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The model articles (Model Articles) contained in the Companies Act 2006 (CA 2006) are automatically incorporated into the constitution of a company incorporated pursuant to the CA 2006...
This article considers two recent cases on the actions of sole directors under the Model Articles and what steps sole directors, corporate shareholders, and potential acquirers of corporate groups containing sole director companies, should consider as a result.
The Austrian Company Law Digitalisation Act 2022 (Gesellschaftsrechtliches Digitalisierungsgesetz 2022) comes into force on 1 October 2022.
In the recent case of Re Active Wear Limited, High Court ruled purported out-of-court administration appointment by sole director of company with unmodified model articles was valid notwithstanding earlier High Court decision in Re Fore Fitness Investments Holdings Ltd.
The outcome of a recent legal case has potential ramifications for sole directors of private limited companies operating under Model Articles.