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Podcast Location:
Download it here [file size: 19.1 MB]
Law Categories:
Company Law
CPD Points:
One Point - details »

Due to the difference in guidelines between the SRA and the Bar Standards Board, CPD points are awarded differently for Solicitors and Barristers...

Regulated by the Solicitors Regulation Authority:
Listen and pass the test: Gain 1 accredited CPD point (60 minutes)
Listen only, gain ½ a CPD point (30 minutes)

Regulated by the Bar Standards Board:
Listen and pass the test, gain ½ an accredited CPD point (30 minutes)
Listen only, gain ½ a CPD point (30 minutes)

Cost:
Standard rate: £25 - Corporate users will pay less.
Spring Offer:   Sign up (free) and download this CPDcast for free!
Length:
30 minutes of audio
(+ optional 5 minute accreditation test)
Streaming Audio:
Yes Downloadable as MP3:    Yes
Contributor(s):
Course Aims:

This podcast is suitable for all levels of users and will provide a round up of the most important corporate law developments in the last quarter of 2007. Users will: learn about the provisions of the Companies Act 2006 which took effect on 1 October 2007; learn about the delays to implementation of other parts of the Companies Act 2006 announced on 7 November; understand the approach taken by the Financial Services Authority to applications under Part VII of the Financial Services and Markets Act 2000 following recent judicial comment; understand the implications of the abolition of the prohibition on financial assistance for private companies; and understand the changes to the procedure for effecting reductions of capital and schemes of arrangement as from 1 October 2007.

Outcomes:
After completing the course you will:
  • Have gained an understanding of the piecemeal basis by which the Companies Act 2006 is being introduced;
  • Understand the implications of the delay to implementation of other parts of the Companies Act 2006 announced on 7 November;
  • Have learnt about he recent change of approach adopted by the Financial Services Authority to applications under Part VII of the Financial Services and Markets Act 2000 and the reasons for the change of approach;
  • Have learnt the implications of the abolition of the prohibition on financial assistance for private companies;
  • Have learnt about the terms of the Companies Court Practice Direction which took effect on 1 October 2007.
Accredited CPD Time:
30 minutes
Level:
Intermediate Intermediate
Sources and References:
  • The Companies Act 2006;
  • The Financial Services and Markets Act 2000, Part VII;
  • The Companies Court Practice Direction, October 2007.

In this podcast, Andrew Thornton of Erskine Chambers talks about a number of recent issues which have arisen during the last quarter of 2007 and the first quarter of 2008 in the company law field. In particular, discusses those parts of the Companies Act 2006 introduced in October 2007 and consider the implications of the delay to the 1 October 2007 implementation announced in November 2007. Andrew also discuss the effect of the Companies Court Practice Direction which came into effect on 1 October 2007, the proposed changes to the creditor protection regime relevant to court approved reductions of capital and the recent change in practice adopted by the FSA in relation to insurance and banking schemes under Part VII of the Financial Services and Markets Act 2000.

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