The new CA 2006 is now downloadable and has been for some time, along with its explanatory notes. I am perplexed by the enormity of it all, although currently I am reviewing the new part on directors' duties and issues on their interpretation. The CLR stated its intentions to have this list exhaustive, 'modestly' stating that they had 'not been able to think of any new principles, nor areas' where added development from the courts could be of relevance. The CA and its explanatory notes do not state this decisively, although section 171(3) states that the list shall have effect in place of the common law rules. Whether that leaves the door open for the courts interpretations and rulings, is beyond my area of expertise, as non - UK
This is my space for thoughts, ideas and sources on company law, corporate governance and in particular different board structures, as well as the function, role and position of non-executive, outside and supervisory directors. This is also my little blog where I can drift off and post my comments on what I am reading as well as stating my frustrations on some of what I come across. As for my project my focus is on UK, US and German law, as well as on relevant EU sources
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