The Legal 500

When a company is proposing to apply for admission of its shares to AIM on an initial public offering (IPO), legal due diligence is an integral part of the process required to be carried out by the company. Legal due diligence is primarily designed to help minimise potential liability for the company and its board of directors, who have primary responsibility for the admission document. The nominated adviser to a company, however, is also responsible to the London Stock Exchange for assessing the appropriateness of the company for AIM, and legal due diligence plays a key role in this. Legal due diligence will highlight at an early stage of the process any issues that need to be dealt with to ensure that the company will be suitable for admission to AIM. Through this process, the company will also gather the information required to be included in the admission document.

Shook, Hardy & Bacon currently authors the Insurance section of The In-House Lawyer magazine. For more information and articles from this author click here .

Shook, Hardy & Bacon currently authors the Insurance section of The In-House Lawyer magazine. For more information and articles from this author click here .

WilmerHale currently authors the Fraud and Corporate Crime section of The In-House Lawyer magazine. For more information and articles from this author click here .

Burges Salmon LLP currently authors the Environment and Energy section of The In-House Lawyer magazine. For more information and articles from this author click here

Macfarlanes LLP currently authors the Litigation & Dispute Resolution section of The In-House Lawyer magazine. For more information and articles from this author click here .

Druces currently authors the Insolvency and corporate restructuring section of The In-House Lawyer magazine. For more information and articles from this author click here .

Arnold & Porter (UK) LLP currently authors the EU & Competition section of The In-House Lawyer magazine. For more information and articles from this author click here .

Edwards Wildman Palmer UK LLP currently authors the Contract section of The In-House Lawyer magazine. For more information and articles from this author click here .

Shook, Hardy & Bacon currently authors the Insurance section of The In-House Lawyer magazine. For more information and articles from this author click here . In the event that a safety problem is identified with one of your products, you will need to undertake a risk assessment to comply with the General Product Safety Directive.

Macfarlanes LLP currently authors the Litigation & Dispute Resolution section of The In-House Lawyer magazine. For more information and articles from this author click here . This article considers the Supreme Court decision in VTB Capital plc v Nutritek International Corp & or s [2013]. Perhaps the most striking aspect of the case is that it casts doubt on the notion that the Court has the power to pierce the corporate veil. The Supreme Court also held that, even if the power to pierce the corporate veil does exist, it does not enable a claimant to hold parties that control a company jointly and severally liable under contracts entered into by that company.