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Unlocking Company Law 4th edition [Minkštas viršelis]

  • Formatas: Paperback / softback, 582 pages, aukštis x plotis: 246x189 mm, weight: 1900 g, 44 Tables, color; 35 Line drawings, color
  • Serija: Unlocking the Law
  • Išleidimo metai: 16-Jul-2018
  • Leidėjas: Routledge
  • ISBN-10: 1138308552
  • ISBN-13: 9781138308558
Kitos knygos pagal šią temą:
  • Formatas: Paperback / softback, 582 pages, aukštis x plotis: 246x189 mm, weight: 1900 g, 44 Tables, color; 35 Line drawings, color
  • Serija: Unlocking the Law
  • Išleidimo metai: 16-Jul-2018
  • Leidėjas: Routledge
  • ISBN-10: 1138308552
  • ISBN-13: 9781138308558
Kitos knygos pagal šią temą:
Unlocking Company Law is the ideal resource for learning and revising Company Law. This 4th edition has been extensively updated, and this, along with its many pedagogical features, makes it the ideal companion for students studying Company Law.

Each chapter in the book contains:

aims and objectives;

activities such as self-test questions;

charts of key facts to consolidate your knowledge;

diagrams to aid memory and understanding;

prominently displayed cases and judgments;

chapter summaries;

essay questions with answer plans.

