British Company Law

A session at ASLIB Training: British Company Law with Christopher Murphy

Understand the key legal principles which govern corporate activity

Company Law is typically viewed as "very important, but far too difficult for non-specialists". This course distils the key legal principles which govern corporate activity for those who lack the time to follow lengthy conventional legal courses, through real life examples and examination of actual company documents.

The workshop will cover:

Company Law:
Historical evolution of British company law and fundamental concepts
Sources of company law: statutes, statutory instruments and case law
European dimension – EU company law directives
Comparisons with some other jurisdictions – USA, Europe, tax havens

Limited liability and types of company:
Unlimited and limited companies
Private and public companies
Small and medium companies
Quoted companies
Complex company structures: holding companies, subsidiaries and associate companies
Consequences of legal form for public information disclosure.

Company formation and financing:
Registration at Companies House and key documents created
Types of share capital – authorized, issued, equity, preference, convertible
Company borrowing – bank overdrafts, secured loans, corporate bonds

Company decision takers:
Duties and powers of directors, other company officers and shareholders
Company records as a source of biographical data

Corporate reporting and disclosure:
Annual report and accounts – contents and layout
Other Companies House filings and company registers
Prospectuses: when needed, what included and where found
Variations in the quality of disclosure

Corporate crimes and dangers and dissolving companies:
Fraud, false accounting, unlawful trading, insider dealing
Signs that a company may be in trouble
Disqualification of directors and DTI inspections
Voluntary winding-up, insolvency, bankruptcy, liquidation

Radical reform: the 2006 Companies Act:
Background to the reform proposals
Major changes introduced by the Act

Why you should attend:

This course distils the key legal principles which govern corporate activity for those who lack the time to follow lengthy conventional legal courses. It also goes beyond setting out the formal legislative framework to examine how these rules are applied in practice in British companies, featuring copious real life examples and looking at actual company documents. The course also identifies sources for researching companies and their directors.

On completing the course, you will be able to:

* Understand what company law provisions are intended to achieve
* Distinguish the theoretical legal position from business reality
* Decipher corporate legal jargon
* Assess which types of company information are available to researchers - and which are not
* Trace and use company documents – a vital tool for analysing a business
be aware of the significance of the 2006 Companies Act - the biggest ever shake-up of company law

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Date Wed 14th May 2014

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