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Can a Company Director Be Personally Sued for a Business Contract?

Can a Company Director Be Personally Sued for a Business Contract?

Many business owners are unsure whether a company director can be personally liable for breaches of a business contract. A recent dispute handled by IMD Corporate shows how misunderstanding legal standing and the Civil Procedure Rules can lead to unnecessary litigation and avoidable legal costs. The case involved two private limited companies — a restaurant in the hospitality sector (Company A) and a construction firm (Company B) — and centred on one key issue: who was the correct party to issue court proceedings against. The absence of a written contract and confusion over corporate legal identity led to litigation that could have been avoided through correct procedural steps.

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You made an offer. Can this be terminated?

As the offeror, you have extended an offer to the offeree. Can this offer be terminated? Are you locked in, waiting for them to accept or decline? Is your offer on the table forever?  In fact, offers can be terminated before acceptance under specific circumstances. Understanding how and when an offer can be terminated is key to maintain clarity, ensure legal compliance in contractual dealings, and encourage parties to cooperate.

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Why Russian Clients Remain Valuable to Western Industries Despite Sanctions: The Overlooked Risks of the Information Secrecy and Anti-Sanctions Regimes

Despite the ongoing geopolitical tensions and the sanctions imposed on Russia, many Russian clients continue to be valuable for Western industries such as the financial sector, legal services, and wealth management. These sectors have traditionally maintained strong relationships with high-net-worth individuals and corporations in Russia. However, Russia’s Information Secrecy Regime (ISR) and Counter-Sanctions Information Regime (CSIR) pose new challenges that many compliance specialists may overlook.

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construction contract negotiation

Comprehensive analysis of a high-value construction contract negotiation

Introduction to the Case The construction sector frequently encounters legal complexities, particularly when substantial projects are at stake. A compelling instance of such complexity is observed in a contract negotiation between a European company and a UK local authority. The project, with a valuation of approximately £25 million, aimed at developing housing under a design […]

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Sports Entertainment

Facilitating the Establishment of a Sports Entertainment Venture

The establishment of a public entertainment venture whether on a large or a small scale presents a unique set of challenges, this is especially so when this involves international stakeholders. IMD Corporate regularly advises the sports and entertainment industry and played a crucial role in assisting establishment of this sports entertainment venture, assisting the founders […]

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International Divestment

International Divestment: IMD Corporate advises on a £10million Deal

Liaising with the Competition and Markets Authority (‘CMA’) is a regular feature in M&A deals, in particular involving the heavy-hitters in the marketplace. IMD Corporate has recently advised an overseas manufacturer on a purchase of a UK manufacturing business which was divested as part of the mandate by the CMA, reaffirming our expertise in competition […]

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The Validity of E-Signatures in the UK

In an era dominated by technological advancements, the validity of electronic signatures become a crucial aspect of legal transactions in the United Kingdom and across the world. This article explores key considerations surrounding the use of e-signatures, including the intention to authenticate, the pragmatic approach of courts and legislation, and various examples of acceptable e-signature […]

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acquisition of Activision Blizzard by Microsoft

Industry Update: A lesson learned from the acquisition of Activision Blizzard by Microsoft

In an outcome that surprised no-one with their ear to the ground, one of the largest and most controversial mergers of 2023 concluded successfully with Microsoft’s acquisition of Activision Blizzard in October this year, drawing a close to the saga that had the potential to have wide-reaching consequences for all industries and affected millions of […]

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Agreement as to the fees may not suffice to create a binding contract by e-mail

This article is especially for those who tend to negotiate their fees via e-mail exchange, which, as we know, is a usual practice these days. Solicitors do it as well, just as many of our clients do in their business practices. We often enter into agreements online with good usage of electronic signatures, to save […]

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