd [1989] BCLC 507......................................................................................... 102
Qayoumi v Oakhouse Property Holdings plc [2003] 1 BCLC 352............................................................................. 320
Queensway Systems v Walker [2006] EWHC 2496................................................................................................................. 304
Quintex Ltd (No 2), Re (1990) 2 ACSR 479.................................................................................................. 252, 258, 259, 260
R (Alconbury Developments Ltd) v Secretary of State for the Environment, Transport
and Regions [2003] 2 AC 295.................................................................................................................................................................. 64
R (Northern Cyprus Tourist Centre Limited) v Transport for London [2005] UKHRR 1231................. 64
R (People & Planet) v HM Treasury [2009] EWHC 3020.................................................................................................... 278
R v Panel of Takeovers and Mergers, ex parte Datafin plc [1987] 1 All ER 564 (CA)................................. 361
R v Registrar of Companies, ex parte Attorney General Ltd [1991] BCLC 476.................................................. 89
R v Registrar of Companies, ex parte Central Bank of India [1986] QB 1114.................................................... 374
RA Noble & Sons (Clothing) Ltd [1983] BCLC 273................................................................................................................. 326
Ratiu v Conway [2006] 1 All ER 571...............................................................................................................................................81, 84
Rayfield v Hands [1960] Ch 1, .......................................................................................... 36, 118, 119, 120, 124, 134
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Regal (Hastings) Ltd v Gulliver [1967] 2 AC 134................................................................................... 292, 298, 302, 306
Regentcrest plc v Cohen [2001] BCC 494 (Ch)................................................................................................................. 278, 284
Revenue and Customs Commissioners v Holland [2010] UKSC 51 (SC)............................................................ 222
Rhondda Waster Disposal Ltd, Re [2000] BCC 653................................................................................................................. 351
Rica Gold Washing Co Ltd, Re (1879) 11 Ch D 36......................................................................................................... 333, 336
Richards v Lundy [2000] 1 BCLC 376................................................................................................................................................. 329
Ridge Securities Ltd v IRC [1964] 1 All ER 275.......................................................................................................................... 201
Roberts & Cooper Ltd, Re [1929] 2 Ch 383..................................................................................................................................... 159
Rose, Re [1952] Ch 499.................................................................................................................................................................................... 156
Royal British Bank v Turquand (1856) 6 E&B 327 (Turquand’s Case)..............................................253, 259, 260
Ruben v Great Fingall Consolidated [1906] AC 439 (HL)................................................................................................. 243
Russell v Northern Bank Development Corporation [1992] 1 WLR 588
(HL)...............................................................................................................................................................................114, 117, 125, 131, 135
Salmon v Quin & Axtens Ltd [1909] AC 442 (HL); 1 Ch 311 (HL), ........................ 118, 122, 124, 134, 136
Salomon v A Salomon and Co Ltd [1897] AC 22 (HL), ..................... 14, 65–8, 72, 79, 81, 82, 86, 153, 220
Saltdean Estate Co Ltd, Re [1968] 1 WLR 1844............................................................................................................... 161, 162
Sam Weller & Sons Ltd, Re [1990] BCLC 80.................................................................................................................................. 330
Saul D Harrison and Sons plc, Re [1995] 1 BCLC 14 (CA).............................................................. 324, 326, 329, 336
Savoy Hotel Ltd, Re [1981] 3 All ER 346............................................................................................................................... 344, 345
Scott v Frank F. Scott (London) Ltd [1940] Ch 749 (CA).....................................................................................................118
Scottish Assurance v Wilsons & Clyde Coal Co [1949] AC 462 (HL)........................................................... 161, 162
Scottish Co-operative Wholesale Society v Meyer [1959] AC 324 (HL), .. ........................................ 229, 280
Scottish Insurance Corporation Ltd v Wilsons & Clyde Coal Co Ltd [1949] AC 462 (HL)........ 158, 187
Servic Systems AG, Re (Case C-411/03 [2005] ECR I-10805)............................................................................................. 20
Shaw v Port Philip & Colonial Gold Mining Co Ltd (1883–84) LR 13 QBD 103............................................ 243
Sherborne Park Residents Co Ltd, Re [1986] 2 BCC 9 9528................................................................. 320, 321–2, 333
Shipley v Marshall (1863) 14 CBNS 566........................................................................................................................................... 372
Sidebottom v Kershaw, Leese & Co Ltd [1920] 1 Ch 154................................................................. 127, 129, 131, 135
Siebe Gorman & Co Ltd v Barclays Bank Ltd [1979] 2 Lloyds Rep 142...................................................... 370, 375
Simon Rodliffe v Guy Rodliffe, Home and Office Fire Extinguishers Limited [2012]
EWHC 917 (Ch)............................................................................................................................................................................................... 330
Sinclair Investments (UK) Ltd v Versailles Trade Finance [2012] Ch 453 (CA).................................... 292, 302
SMC Electronics Ltd v Akhter Computers Ltd [2001] 1 BCLC 433 (CA)............................................................. 259
Smith & Fawcett, Re [1942] Ch 304...................................................................................................................................................... 274
Smith v Butler [2012] EWCA Civ 314................................................................................................................................................. 256
Smith v Croft (No 2) [1988] Ch 114.................................................................................................................................318, 320, 324
Smith v Henniker-Major & Co (A firm) [2002] 1 WLR 616 (CA)............................................... 248, 249, 259, 260
Snook v London and West Riding Investments Ltd [1967] 2 QB 786......................................................................... 79