In addition, the book features a glossary of legal terminology, making the law more accessible.
Acknowledgements xii
Guide to the hook xiii
Preface xv
Table of UK cases
xvi
Table of EU cases
xxv
Table of UK legislation
xxvi
Table of EU legislation
xlviii
1 Introduction To Company Law
1(40)
1.1 Who this book is for
1(1)
1.2 What we mean by `company law'
2(11)
1.2.1 Core company law
2(2)
1.2.2 Insolvency law
4(1)
1.2.3 Securities regulation
4(2)
1.2.4 Corporate governance
6(7)
1.3 Sources of company law
13(2)
1.3.1 Legislation
13(1)
1.3.2 Case law
13(1)
1.3.3 Foundation legal knowledge and company law
14(1)
1.4 Historical development of company law
15(5)
1.4.1 The first registered companies
15(1)
1.4.2 Limited liability for company members
16(1)
1.4.3 The model company for which company law was designed
17(1)
1.4.4 Single member and closely held companies
17(1)
1.4.5 Twentieth-century developments
18(2)
1.5 European Union company law initiatives
20(10)
1.5.1 Core company law harmonisation
21(3)
1.5.2 The Financial Services and Company Law Action Plans
24(1)
1.5.3 Freedom of establishment and cross-border mobility
25(3)
1.5.4 EU company law initiation after the 2008 financial crisis
28(2)
1.6 The Company Law Review and the Companies Act 2006
30(1)
1.7 Evaluating the Companies Act 2006
31(1)
1.8 Post-Companies Act 2006 developments
32(2)
1.9 The impact of Brexit on company law
34(7)
Further reading
37(4)
2 Legal Structures Of Business Organisations
41(40)
2.1 Introduction
41(1)
2.2 Categorising private businesses in the UK
42(5)
2.2.1 Categorisation of private businesses by legal structure
42(1)
2.2.2 Categorisation of private businesses by size
43(1)
2.2.3 Categorisation relevant to determining applicable laws
44(3)
2.3 Unincorporated business organisation legal structures
47(5)
2.3.1 Sole traders
47(1)
2.3.2 Partnerships
48(4)
2.4 Incorporated business organisation legal structures
52(10)
2.4.1 Registered companies
52(8)
2.4.2 Limited liability partnerships (LLPs)
60(2)
2.4.3 Chartered and statutory corporations
62(1)
2.5 Partnerships, LLPs and registered companies compared and contrasted
62(4)
2.6 Social enterprise private legal structures
66(6)
2.6.1 Unincorporated associations
66(1)
2.6.2 Charitable incorporated organisations (CIO)
67(1)
2.6.3 Community interest companies (CIC)
68(2)
2.6.4 UK mutual societies
70(2)
2.7 European organisation legal structures
72(9)
2.7.1 European Economic Interest Group (EEIG)
73(1)
2.7.2 European Public Limited Liability Company or Societas Europaea (SE)
73(1)
2.7.3 Single-member Company (Societas Unius Personae (SUP))
74(1)
2.7.4 European Co-operative Society (SCE)
75(2)
Sample essay question
77(1)
Further reading
78(3)
3 The Company As A Distinct And Legal Person
81(40)
3.1 The registered company as a corporation
81(1)
3.2 What is a corporation?
82(1)
3.3 The consequences of incorporation/separate legal personality
83(2)
3.4 Limited liability: a concept distinct from separate legal personality
85(3)
3.4.1 Limited and unlimited companies
86(1)
3.4.2 Shareholder payments to a company that is trading
86(1)
3.4.3 Shareholder payments to a company that is being wound up
87(1)
3.4.4 Justifications for limited liability
87(1)
3.5 Salomon v A Salomon & Co Ltd
88(3)
3.5.1 The first instance and Court of Appeal decisions
89(1)
3.5.2 The House of Lords decision
89(1)
3.5.3 Separate legal personality and insurance
90(1)
3.6 Limits on the implications of incorporation/separate legal personality
91(121)
3.6.1 Typical scenarios
91(1)
3.6.2 Self-help action to mitigate the consequences of incorporation
91(3)
3.6.3 Agency principles
94(3)
3.6.4 Tort law
97(3)
3.6.5 Trust law
100(1)
3.6.6 Statutory provisions providing alternative remedies
101(1)
3.6.7 Statutory provisions authorising piercing the corporate veil
102(1)
3.6.8 Piercing the corporate veil: court-developed limits on the consequences of incorporation
103(9)
3.7 Corporate groups
112(5)
Sample essay question
117(2)
Further reading
119(2)
4 Company Formation And Linked Issues
121(24)
4.1 Registering a UK company
121(3)
4.1.1 Where to register
121(1)
4.1.2 Registration requirements: general
122(1)
4.1.3 Registration requirements: submitting an application to register
122(2)
4.2 Specialist company formation companies
124(1)
4.3 Company numbers and names
124(7)
4.3.1 Company numbers
124(1)
4.3.2 Company names
