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Vol 23 No 5 May/June 2018

Book of the Month

Cover of Drafting Commercial Agreements

Drafting Commercial Agreements

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ISBN13: 9780752003955
ISBN: 075200395X
Published: June 1997
Publisher: Sweet & Maxwell Ltd
Country of Publication: UK
Format: Hardback
Price: Out of print

This Special Report is the first in-depth response to the current trend towards demutualisation. Written by a team of experts who have been directly involved in several high profile demutualisations, it gives practitioners the high level guidance they have been waiting for.

It deals with:-

  • The legal, strategic commercial and tax aspects involved in the demutualisation process, as well as specific considerations for different types of mutual body
  • The distinction between conversion and takeover
  • What benefit packages can and cannot be given to members of a mutual undergoing a change in status
  • The complexities arising from s100 of the Building Societies Act 1986 and Sched 2C to the Insurance Companies Act 1982.

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Company Law
Part 1 Insurers: outline of current commercial factors influencing decision to demutualize; making the decision - directors' duties; methods of demutualization; Schedule 2C Insurance Companies Act 1982; implementation of specific structures; tax; regulatory consents; special issues.
Part 2 Building societies: the Building Societies Act 1986; reasons to demutualize; demutualization and alternatives to demutualization - the principal options; the second and third options involving demutualization - detailed consideration of the issues; other regulatory issues.