Sound City (Films) Ltd, Re [1947] Ch 169...................................................................................................................................... 160
South Western Mineral Water Co Ltd v Ashmore (1967)................................................................................................... 209
Southern Counties Fresh Foods Ltd, Re [2011] EWHC 1370.......................................................................................... 278
Southern Foundries (1926) Ltd v Shirlaw [1940] AC 701 (HL)...............................................................126, 131, 135
Sovereign Life Assurance Co v Dodd [1892] 2 QB 573........................................................................................................ 346
Spectrum Plus Ltd, Re [2005] 2 AC 680 (HL).......................................................................369, 370, 372, 374, 377, 382
Stainer v Lee & Others [2010] EWHC 1539........................................................................................................................ 319, 320
Stena Line v Merchant Navy Ratings Pension Fund Trustees Ltd [2010] EWCA Civ 543..................... 256
Stevens v Mysore Reefs (Kangundi) Mining Co Ltd [1902] 1 Ch 745.......................................................... 113, 265
Stimpson v Southern Private Landlords Association [2010] BCC 387 (Ch D)................................................. 316
Sullivan (1996).......................................................................................................................................................................................................... 65
Sycotex Pty Ltd v Balser (1993) 13 ACSR 766.............................................................................................................................. 274
T & N Ltd (No 3), Re [2007] 1 BCLC 563......................................................................................................................................... 344
Target Holdings Limited v Redferns [1996] 1 AC 421 (HL).................................................................................. 302, 306
Tesco Supermarkets v Nattrass [1972] AC 153 (HL)................................................................................................................. 65
Thorby v Goldberg (1964) 112 CLR 597............................................................................................................................................ 280
Trevor v Whitworth (1887) 12 App Cas 409................................................................................................ 175, 184, 207, 209
Trustor v Smallbone (No 2) [2001] WLR 1177 (Civ Div)....................................................................................... 80, 84, 87
Twycross v Grant (1877)................................................................................................................................................................................... 97
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Uberseering BV v Nordic Construction Co Baumanagement GmbH (NCC) (Case C-208/00 [2002]
ECR I-9919)............................................................................................................................................................................................................ 21
Unisoft Group Ltd, Re (No 3) [1994] 1 BCLC 609.................................................................................. 222, 325, 326, 337
United Pan-Europe Communications NV v Deutsche Bank AG [2000] 2 BCLC 461................................. 302
VGM Holdings Ltd, Re [1942] Ch 235............................................................................................................................................... 203
Vocam Europe Ltd, Re [1998] BCC 396............................................................................................................................................. 333
VTB Capital plc v Nutritek International Corp [2012] EWCA Civ 808..................................................................... 72
Xenos v Wickham (1867) LR 2 HL 296............................................................................................................................................... 242
Wallersteiner v Moir (No 2) [1975] QB 373..............................................................................................................320, 324, 337
Waugh v HB Clifford & Sons [1982] Ch 374 (CA).................................................................................................................... 259
Webb v Earle (1875) LR 20 Eq 566......................................................................................................................................................... 159
West Coast Capital (Lios) Ltd, Re [2008] CSOH 72................................................................................................................. 278
West Mercia Safetywear v Dodd (1988) 4 BCC 30................................................................................................................... 274
Westburn Sugar Refineries Ltd, ex parte [1951] AC 625...............................................................................187, 190, 209
Whaley Bridge Calico Printing v Green (1879) 5 QBD 109................................................................................................. 97
White v Bristol Aeroplane Co [1953] Ch 65 (CA)...............................................................................................160, 164, 178
Will v United Lankat Plantations Co [1914] AC 11 (HL).................................................................................................... 158
Wills v Corfe Joinery Ltd [1998] 2 BCLC 75.................................................................................................................................. 381
Wishart v Castlecroft Securities Ltd [2010] BCC 161.................................................................................................. 317, 319
Wood v Odessa Waterworks Co (1889) 42 Ch D 636................................................................ 119, 120, 320, 321, 323
Woolfson v Strathclyde RC (1978) SC 90 (HL).............................................................................................................. 77, 79, 81
Wrexham Association Football Club Ltd (in admin) v Crucialmove Ltd [2008] BCLC 508
(CA).............................................................................................................................................................................. 249, 250, 253, 259, 260
Yeovil Glove Co Ltd, Re [1965] Ch 148............................................................................................................................................. 383
York Building Co v MacKenzie (1795) 3 Pat 378....................................................................................................................... 269
Yorkshire Railway Wagon Co v Maclure (1882) 21 Ch D 309........................................................................................... 79
Yorkshire Woolcombers Association Ltd, Re (1903)............................................................................................................... 370
Yukong Lines Ltd of Korea v Rendsburg Investments Corporation of Liberia, The Rialto No 2
[1998] 1 WLR 294 (QBD)........................................................................................................................................................................75–6
UnlockingCompanyLaw_71013.indb 21
Table of Statutory