125(5)
4.3.3 Names and the phoenix syndrome
130(1)
4.4 Promoters
131(2)
4.5 Transferring a business to a company
133(1)
4.6 Pre-incorporation contracts
134(4)
4.6.1 What is a pre-incorporation contract?
134(1)
4.6.2 What is meant by `subject to any agreement to the contrary'?
135(1)
4.6.3 Can the person made liable by s 51 enforce the contract?
136(1)
4.6.4 Can a company ratify or adopt a pre-incorporation contract?
137(1)
4.6.5 How can a company become a party to a pre-incorporation contract?
137(1)
4.7 Re-registration of a company
138(7)
4.7.1 From private to public
138(1)
4.7.2 From public to private
139(2)
Sample essay question
141(2)
Further reading
143(2)
5 The Constitution Of The Company
145(34)
5.1 What is the constitution of a company?
145(1)
5.2 The objects and capacity of a company
146(6)
5.2.1 Pre-Companies Act 2006 companies
146(4)
5.2.2 Companies registered under the Companies Act 2006
150(2)
5.3 The articles of association
152(11)
5.3.1 What are the articles of association?
152(1)
5.3.2 Drafting articles and model articles
152(1)
5.3.3 Ascertaining the articles of association
152(1)
5.3.4 Content of the articles of association
152(3)
5.3.5 Effect of the articles of association
155(8)
5.4 Amending the articles of association
163(6)
5.4.1 Statutory provisions governing amendment
163(1)
5.4.2 Contractual provisions affecting amendment
163(2)
5.4.3 Court-developed restrictions on amendment
165(4)
5.5 Contracts with terms derived from the articles
169(2)
5.6 Shareholders' agreements
171(8)
5.6.1 Matters addressed in shareholders' agreements
172(1)
5.6.2 Who is party to a shareholders' agreement?
172(1)
5.6.3 Enforcing shareholders' agreements
173(1)
5.6.4 The effect of the enforceability of shareholders' agreements
173(2)
Sample essay question
175(1)
Further reading
176(3)
6 Financing A Company
179(16)
6.1 Introduction
179(1)
6.2 Types of corporate financing
180(1)
6.3 Lease financing
181(1)
6.4 Debt financing: creditors
181(1)
6.4.1 Overdraft facilities
182(1)
6.4.2 Simple loan contracts
183(1)
6.4.3 Syndicated loans
183(1)
6.4.4 Subordinated loans
183(1)
6.4.5 Debt securities
183(1)
6.4.6 Secured lending
184(3)
6.4.7 Debentures
187(1)
6.5 Equity financing: shareholders
187(4)
6.5.1 No shareholder right to receive payment for equity capital
188(1)
6.5.2 No shareholder right to receive share capital back from the company
189(1)
6.5.3 The composition of share capital
189(1)
6.5.4 Nature of the relationship between a shareholder and the company
190(1)
6.6 Hybrid financing
191(4)
Further reading
194(1)
7 Shareholders, Shares And Share Capital
195(32)
7.1 Introduction
195(1)
7.2 Shareholders
196(3)
7.2.1 Who is entitled to the residual wealth of a company?
196(1)
7.2.2 How may shareholders realise the residual wealth of the company?
196(3)
7.2.3 Who is required to contribute to a company with unpaid debts?
199(1)
7.3 Legal nature of a share
199(9)
7.3.1 Share as a bundle of rights and liabilities
199(1)
7.3.2 Presumption of equality of shares and classes of shares
200(8)
7.4 Share capital
208(2)
7.4.1 Nominal value and premium
208(1)
7.4.2 Called-up share capital (s 547)
209(1)
7.5 Alteration of share capital
210(9)
7.5.1 Increasing the share capital
210(8)
7.5.2 Reduction of share capital
218(1)
7.6 Offering shares to the public
219(8)
Further reading
225(2)
8 Capital Maintenance And Distributions
227(38)
8.1 Introduction
227(6)
8.1.1 Can share capital protect a creditor against company trading losses?
228(3)
8.1.2 The relevance of share capital over the life of a company
231(1)
8.1.3 The meaning of `capital maintenance'
232(1)
8.2 Minimum share capital requirement
233(1)
8.2.1 Requirement to have a share capital
233(1)
8.2.2 Private companies
233(1)
8.2.3 Public companies
233(1)
8.3 Statutory prohibition on reduction of share capital except in accordance with the Act and company articles
233(7)
8.3.1 Private company reduction of share capital
233(3)
8.3.2 Public company reduction of share capital
236(1)
8.3.3 Acquisition of own shares
237(3)
8.4 Is capital maintenance important to creditors?
240(1)
8.5 Regulation of distributions
241(10)
8.5.1 Distributions
241(2)
8.5.2 Restrictions applicable to both private and public companies
243(2)
8.5.3 Additional limit on distributions by public company: net asset test
245(1)
8.5.4 Distributions in kind
246(1)
