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A recent Court of Appeal decision approved the decision in Mopani Copper Mines plc v Millennium Underwriting Ltd that the court may take into account deleted words which have been removed by modification.
From 6 April 2016, most UK companies, LLPs and Societas Europaea became required to maintain a register of "persons with significant control" (PSCs).
Andrews Kurth LLP
The English law of damages for breach of contract is founded upon the compensatory principle: that damages should place the claimant in the same situation with respect to damages as if the contract had been performed.
Whilst there were factors pointing against such an intention, the judge held that the terms of the document in question and the conduct of the parties viewed objectively lead to the conclusion that the term sheet was valid and enforceable.
Clyde & Co
In a decision dated 16 December 2015, the English High Court considered whether there was sufficient clarity in an agreement allowing for delayed payment of gasoil.
Goodman Derrick LLP
As of 6 April 2016, there are new Regulations which will be in place which will have an impact on all private unlisted companies and LLPs.
CMS Cameron McKenna LLP
An assignment of rights under a contract is normally restricted to the benefit of the contract. Where a party wishes to transfer both the benefit and burden of the contract this generally needs to be done by way of a novation.
From 6 April 2016 unlisted companies (including corporate trustees) will be required to keep a register of individuals who have significant influence or control over the company.