The law relating to the formation, operation and liquidation of companies is provided primarily by the Companies Act 1993 and cases under that and related legislation. The Companies Act 1993 contains detailed provisions about the requirements for the formation of a company. It prescribes rules and regulations for the conduct of company business for the protection of shareholders and creditors. It has detailed provisions for claims against companies. It controls the process for liquidation of companies either voluntarily or by Court order. It has provisions concerning directors' responsibilities and obligations including wrongful behaviour by directors.
Members with expertise in this area provide advice on all of those provisions and can at any stage of that process. That assistance may be in the giving of advice or the preparing of documents. It may be in relation to claims by or against a company through the Court process. It may be in relation to directors and their responsibilities and obligations and any claims or proceedings that may be brought against a director.
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