8.5.5 Remedies for payment of unlawful distributions
247(4)
8.6 Shareholder last principle on a winding up
251(1)
8.7 A broader concept of capital maintenance?
251(3)
8.7.1 Gratuitous payments to non-shareholdlers
251(1)
8.7.2 Gratuitous payments as ultra vires
251(1)
8.7.3 The `Cakes and Ale Case Law'
251(3)
8.8 Political donations
254(1)
8.9 Financial assistance for the purchase of its own shares
255(10)
8.9.1 Background to the current rules
255(1)
8.9.2 Reasons for the statutory prohibition
256(1)
8.9.3 Typical examples of financial assistance
256(1)
8.9.4 What is prohibited?
257(1)
8.9.5 Limits and exceptions to the prohibition
257(1)
8.9.6 Criminal sanctions for contravention
258(1)
8.9.7 Civil remedies for breach
258(1)
8.9.8 Reform
259(1)
Sample essay question
260(2)
Further reading
262(3)
9 Corporate Governance
265(46)
9.1 Introduction and key organs of governance of a company
265(2)
9.1.1 The UK corporate governance framework
265(2)
9.1.2 The key organs of governance of a company
267(1)
9.2 Shareholder governance
267(16)
9.2.1 Introduction
267(4)
9.2.2 Division of powers in the articles
271(2)
9.2.3 Statutory powers of shareholders
273(1)
9.2.4 Default powers of shareholders
273(1)
9.2.5 How shareholders exercise their powers
274(9)
9.3 Board of directors
283(17)
9.3.1 Board powers and decision-making
283(3)
9.3.2 Definition and classification of directors
286(7)
9.3.3 Appointing and removing directors
293(3)
9.3.4 Remuneration of directors
296(4)
9.4 Company secretary and officers
300(2)
9.4.1 Company secretary
300(1)
9.4.2 Officers
301(1)
9.5 A framework for corporate governance
302(9)
Sample essay question
305(3)
Further reading
308(3)
10 Legally Binding The Company
311(30)
10.1 Introduction
311(1)
10.2 Deeds that bind the company
312(2)
10.2.1 Use of deeds
312(1)
10.2.2 Requirements for a company to be bound by a deed
312(1)
10.2.3 Looking behind a deed
313(1)
10.3 Company seals
314(1)
10.4 Contracts that bind the company
315(3)
10.4.1 Formal agreements (deeds)
315(1)
10.4.2 Simple contracts
315(3)
10.5 Authority of the board of directors to bind the company
318(8)
10.5.1 The Companies Act 2006, s 40 and board authority
319(6)
10.5.2 The common law position and board authority
325(1)
10.6 Authority of individuals to bind the company
326(15)
10.6.1 Actual authority
326(3)
10.6.2 Ostensible authority
329(2)
10.6.3 Implied actual authority and ostensible authority contrasted
331(6)
Sample essay question
337(2)
Further reading
339(2)
11 Directors' Duties: General Considerations And Management Duties
341(28)
11.1 Introduction
341(3)
11.1.1 Approach to the study of directors' duties
341(2)
11.1.2 Control of director conflicts of interest
343(1)
11.1.3 Control of directors management behaviour
343(1)
11.2 Legislative reform of directors' duties
344(4)
11.2.1 Statutory regulation of particular transactions
344(1)
11.2.2 General duty codification initiatives
344(1)
11.2.3 Rationale for the 2006 reform
345(1)
11.2.4 Have the general duties been codified?
346(2)
11.3 To whom do directors owe their duties?
348(3)
11.3.1 Directors' duties are owed to the company
348(1)
11.3.2 Enlightened shareholder value
348(1)
11.3.3 The interests of creditors
349(2)
11.4 Management duties of directors
351(18)
11.4.1 General management duties
354(10)
11.4.2 Key specific management duties
364(2)
Further reading
366(3)
12 Directors' Duties: Conflict Of Interest Duties
369(16)
12.1 Introduction
369(2)
12.2 Directors' conflicts of interest
371(6)
12.2.1 Duty to avoid conflicts of interest
371(5)
12.2.2 Duty not to accept benefits from third parties
376(1)
12.3 Directors contracting with their companies
377(8)
12.3.1 Statutory declaration of interest to the board of directors
377(3)
12.3.2 Shareholder approval of specified transactions
380(4)
Further reading
384(1)
13 Directors' Duties: Remedies And Reliefs And Director Disqualification
385(12)
13.1 Introduction
385(1)
13.2 Remedies
386(3)
13.2.1 Remedies for breach of duty to exercise reasonable care, skill and diligence (s 174)
386(1)
13.2.2 Remedies for breach of the equity-based duties (ss 171--173 and 175--177)
386(2)
13.2.3 Remedies for failure to obtain shareholder approval for specific transactions
388(1)
13.2.4 Removal from office
389(1)
13.3 Relief from liability, indemnification, exclusion of liability and insurance
389(2)
13.3.1 Relief from liability
