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Are parent company letters of support legally binding?

CMS Cameron McKenna
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United Kingdom
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May 14 2013

The High Court has decided that letters of support provided by a parent company did not have contractual force. The letters did no more than provide

Simpler rules for buying back shares from employees and other small shareholders

CMS Cameron McKenna
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United Kingdom
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April 30 2013

As of 30 April 2013, it has become slightly easier for private companies to buy back their own shares, including shares held by employees. At first

Common law multiple derivative actions

CMS Cameron McKenna
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USA
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April 23 2013

The general rule when a wrong has been committed against a company is that only the company itself is entitled to bring an action against the

Directors' remuneration in listed companies - an update

CMS Cameron McKenna
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United Kingdom
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April 15 2013

As reported in our previous Law-Now, the Department for Business Innovation & Skills (BIS) last year introduced draft legislation requiring listed

Combating late payments: a new path for Romania

CMS Cameron McKenna
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Romania
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April 12 2013

Law no. 722013 came into force on 5 April 2013, and contains several measures designed to combat late payment of obligations resulting from

Potential unlimited liability for passive shareholders of liquidated companies

CMS Cameron McKenna
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Hungary
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April 8 2013

Shareholders who fail to intervene to stem the losses in a company they control may be held personally liable for the company's debts if it is

Focus on: corporate manslaughter

CMS Cameron McKenna
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United Kingdom
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March 27 2013

In April 2008 the Corporate Manslaughter and Corporate Homicide Act 2007 (Act) came into force. The Act abolished the common law offence of gross

Italian experts convicted of manslaughter for failing to predict earthquake

CMS Cameron McKenna
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Italy
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March 27 2013

Seven expert members of the Italian National Commission for the Forecast and Prevention of Major Risks have been convicted of manslaughter in Italy

Buyer protections reduced by members’ voluntary liquidation

CMS Cameron McKenna
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United Kingdom
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March 21 2013

Share purchase agreements often include indemnities or covenants to pay designed to protect the buyer for a period after completion where some

Is there an implied duty of good faith?

CMS Cameron McKenna
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United Kingdom
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March 19 2013

In many other jurisdictions - for example, in continental Europe, Australia and North America - contracting parties have duties of good faith and

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Search results

Are parent company letters of support legally binding?

Simpler rules for buying back shares from employees and other small shareholders

Common law multiple derivative actions

Directors' remuneration in listed companies - an update

Combating late payments: a new path for Romania

Potential unlimited liability for passive shareholders of liquidated companies

Focus on: corporate manslaughter

Italian experts convicted of manslaughter for failing to predict earthquake

Buyer protections reduced by members’ voluntary liquidation

Is there an implied duty of good faith?

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