Month: July 2020

Asia Life Sciences; 07/29/2020(AN 146089559)Academic Search Complete Article source: https://search.ebscohost.com/login.aspx?direct=true&AuthType=sso&db=a9h&AN=146089559&site=ehost-live&custid=s2775460

The Finance Act 2020 received Royal Assent a few days ago and has now been published: see here or here (pdf). The Act includes – in section 100 and schedule 13 – provisions making directors jointly and severally liable, in certain circumstances involving insolvency or potential insolvency, for amounts owing by companies to HMRC. Background…

The Law Commission for England and Wales has published a consultation paper and draft legislation designed to reform the law concerning the transfer of ownership in consumer sales contracts, following the report, Consumer Prepayments on Retailer Insolvency, it published several years ago (here, pdf). Views are sought on proposed transfer of ownership rules for contracts…

Media Release Article source: /content/DisplayDoc.aspx?doc=media_releases/2020/49.htm

The Accounting and Corporate Regulatory Authority is consulting on proposed amendments to the Companies Act (and subsidiary legislation): see here. Included is a provision to abolish the requirement – currently found in section 174 of the Act – that “Every public company that is a limited company and has a share capital shall, within a…

The Charity Commission for England and Wales issues a handful of regulatory alerts each year. These have, increasingly in recent years, focused on the threat of fraud. In its most recent alert, addressed to large charities, the Commission has, however, focused on the importance of governance: see here. The alert follows an investigation by the…

Media Release Article source: /content/DisplayDoc.aspx?doc=media_releases/2020/48.htm

The UK Supreme Court will give judgment next Wednesday in Lehtimäki v The Children’s Investment Fund Foundation (UK), on appeal from [2018] EWCA Civ 1605, [2018] WLR(D) 423. The issue before the court, to quote directly from its summary, was this: “Does the court have jurisdiction to direct members of a charitable company on how…

Rather belatedly I note that a revised edition of Japan’s Stewardship Code was published earlier this year: see here. Article source: http://corporatelawandgovernance.blogspot.com/2020/07/japan-revised-stewardship-code-published.html

The Comisión Nacional del Mercado de Valores (CNMV) has published a new edition of the Good Governance Code for Listed Companies. A copy of the new Code, in Spanish, is available here (pdf). A summary of the changes contained in the new edition, in English, is available here (pdf). Article source: http://corporatelawandgovernance.blogspot.com/2020/07/spain-cnmv-publishes-new-edition-of.html