UK: England and Wales: Law Commission annual report published

The Law Commission for England and Wales has published its annual report. With regard to the Commission's final report Company Security Interests, published in 2005 and which proposed major reforms, the annual report states:

We were disappointed that the then Department of Trade and Industry was not able to include our recommendations within the Companies Act 2006. We await a formal decision on whether the Government accepts our recommendations and, if so, how it intends to implement them".