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This week's edition of Corporate weekly highlights includes the latest developments on Brexit, including the Royal Assent of the European Union (Withdrawal Agreement) Act 2020, final preparations for exit day and the European Commission’s Brexit Q&As, as well as guidance from the Competition and Markets Authority on how Brexit will affect its powers and processes. It also looks at a recent case, Russell v Cartwright and others, on whether fiduciary duties or obligations of good faith were found or implied between parties in a joint venture and a Quoted Companies Alliance survey showing investor concerns over de-equitisation.
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Corporate analysis: The Economic Crime and Corporate Transparency Act 2023 (ECCTA 2023) received Royal Assent on 26 October 2023. This video considers the background to ECCTA 2023 and its provisions in overview. It forms part of a series of videos to be released by the Lexis+® UK Practical Guidance
Micklefield clausesWhat is a Micklefield clause?It is common for employee share plans to provide that, on termination of employment (or when an employee is given or receives notice of termination of employment), subsisting share awards will be forfeited and subsisting share options will lapse.It is
Financial clean break orders in family proceedingsDuty of the court to consider a clean breakAlthough there is no presumption in favour of there being a financial clean break between parties on divorce, the court is under a duty to consider whether it would be appropriate to exercise its powers so
Early leavers—preservationFORTHCOMING DEVELOPMENT: Section 10 of the Finance Act 2022 will increase the normal minimum pension age (NMPA) from 55 to 57 on 6 April 2028 (save for members of the firefighters, police and armed forces public service pension schemes).The Finance Act 2022 will also give
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