Corporate finance update

United Kingdom
CMS Cameron McKenna has recently produced a bulletin update on various aspects of corporate finance law.  Issues covered in this bulletin include:
  • Treasury Shares – relevant to quoted companies who, from December 2003, can buy their own shares to hold "in treasury" instead of having to cancel them
  • Sarbanes-Oxley Act update
  • A new leading case on Financial Assistance
  • Changes to the AIM rules
  • Second edition of UKLA Newsletter – this article highlights how the UKLA will address certain issues including the requirement to be clear in listing particulars about the risks of investing in securities
  • Breach of listing rule 9.2 – Marconi's breach demonstrates the need to release price sensitive information without delay or suffer the consequences
  • Other issues include Directors Remuneration, amendments to the Takeover Panel rules and proposed introduction of electronic payment of dividends via CREST.

To download a copy of the pdf please click here.

Alternatively, for more information, please contact Gary Green on +44 (0)20 7367 2111 or at gary.Green@cms-cmck.com or Peter Bateman on +44 (0)20 7367 3145 or at peter.bateman@cms-cmck.com or Simon Howley on +44 (0)20 7367 3566 or at Simon.Howley@cms-cmck.com .