AML RightSource’s Post

Most companies know that the legal advice they receive from their lawyers is privileged. However, they should also be aware that in a dispute between the company and a shareholder, their legal advice may not be privileged and could be disclosed.   The “general rule” is that where a company gets legal advice and pays for it out of the company’s funds, a shareholder has a right to see it. However, recent cases have cast doubt on this principle, particularly due to the realities of modern companies.   It is likely the Supreme Court will reformulate the rule. In the meantime, Directors should be cautious and consider their position at the time advice is given. If you find yourself entering a dispute, the expertise of our team will be able to help- please get in touch. #shareholderdisputes #commerciallaw #londonlawyers

LegalBillReview.com is gearing up for CLOC (Corporate Legal Operations Consortium) 2024, the ultimate gathering for legal operations professionals! Come meet our expert team, including Aaron Isaacson, JD, and Ryan Loro, at booth #212. We're eager to connect, answer any questions, and offer valuable insights on how to reduce your legal spend. See you there! #CGI2024 #LegalBillReview #LegalOps #LegalOperations

The subject of legal privilege is one that always makes me slightly nervous! In this update from Hogan Lovells, a recent case is examined on the application of legal privilege in cases involving a company and its shareholders. The 'shareholder principle' generally prevents a company from asserting legal privilege to refuse disclosure of documents to its shareholders. Like much of company case law, this principle arises from a somewhat archaic decision that pre-dates our current understanding of the relationship between a company and its shareholders and was certainly made long before CREST accounts were even dreamed of! It will be interesting to see where this goes next! #LegalPrivilege https://lnkd.in/eJVnVntR

More questions for The Law Society...

As British lawyers, many of us have witnessed the repercussions when company directors stray from their fiduciary duties. Recent high-profile cases have not only made headlines but have also underscored the critical role we play in advising and safeguarding corporate integrity. Our conference on Company Directors Behaving Badly: A Legal Update with thought speakers David Impey, Rachel McCahill, Richard Mendoza, Richard Ascroft, John Brisby, Cristin Toman and Oliver Caplan - will guide you through the key areas in a very practical way. Click on the image below to find out more details and book your places now. #CorporateLaw #Insolvency #LegalUpdate #CompanyDirectors #OnlineLearning

What Corporates Want: depth of team https://lnkd.in/eSHcRn5d High-earning businesses place most value on the depth of the external legal teams advising them, according to a survey of nearly 29,000 in-house counsel #whatcorporateswant #managingip #ipstrategy #inhouse #businessoflaw

🔍 Eager to unravel the complexities of corporate governance? Join us for the finale of our 'Directors' Duties' series, where Commercial Litigation Solicitor Mollie Leak explores Sections 175, 176 and 177 of the Companies Act 2006. 💼 Uncover invaluable insights on: 📌 Section 175: Navigating Conflicts of Interest 📌 Section 176: Rejecting Third-Party Benefits 📌 Section 177: Disclosing Interests in Company Transactions Stay compliant, lead effectively, and safeguard your business! 🔗 Read the full article here: https://lnkd.in/eN67xdXK Have a question about Directors' Duties? Reach out to Mollie Leak and our Commercial Litigation team on 023 8063 9311 or email enquiries@warnergoodman.co.uk. #DirectorDuties #CompanyDirector #CompaniesAct2006 #CommercialLaw #CorporateLaw #CommercialLitigation #BusinessCompliance #LegalInsights

A legal adviser plays a crucial role in corporate success. They provide expert guidance on legal matters, ensuring compliance with regulations and mitigating risks. From contract drafting and negotiation to dispute resolution and corporate governance, legal advisers offer invaluable support. Their expertise helps businesses make informed decisions, protect their assets, and maintain a positive reputation. By proactively addressing legal challenges, legal advisers contribute significantly to the long-term sustainability and growth of corporations. At Leginta AI get legal advice at lowest price.

🖋️ Unveiling the Untapped Potential: The #Power_of_Attorney and Its Significance in #International_Trade! Explore our latest blog post to understand the role of the Power of Attorney in empowering businesses to act on behalf of others in legal matters related to trade. Unlock its potential: https://lnkd.in/eY7prdXr 

Limited companies are run by directors – and these directors have specific legal duties outlined in the Companies Act 2006. Learn more in our guide.