COMPANY LAW

Case Studies in a Business Context

Companion volume
Commercial Law - Case Studies in a Business Context Desmond Painter

Other Macmillan titles of related interest

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Mastering Marketing D. Foster
Mastering Basic English Law W. T. Major
Mastering Banking D. P. Whiting
Citizen 16+ B. Mothersole
 COMPANY LAW
Case Studies in a Business Context

Desmond Painter
Senior Lecturer in Law
Dorset Institute of Higher Education

M
MACMILLAN
EDUCATION
© Desmond Painter 1988
All rights reserved. No reproduction, copy or transmission
of this publication may be made without written permission.

With the exception of Part II no paragraph of this publication

may be reproduced, copied or transmitted save with written
permission or in accordance with the provisions of the Copyright
Act 1956 (as amended), or under the terms of any licence permitting
limited copying issued by the Copyright Licensing Agency, 33-4
Alfred Place, London WClE 7DP.

The purchaser is licensed to copy, for educational use only and within
the purchasing institution only, all of the material appearing within
Part II.

Any person who does any unauthorised act in relation to

this publication may be liable to criminal prosecution and
civil claims for damages.

First published 1989

Published by
MACMILLAN EDUCATIO N LTD
Houndmills, Basingstoke, Hampshire RG21 2XS
and London
Companies and representatives
throughout the word
British Library Cataloguing in Publication Data
Painter, Desmond
Company law: case studies in business
context
1. Great Britain. Companies. Law
I. Title
344.106'66

ISBN 978-0-333-43465-9 ISBN 978-1-349-09261-1 (eBook)

DOI 10.1007/978-1-349-09261-1
For Joe, Sophie and Charlotte
The names and addresses of all the people
and businesses in this book are invented, and
any resemblance to any actual person or
business is entirely coincidental
 General Contents
Acknowledgements

Part I
Introduction
Summary of Case-Study Contents
Summary of Legal Topics

Part II
Case Studies

Part III
Introduction to the Notes
Notes on each Case Study

ix
 Acknowledgements
I am grateful for their permission to reproduce copyright material to the Controller of
H.M. Stationery Office, the Registrar of Companies, the Principal Registrar of the
Family Division of the High Court, the Law Society, Oyez Services Ltd, the Controller
of Stamps, Inland Revenue, Fourmat Publishing Ltd, the Head of Publications at the
Stock Exchange, the General Manager of Barclays Bank pic, the Advertisement
Marketing Manager of the Daily Telegraph and the Financial Editor of the Guardian.
The Chartered Association of Certified Accountants and Bob Drury kindly allowed
me to use ideas from the Association's past examination papers.
Many colleagues have helped me with ideas, material, criticism and advice: in
particular, Michael Bond, Cliff Baxter, Stewart Dickinson, Roger Exall, Paul
Fitz-John, Simon Lillington and Ted Wildey; they do not, however, bear any
responsibility for errors or omissions in the final result. The practical problems of
production have been much eased by the friendly help of the staff of the Computer
Services Unit at Dorset Institute of Higher Education, and by the guidance and
tolerance of my editors at Macmillan Education Ltd. Throughout the long process of
gestation, the support and encouragement of my wife Beatrice and our three children
has been a constant strength.

xi