r 19.9E................................................ 320, 324
Companies (Cross Border Merger)
­Regulations 2007 (SI 2007/2974)................ 347
Companies (Model Articles) Regulations
2008 (SI 2008/3229)................................. 37, 115
Companies (Share and Share Capital) Order
2009 (SI No 2009/388).................................. 189
Companies (Share Capital and Acquisition by Company of Its Own Shares)
­Regulations 2009 (SI 2009/2022)................ 187
Companies (Shareholders’ Rights) Regulations 2009 (SI 2009/1632) (Shareholder
Rights Regulations)...................... 38, 213, 218
reg......................................................... 22, 217
Companies Act 2006 (Amendment) (Accounts
and Reports) Regulations 2008 (SI
2008/393).......................................................... 29
Companies Act 2006 (Annual Returns)
­Regulations 2011 (SI 2011/1487)................ 400
Company and Business Names Regulations
1981.................................................................. 91
Company Names Adjudicator Rules 2008 (SI
2008/1738)........................................................ 93
Companies Act 2006 (Commencement No 2,
Consequential Amendments, Transitional
Provisions and Savings) Order 2007 (SI
2007/1093)...................................................... 156
Companies Act 2006 (Commencement No 5,
Transitional Provisions and Savings) Order
2007) (SI 2007/3495)............................. 216–217
Companies (Trading Disclosures)
­Regulations 2008 (SI 2008/495)
reg 2.............................................................. 94
reg 6.............................................................. 94
reg 7.............................................................. 95
reg 8.............................................................. 95
reg 9.............................................................. 95
reg 10............................................................ 95
regs 3–5........................................................ 94
­(Miscellaneous Provisions) Regulations
2009 (SI 2009/1085) (CBN(MP) Regulations
2009)................................................................. 91
reg 2.............................................................. 92
reg 7.............................................................. 92
reg 8.............................................................. 92
regs 4–6........................................................ 92
UnlockingCompanyLaw_71013.indb 22
Sch 1............................................................. 92
Sch 3............................................................. 92
The Company and Business Names
­(Sensitive Words and Expressions)
­Regulations 2009 (SI 2009/2615).................. 91
­Regulations 1989 (SI 1989/638).................... 55
European Public Limited Liability Company
Regulations 2004 (SI 2004/2326).................. 55
Insolvency Rules 1986................................ 3, 367
and Groups (Accounts and Reports)
­Regulations 2008 (SI 2008/410)............ 44, 234
reg 11.......................................................... 235
Sch 8........................................................... 235
Large and Medium-sized Limited Liability
Partnerships (Accounts) Regulations 2008
(SI 2008/1913).................................................. 44
Legislative Reform (Industrial and
Provident Societies and Credit Unions)
Order 2011....................................................... 53
Limited Liability Partnerships (Accounts
and Audit) (Application of Companies
Act 2006) Regulations 2008
(SI 2008/1911).................................................. 44
Limited Liability Partnerships (Application
of Companies Act 2006) Regulations 2009
(SI 2009/1804).................................................. 44
Limited Liability Partnerships Regulations
2001 (SI 2001/1090)................................... 43, 46
reg 5(2)(f)..................................................... 44
Sch 3............................................................. 44
Prospectus Regulations 2011 (SI
2011/1668)...................................................... 176
Small Companies and Groups (Accounts and
Directors' Report) Regulations 2008 (SI
2008/409).................................................. 44, 234
Small Limited Liability Partnerships
­(Accounts) Regulations 2008
(SI 2008/1912).................................................. 44
Uncertified Securities Regulations 2001 (SI
2001/3755).............................................. 155, 164
This mostly relates to British legislation, with European legislation following.
s 5(1)........................................................................................................................................................ 54
s 7............................................................................................................................................................. 54
Sch 2, para 6........................................................................................................................................... 54
Sch 15, para 7(4)..................................................................................................................................... 54
Business Names Act 1985........................................................................................................................... 95
Charities Act 2006 .................................................................................................................................. 50, 58
Companies (Audit, Investigations and Community Enterprise) Act 2004 (CAICEA).............. 24, 45
Pt 2............................................................................................................................................... 10, 50, 58
s 35(2)...................................................................................................................................................... 51
Companies (Consolidation) Act 1908....................................................................................................... 15
Companies Act 1862............................................................................................................. 14, 17, 22, 65, 67
s 82......................................................................................................................................................... 116
Companies Act 1907............................................................................................................................... 14, 15
Companies Act 1929..................................................................................................................................... 15
Companies Act 1948..................................................................................................................................... 15
Companies Act 1967..................................................................................................................................... 15
Companies Act 1985................................................................. 3, 10, 15, 23, 24, 43, 102, 114, 325, 399, 409
Pt XIV............................................................................................................................................ 407, 408
s 2........................................................................................................................................................... 110
s 3A................................................................................................................................................ 111, 265
