As a general principle, a company may make “distributions” to shareholders out of profits available for the purpose, but not out of capital. The circumstances in which a company may properly make distributions to its shareholders are governed by two sets of rules: those in Part 23 of the Companies Act 2006,...

Appearing for majority shareholder on 4-day costs and consequentials hearing including determination of costs liability where petitioner had failed to establish some allegations in unfair prejudice petition.

Despite the fact that the UK has now left the EU, issues concerning the interpretation of EU regulations will continue to affect litigants in this jurisdiction for some time to come. Alec McCluskey recently represented a claimant seeking to obtain repayment of interest-free loans made in England to a resident...

Ryan Turner was instructed as junior counsel on behalf of the successful appellants before the Court of Appeal in a claim for damages for fraudulent misrepresentation as a result of the acquisition of loss-making business assets (led by Thomas Grant KC) and subsequently in actions to debar the judgment debtors...

Thomas Munby and James Mitchell were instructed by Georgina Squire and Hannah Sharp of Rosling King LLP on behalf of WWRT Limited and led by Andrew Ayres QC of Twenty Essex. Facts WWRT Limited (“WWRT”) had obtained, ex parte, a worldwide freezing order (“the WFO”) against Mr Serhiy Tyshchenko (“ST”)...

Facts The taxpayer company appealed the First-tier Tribunal's refusal of its claim that it was entitled to capital allowances in respect of the costs of launching six satellites.The International Maritime Satellite Organisation (IMSO) had entered into a series of contracts for the construction of six satellites which were novated...