What would happen if a sole director shareholder were to pass away? What would happen with the shares? Who would gain control of the company? These are all questions that need to be answered for anyone who is the sole director shareholder of a business.
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BRM Solicitors have advised on a significant multi-jurisdictional deal on behalf of an overseas developer to acquire the entire share capital in a UK property development company, enabling construction of new homes in Manchester.
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It is common for commercial contracts to include clauses preventing certain actions. This post will look at what these clauses are and why they are used.
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