s 14................................................................................................................................................... 11, 118
s 35..........................................................................................................................................111, 112, 113
s 121....................................................................................................................................................... 165
s 303......................................................................................................................................................... 11
s 311....................................................................................................................................................... 412
s 319......................................................................................................................................................... 11
s 432(2A)............................................................................................................................................... 407
Companies Act 2006............... 2, 3, 4, 5, 6, 8, 10, 22–23, 24, 25, 29, 44, 50, 64, 66, 212, 398, 399–403, 408
Chapter 2.............................................................................................................................................. 405
Chapter 3.............................................................................................................................................. 405
Chapter 4.............................................................................................................................................. 405
Pts 1–39................................................................................................................................................... 10
Pt 5........................................................................................................................................................... 91
Pt 7......................................................................................................................................................... 102
Pt 16....................................................................................................................................................... 405
Pt 17....................................................................................................................................... 167, 185, 207
Pt 18....................................................................................................................................... 185, 187, 207
Chapter 5.............................................................................................................................................. 188
Pt 26....................................................................................................... 341–342, 343, 344–347, 356, 361
Pt 27....................................................................................................................................................... 347
Pt 28............................................................................................................................... 354, 360, 361, 362
Pt 41......................................................................................................................................................... 91
Chapter 1................................................................................................................................................ 95
s 2............................................................................................................................................................. 10
s 3(1)........................................................................................................................................................ 36
s 3(2)........................................................................................................................................................ 37
s 3(3)........................................................................................................................................................ 36
s 3(4).................................................................................................................................................. 12, 68
s 7..................................................................................................................................................... 89, 410
UnlockingCompanyLaw_71013.indb 23
UnlockingCompanyLaw_71013.indb 24
s 7(1)......................................................................................................................................................113
s 7(2)........................................................................................................................................................89
s 8 ............................................................................................................................................89, 165, 410
s 9.............................................................................................................................................................89
s 9(4)......................................................................................................................................................165
s 9(6)........................................................................................................................................................89
ss 9–13.....................................................................................................................................................89
s 10.................................................................................................................................................185, 410
s 11...........................................................................................................................................................89
s 12...........................................................................................................................................................90
s 13...........................................................................................................................................................90
s 14...........................................................................................................................................................89
s 15...........................................................................................................................................................89
s 15(1)..........................................................................................................................................12, 62, 86
s 15(4)......................................................................................................................................................89
s 16(2)......................................................................................................................................................63
s 17.........................................................................................................................................................108
s 19(2)......................................................................................................................................................38
s 20.........................................................................................................................................................136
s 20(1)(a)...............................................................................................................................115, 124, 134
