🇬🇧 United Kingdom - England & Wales - Corporate Law - 1 plans
Corporate law in England and Wales is primarily governed by the Companies Act 2006, which is the most comprehensive piece of UK company legislation, covering the formation, management, and dissolution of companies. It codifies directors' duties (including the duty to promote the success of the company under section 172), regulates share capital, and sets requirements for corporate reporting, accounting, and audit. The UK Corporate Governance Code, published by the Financial Reporting Council (FRC), applies to listed companies on a "comply or explain" basis.
The Insolvency Act 1986 provides the statutory framework for corporate insolvency procedures including administration, company voluntary arrangements (CVAs), and liquidation. The Corporate Insolvency and Governance Act 2020 introduced permanent reforms including a new moratorium procedure and the restructuring plan under Part 26A of the Companies Act. Corporate disputes are typically heard in the Business and Property Courts (Chancery Division) of the High Court, particularly the Companies Court and the Insolvency and Companies List. Our plans cover company formation, corporate governance compliance, shareholder disputes, insolvency proceedings, and schemes of arrangement.
The principal statute governing UK company law, covering incorporation, directors' duties (sections 170-177), share capital, accounts, audit, annual reporting, and schemes of arrangement (Part 26).
Governs corporate insolvency procedures including administration, company voluntary arrangements, liquidation, and provisions for wrongful trading (section 214) and fraudulent trading (section 213).
Introduced permanent reforms including a new freestanding moratorium for companies in financial distress and the restructuring plan (Part 26A of the Companies Act 2006) with cross-class cram-down provisions.
Published by the Financial Reporting Council, sets standards of good practice for board leadership, effectiveness, remuneration, and accountability. Applies to listed companies on a "comply or explain" basis.
England & Wales
Part of the Chancery Division of the High Court. Handles winding-up petitions, administration applications, schemes of arrangement, restructuring plans, and unfair prejudice petitions under section 994 of the Companies Act 2006.
England & Wales
Specialist court handling company law disputes including shareholder disputes, applications for just and equitable winding up, derivative claims, and company restoration to the register.
England & Wales
Hears appeals from the Business and Property Courts on corporate and insolvency matters, including appeals against sanction of schemes of arrangement and restructuring plans.
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The Open Matter Plans Network provides free, community-curated corporate law workflow templates specifically designed for England & Wales practitioners. Our England & Wales corporate law library currently includes 1 matter plan. Each plan provides a structured checklist covering every stage of a legal matter, from initial instructions through to completion, with estimated time units, key dates, and role assignments.
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