ILO publishes a series of legal Newsletters which provide expert legal commentary in the form of concise, regular news updates. The Newsletters are written in collaboration with over 500 of the world's leading experts and cover more than 100 jurisdictions.
The new Commercial Code includes a detailed process on the conversion of a company's legal form. This process was not regulated in detail under the previous code, although certain provisions dealt with the process and the effects of the conversion depending on the original legal form. Overall, the Commercial Code provides a comprehensive regime governing both the conversion process and the consequences of conversion for all shareholders.
Richmond Pharmacology Ltd v Chester Overseas Ltd is an example of a claim for breach of confidence where, although liability was established, only nominal damages (£1) were awarded to the claimant. It illustrates the importance of a claimant in such cases valuing its claim properly and establishing the causal link between the breach committed by a defendant and the loss suffered by the claimant.
For more information, please contact:
Tom Gillett, Manager
International Law Office
New Hibernia House
London, SE1 9AG
Tel: +44 20 7234 0606
Fax: +44 20 7234 0808