Operating a business as a limited company offers significant advantages but also carries with it a requirement to comply with a multitude of regulations and legislation.
Our specialist solicitors can advise company officers on the most suitable corporate structure, the formalities involved in the day to day running of their business and how to correctly follow relevant procedures.
Our team can advise on a wide range of company law matters including:
- Corporate structures
- Company formations
- Company administration and meetings
- Directors’ duties
- Amendments to articles of association
- Allotment, transfers, reclassification and sub-division of shares
- Share schemes
- Appointment and removal of directors
- Shareholders' rights and remedies
Directors’ duties and removing a director
Mark Williams is currently advising a client in relation to directors’ duties and the procedure to be followed to remove a director. This includes not only advising on the relevant duties that apply to all directors, providing a view on whether these duties have been breached by the director in question and advising on the procedure to be followed to remove a director (either by the remaining directors or the shareholders of the company) but also ensuring that any steps and actions taken do not give rise to any claims by that director or any allegations of unfair prejudice against that director in his capacity as a shareholder of the company.
Mark Williams is involved in providing detailed advice to the directors of a company to guard against a threat of ‘unfair prejudice’ being brought by a dissentient shareholder. The advice includes ensuring that the steps and actions taken by the directors of the company minimise the risk of any allegations of unfair prejudice and ensuring that the rights of the shareholders are adhered to and satisfied.
Reclassification and subdivision of shares
Gemma Ritchie has recently acted for a number of companies in restructuring their share capital to create differing classes with differing rights attaching to those shares. This often involves redrafting Articles of Association of the company in order that those rights are properly reflected in the company’s constitution and also to ensure that the Articles are brought up to date to reflect recent changes in company law.
Based in East Sussex but serving a much wider area, Gaby Hardwicke Solicitors has offices in Hastings, Bexhill, Cooden and Eastbourne.
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