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It is a limited liability company whose shares may be freely sold and traded to the public (although a PLC may also be privately held, often by another PLC), with a minimum share capital of £50,000 and usually with the letters PLC after its name. [1] Similar companies in the United States are called publicly traded companies.
R v Panel on Take-overs and Mergers; Ex parte Datafin plc [1987] QB 815 is a UK constitutional law, company law and administrative law case of the Court of Appeal.It extended the scope of judicial review in English law to private bodies exercising public functions.
Note: A few UK based law firms have merged with another entity which may be located outside of the UK for example London's Allen & Overy merged with New York's Shearman in May of 2024, the result of this is the removal of the US revenue and number of lawyers from the list to just account for its UK operations.
UK law always required that some nominal value be set, because it was thought that a lower limit of some kind should be in place for how much shares could be sold, even though this very figure was chosen by the company itself. [67] Every share, therefore, is still required to have a nominal value and shares cannot be sold at a price lower. [68]
Aktiengesellschaft : literally "stock company" ≈ public limited company (plc) (UK), Inc. (US); minimum capital €50,000. eingetragene Genossenschaft (e.G.): registered cooperative; Körperschaft des öffentlichen Rechts: corporation under public law; main purpose is non-commercial, part of public administration; others
UK law on merger control follows European Union law. The competence to deal with issues that only affect the UK market falls under the OFT and Competition Commission's jurisdiction. These two institutions are influential players in the development of European merger law. The term under EC law for merger is "concentration", which exists when a...
The Companies Act 2006 (c. 46) is an act of the Parliament of the United Kingdom which forms the primary source of UK company law.. The act was brought into force in stages, with the final provision being commenced on 1 October 2009.
Adams v Cape Industries plc [1990] Ch 433 is a UK company law case on separate legal personality and limited liability of shareholders. [1] The case also addressed long-standing issues under the English conflict of laws as to when a company would be resident in a foreign jurisdiction such that the English courts would recognise the foreign court's jurisdiction over the company.