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Financial Assistance for the Acquisition of Shares

Financial Assistance for the Acquisition of Shares

Author: Catherine Roberts
Publisher: Oxford University Press
ISBN: 9780199285693
Published In: October 2005
Format: Hardback , 256 pages
Jurisdiction: U.K. ? Disclaimer:
Countri(es) stated herein are used as reference only

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Description
Contents
Author

Details

The first book to focus solely on this subject
A detailed and concise guide to a very complex area of company law
Gives clarity to existing legislation
Minimises risk of advising on this difficult area where clients might suffer criminal sanctions
Includes a section of case summaries of key cases vital to interpretation of the legislation
Problem areas are tackled and solved
Written by leading experts in the field

This is a practical guide to the subject of financial assistance for the acquisition of shares, in which the authors give a detailed analysis of the current legislation and a critical review of the relevant case law. Financial assistance is a complex, technical and highly regulated aspect of company law, and mistakes have serious civil consequences and criminal sanctions. This book assists practitioners with the interpretation of this difficult area of law and allows them to advise with confidence.

Financial assistance is one of the most challenging areas of company law. It is renowned for causing practical difficulties and for the risk involved of giving advice on this area. This book seeks to interpret the position of financial assistance by close reference to the statutory material and abundant case law. Part I deals with the derivation of the legislation and sets out the legislation verbatim with a commentary thereon. Part II contains further analysis of the component parts of the prohibition on the giving of financial assistance. Part III offers factual and critical analysis of some of the most significant cases on this area of the law. The relevant cases will also be cited in Part I and II.

Readership: Commercial solicitors and barristers specialising in company and financial/banking law; in-house legal departments; academics; reference libraries; graduate students.

Part I
INTRODUCTION
1: FINANCIAL ASSISTANCE 1928-1980
2: FINANCIAL ASSISTANCE AND THE COMPANIES ACT 1981
3: STRUCTURE OF THE FINANCIAL ASSISTANCE PROVISIONS IN THE COMPANIES ACT 1985
4: LAW REFORM AND FINANCIAL ASSISTANCE
Part 2
THE CURRENT LEGISLATION
5: ANNOTATED GUIDE TO THE COMPANIES ACT 1985
6: THE PROHIBITION ON FINANCIAL ASSISTANCE
7: SECTION 153 DS "PRINCIPAL PURPOSE" AND "LARGER PURPOSE" EXEMPTION AND FURTHER EXEMPTIONS
8: SECTIONS 155DS158 - THE "WHITEWASH" PROCEDURE FOR PRIVATE COMPANIES
9: COURT PROTECTION FOR DISSENTING MEMBERS
10: LEGAL CONSEQUENCES OF A BREACH OF SECTION 151
Part 3
11: RELEVANT CASELAW DS COMMENTARY AND ANALYSIS