Business Law and Corporate Law

The UK Commercial Payments Bill proposes sweeping reforms to address late payment practices, including mandatory 60-day payment caps, non-excludable statutory interest rates, and new enforcement powers for the Small Business Commissioner. With Royal Assent anticipated in early 2027, businesses must prepare for significant changes to payment terms, procurement processes...

As companies prepare for mandatory reporting in 2027 under Provision 29 of the UK Corporate Governance Code (which applies to financial years beginning on or after 1 January 2026), the Financial Reporting Council...

A Supreme Court ruling examines whether a director who deliberately delayed a company sale beyond a shareholder agreement deadline breached fiduciary duties under section 172 of the Companies Act 2006, even though he genuinely believed the delay would benefit the company financially. The case clarifies that the good faith requirement extends beyond a director's thought process to encompass their actual conduct, establishing important boundaries for directorial discretion when contractual obligations conflic