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Legal Developments by:
Kingsley Napley LLP

  • Financial assistance: whitewashed by the Companies Act 2006

    Undoubtedly, the most eagerly awaited provision contained in the most recent Companies Act 2006 (the 2006 Act) implementation in October 2008 was that in relation to financial assistance. One of the overall aims of the 2006 Act was to significantly reduce the administrative burdens involved with running a company. To what extent have the changes to the financial assistance regime eased the regulatory burdens on directors and the workload of their lawyers?
    - Kingsley Napley

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