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Mercury signing – guidance on the execution of documents

Following the decision in the Mercury Case, a practice of ‘virtual signings and closings’ has developed to avoid the logistical problems in getting a document signed. This guidance provides a non-exhaustive range of options...more

The PSC Regime – Persons with Significant Control

Background This is the third in a series of client alerts published about the Small Business, Enterprise and Employment Act 2015 (SBEEA) - the impetus for a number of changes to the Companies Act 2006. ...more

Avoiding Unenforceable Penalty Clauses

The Supreme Court in 2015 reviewed and redefined the rules governing unlawful penalty clauses. The new test considers whether there is a legitimate interest in creating damages or a fine and whether such fine imposes an...more

The Small Business, Enterprise and Employment Act 2015

The Small Business, Enterprise and Employment Act 2015 (the ‘Act’) received Royal Assent on 26 March 2015 and its implementation will change a number of aspects of company law over the next 18 months. In June, Reed Smith...more

No more bearer shares – Warning: Deadline looming

Since the Small Business, Enterprise and Employment Act 2015 (SBEEA 2015) received Royal Assent on 26 May 2015: ..New bearer shares/warrants (bearer shares) may no longer be issued as from 26 May 2015 ..Those which...more

6/24/2015  /  Bearer Shares , Small Business , UK

Contracting with the Ghanaian government or government entities – some guidance for the international community from the Supreme...

Introduction - In its recent decision in the case of Felix Klomega v The Attorney General and others, the Supreme Court in Ghana has provided much needed guidance to the international community when looking to contract...more

10/3/2013  /  Africa , Contracting Procedures
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