Too much of British company law frustrates, inhibits, restricts and undermines. It is over-cautious, placing too high a premium on regulation and avoidance of risk. The company remains the choice of corporate vehicle for over a million businesses,...

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Issue:

Miscellaneous

 

Written by:

Sally L

 

Date added:

May 1, 2015

 

Level:

University

 

Grade:

A

 

No of pages / words:

9 / 2471

 

Was viewed:

980 times

 

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Essay content:

A White Paper, "Modernising Company Law" was presented in July 15th 2002 by the Secretary of the State for Trade and Industry setting out the Government's proposals for simplifying and modernising Company law. The present framework over UK Company law was not the product of judge-made common law but mostly the result of parliamentary reform mechanisms, of committees and of political and commercial pressure groups...
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Though, these alterations took place through a series of partial reviews and piecemeal changes, making it a lot complicated. It is written in a way which makes it particularly difficult to identify those provisions which apply to smaller companies. According to that, the Government followed the path of the Review that a more appropriate way forward is to tailor the core of the Company law to fit the smallest companies which are mostly private and in extent add extra safeguards where necessary for public companies...
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