389(1)
13.3.2 Indemnification, exclusion of liability and insurance
390(1)
13.4 Director disqualification
391(6)
13.4.1 The basis for disqualification orders and undertakings
392(1)
13.4.2 The effect of disqualification orders and undertakings
393(1)
13.4.3 Compensation orders and undertakings
393(1)
Sample essay question
394(2)
Further reading
396(1)
14 Shareholder, Remedies
397(34)
14.1 Introduction
397(2)
14.2 The proper claimant principle
399(3)
14.2.1 Majority rule and the business judgment rule
399(1)
14.2.2 Limits to the proper claimant principle
400(1)
14.2.3 Example: proper claimant principle
401(1)
14.3 Statutory derivative claims
402(6)
14.3.1 Grounds for claim
403(1)
14.3.2 Claim procedure
403(4)
14.3.3 Costs
407(1)
14.4 Personal actions by shareholders
408(4)
14.4.1 Reflective loss: denial of the personal right to recover
409(3)
14.5 Unfairly prejudicial conduct petitions
412(11)
14.5.1 Introduction
412(1)
14.5.2 Petitioners and respondents
413(1)
14.5.3 The behaviour complained of
414(1)
14.5.4 The interests of members
415(4)
14.5.5 Remedies and costs
419(3)
14.5.6 Reform and alternative dispute resolution
422(1)
14.6 Just and equitable winding-up petitions
423(8)
14.6.1 Who may apply
423(1)
14.6.2 Foundation of the jurisdiction
423(1)
14.6.3 Relationship with unfair prejudice claims
424(4)
Sample essay question
428(1)
Further reading
429(2)
15 Restructuring, Rescuing Troubled Companies And Takeovers
431(30)
15.1 Introduction
431(1)
15.2 Schemes of arrangement and reconstruction
432(7)
15.2.1 Section 110 schemes of reconstruction
433(1)
15.2.2 Part 26 schemes of arrangement
434(5)
15.3 Company voluntary arrangements (CVA) and small company moratoria
439(3)
15.3.1 Company voluntary arrangements
439(2)
15.3.2 The small company moratorium
441(1)
15.4 Administration
442(5)
15.4.1 Purpose of administration
442(1)
15.4.2 Commencement of administration
442(1)
15.4.3 Effect of administration
443(2)
15.4.4 Ending the administration
445(2)
15.5 Takeovers
447(14)
15.5.1 Takeovers, mergers, acquisitions and disposals
448(1)
15.5.2 Scope of application of the Code
449(1)
15.5.3 The nature, purpose and general principles of the Code
449(1)
15.5.4 Outline of the basic takeover bid process
450(2)
15.5.5 Minority shareholder treatment
452(1)
15.5.6 Key additional legal rules and problem areas in takeovers
452(1)
15.5.7 Action by the target company board
453(1)
15.5.8 The Panel on Takeovers and Mergers (the Panel)
454(3)
Sample essay question
457(1)
Further reading
458(3)
16 Winding Up And Dissolution Of A Company
461(38)
16.1 Introduction
461(1)
16.2 Types of winding up
462(1)
16.2.1 Voluntary winding up
462(1)
16.2.2 Compulsory winding up
462(1)
16.2.3 Insolvent winding up
463(1)
16.2.4 Sources of insolvency law
463(1)
16.2.5 Effects of a winding-up order or appointment of a liquidator
463(1)
16.3 Secured creditors
463(13)
16.3.1 Classification of loan security
464(1)
16.3.2 Fixed charges
465(1)
16.3.3 Floating charges
466(2)
16.3.4 Charges over book debts
468(2)
16.3.5 Registration of charges
470(3)
16.3.6 Priority of charges
473(3)
16.3.7 Fixed and floating charges compared and contrasted
476(1)
16.4 Assets available for distribution
476(13)
16.4.1 Role of the liquidator
476(1)
16.4.2 Avoidance of transactions
477(10)
16.4.3 Swelling the assets: applications for contributions
487(2)
16.5 Distribution of the assets
489(3)
16.5.1 Assets subject to fixed charges
489(1)
16.5.2 The statutory order of distribution
490(2)
16.6 Dissolution and restoration
492(7)
Sample essay question
496(2)
Further reading
498(1)
17 Transparency
499(18)
17.1 Introduction
499(2)
17.2 Public disclosure under the Companies Act 2006
501(7)
17.2.1 Company registers available for public inspection
501(1)
17.2.2 Annual filings
502(6)
17.3 Public disclosure under the Financial Services and Markets Act 2000
508(2)
17.3.1 Periodic disclosure
508(1)
17.3.2 Disclosure of inside information
509(1)
17.4 The Modern Slavery Act 2015 and the Late Payment Regulations
510(1)
17.5 Audit and auditors
17.5.1 The audit requirement
510(1)
17.5.2 Appointment and removal of auditors
511(1)
17.5.3 Auditor liability
512(2)
17.6 Company investigations
514(3)
Further reading
516(1)
Glossary of legal terminology 517(7)
Index 524
Susan McLaughlin is Senior Lecturer in Law at Nottingham Law School, Nottingham Trent University.