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New Identity Verification Requirements: A Key Milestone under ECCTA
On 30 April 2025, the UK’s corporate landscape took another step forward in its transparency drive with the introduction of mandatory identity verification for directors, People with Significant Control (PSCs), and those filing information on behalf of companies. This latest change, brought in under the Economic Crime and Corporate Transparency…
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Preparing Your UK Company for VC Investment: Legal Checklist
If you’re a start-up or even a more mature business looking to grow, you might well be considering venture capital (VC) investment. We frequently help businesses like yours to gain funding and successfully move to the next stage of their development, so here are a few things to consider, but…
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Virtual Meetings
Since the COVID-19 pandemic, there has been a surge in annual general meetings (AGMs) and board meetings being held remotely. During the pandemic, the UK government implemented temporary regulations permitting remote meetings, although these regulations have since lapsed. While some companies have returned to physical meetings, many continue to operate…
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4 key things directors need to know about the Economic Crime and Corporate Transparency Act 2023 (ECTA)
The fight against economic crime in England is about to get a significant boost with the implementation of the Economic Crime and Corporate Transparency Act 2023 (ECTA). This landmark legislation, which received Royal Assent in October 2023, aims to tackle two key areas: strengthening law enforcement’s tools to combat economic…
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Minority Shareholders – Key rights and protections
Under English law, without a shareholder agreement or enhanced articles of association, a majority shareholder in a private limited company holds considerable power. Risks for minority shareholders Minority shareholders should seek to protect their interests to avoid risks which, with standard articles and no adequate shareholder agreement, commonly include: Ordinary…
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How to remove directors
Removing directors – how to do it and potential consequences The principal role of a company director is, in conjunction with the other directors, to run the company on a day to day basis in accordance with legal requirements set out within the Companies Act 2006 (the “Act”) and the…
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Balancing the Interests of Founder Shareholders and Investors: The Art of Getting a Shareholders’ Agreements Right
Starting and growing a business brings with it many challenges, including managing the delicate balance between the sometimes competing interests of founder shareholders and investors. Striking this balance is vital for long-term success of the business. Shareholders’ agreements play a pivotal role in defining the rules and responsibilities of shareholders,…
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Companies House: Proposed Verification
Companies House may soon change the information it requires from company directors, Persons of Significant Control (PSCs), relevant legal entities and individuals making filings to the Registrar. The proposed change is linked to the anticipated Royal Assent of the Economic Crime and Corporate Transparency Bill (the Bill) in spring 2023.