Lee Roach
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leeroach.bsky.social
Lee Roach
@leeroach.bsky.social
This Bluesky account accompanies my Company Law textbook, published by Oxford University Press. Provides Company Law and Corporate Governance updates. Third edition due in April 2026.
Numerous provisions of the Economic Crime and Corporate Transparency Act 2023 come into force today

legislation.gov.uk/uksi/2023/1206…
February 27, 2025 at 2:43 PM
The key aspect of the Act from a company law perspective is that it will, when the relevant sections come into force, repeal specified retained EU law relating to financial services.
February 27, 2025 at 2:34 PM
The principal proposed change will be the replacement of standard and premium listing with a single listing category.
February 27, 2025 at 2:31 PM
Activision has now also (somewhat forcefully) responded to today's decision by @CMAgovUK to block its acquisition by Microsoft.
February 27, 2025 at 2:30 PM
The Parker Review on boardroom ethnic diversity publishes its 2023 update report and sets new targets:

ey.com/en_uk/news/202…
February 27, 2025 at 2:27 PM
Jacob Rees-Mogg has been appointed as the Secretary of State for BEIS. 🤦🏻‍♂️
February 27, 2025 at 2:15 PM
To those interested in Commercial Law, the 4th edition of my Commercial Law text (co-authored with Eric Baskind and Greg Osborne) is published today. Comes to LawTrove in September:

global.oup.com/academic/produ…
February 27, 2025 at 2:05 PM
Brief details were also provided regarding the Economic Crime and Corporate Transparency Bill (see pp 81-82):

assets.publishing.service.gov.uk/government/upl…
February 27, 2025 at 2:05 PM
The Queen's Speech also contained brief details on Financial Services and Markets Bill (see pp 56-56):

assets.publishing.service.gov.uk/government/upl…
February 27, 2025 at 2:05 PM
In the Queen's Speech, the government announces the Draft Audit Reform Bill (see pp 49-50):

assets.publishing.service.gov.uk/government/upl…
February 27, 2025 at 2:05 PM
Happy to announce that the 2nd edition of my Company Law text is now available. Comes to LawTrove in September:

global.oup.com/academic/produ…
February 27, 2025 at 2:01 PM
Chelsea Football Club is owned by Chelsea Football Club Ltd. The company has one person listed in its register of persons with significant control, namely Fordstam Ltd, which holds 75% or more of the shares in Chelsea Football Club Ltd:

…te.company-information.service.gov.uk/company/019651…
February 27, 2025 at 1:59 PM
The FTSE Women Leaders Review publishes its first report:

ftsewomenleaders.com/wp-content/upl…
February 27, 2025 at 1:58 PM
Interesting case involving the disqualification of a non-executive director (see paras 26 and 27):

bailii.org/ew/cases/EWHC/…
February 27, 2025 at 1:57 PM
And here is the announcement in Tesco's interim results that the claims have now been settled:

otp.tools.investis.com/clients/uk/tes…
February 27, 2025 at 1:40 PM
Government to look into how to convert paper shares into electronic form:

assets.publishing.service.gov.uk/government/upl…
February 27, 2025 at 1:38 PM
Following media focus on difficulties facing energy companies, Avro Energy announces that it is ceasing to trade.
February 27, 2025 at 1:38 PM
High Court holds that, under s 217 of the Ia 1986, one liability is established against the company, the defaulting director automatically becomes liable:

bailii.org/ew/cases/EWHC/…
February 27, 2025 at 1:38 PM
High Court holds that a member who commences an unfair prejudice petition, but then ceases to be a member, continues to have standing to bring the petition:

bailii.org/ew/cases/EWHC/…
February 27, 2025 at 1:38 PM
The Supreme Court expresses some doubt (albeit obiter) as to whether the 'evasion principle' established in Prest is a coherent principle:

supremecourt.uk/cases/docs/uks…
February 27, 2025 at 1:30 PM
Maximum terms of imprisonment increased for insider dealing and financial services offences.
February 27, 2025 at 1:28 PM
Amendments made to the market abuse regime regarding insider lists and managers' transactions.
February 27, 2025 at 1:28 PM
One of the effects of the Bill would be to introduce new rules for the transfer of goods if the company goes into administration or liquidation.
February 27, 2025 at 1:28 PM
High Court holds that s 176 of the CA 2006 does not replace the tort of bribery, and a director may be liable under s 176 and the tort of bribery:

bailii.org/ew/cases/EWHC/…
February 27, 2025 at 1:21 PM
High Court provides useful guidance on the principles to apply when determining whether to grant leave to a disqualified director (see para 34):

bailii.org/ew/cases/EWHC/…
February 27, 2025 at 1:19 PM