s 20(1)(b).......................................................................................................................................115, 124
s 21.................................................................................................................116, 125, 130, 131, 133, 135
s 21(1)............................................................................................................................................118, 215
s 22.................................................................................................................116, 125, 127, 131, 135, 410
s 22(1)....................................................................................................................................................125
s 23.........................................................................................................................................................125
s 23(1)......................................................................................................................................................89
s 25.........................................................................................................................................................125
s 26.........................................................................................................................................................125
s 26(3)....................................................................................................................................................338
s 28......................................................................................................................... 112, 114, 134, 265, 410
s 29.................................................................................................................................................109, 132
s 30.................................................................................................................................................109, 125
s 31...........................................................................................................................89, 114, 134, 265, 410
s 31(1)..............................................................................................................................................89, 113
s 32.........................................................................................................................................................109
s 33........................................................................................... 11, 119, 122, 124, 134, 135, 136, 157, 324
s 33(1)....................................................................................................................................................117
s 39........................................................................................................................... 86, 112, 114, 134, 265
s 39(1)............................................................................................................................................ 111, 113
s 40................................................................. 113, 114, 134, 224, 247–252, 259, 260, 263, 266, 277, 284
s 40(1)............................................................................................................................................248, 251
s 40(2)....................................................................................................................................................250
s 40(2)(a)...............................................................................................................................................248
s 40(2)(b).......................................................................................................................248, 249, 259, 260
s 40(4)............................................................................................................................................112, 247
s 40(5)............................................................................................................................................247, 277
s 41.........................................................................................................................................113, 249, 259
s 41(3)....................................................................................................................................................249
s 41(6)....................................................................................................................................................249
s 42.........................................................................................................................................................112
s 43.................................................................................................................................................245, 246
s 43(1)(a)...............................................................................................................................................245
s 43(1)(b)...............................................................................................................................................245
s 43(2)....................................................................................................................................................244
s 44.................................................................................................................................242, 245, 246, 260
s 44(2)....................................................................................................................................................243
s 44(4)....................................................................................................................................................245
s 44(5)....................................................................................................................243, 244, 245, 246, 260
s 45.........................................................................................................................................244, 246, 260
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s 46.........................................................................................................................................242, 246, 260
s 46(2)....................................................................................................................................................242
s 51.........................................................................................................100, 101, 102, 104, 105, 106, 107
s 51(1)............................................................................................................................................100, 101
s 53...........................................................................................................................................................91
ss 53–88.................................................................................................................................................410
s 54.....................................................................................................................................................91, 95
s 55.....................................................................................................................................................91, 95
s 57...........................................................................................................................................................92
s 58..........