Thursday, 12 April 2012

UK: England and Wales: break fee was unlawful financial assistance

A copy of the transcript for Paros Plc v Worldlink Group Plc [2012] EWHC 394 (Comm) was published on BAILII yesterday: see here. The trial judge held, amongst other things, that a break fee in an agreement constituted unlawful financial assistance under section 151 of the Companies Act 1985.

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