This account of company law is updated and revised every year so that students and practitioners can be sure that they are referring to the most up-to-date text available. Its appeal is its ability to present company law, with all its intricacy and detail, in a straightforward fashion. This edition comes complete with important new legislation, including the Public Offers of Securities Regulations 1995 and the new rules of court governing derivative actions, and discussion of the extensive review of company law currently being undertaken by the Law Commission and the Department of Trade and Industry. The abundant case law on the subject presented and analyzed with quotations from important judgments. Important new cases considered in this edition include the House of Lords decisions in "Hamilton v Naviede" and "Powdrill v Watson", and the Court of Appeal decisions in "Barrett v Duckett", "George Fischer (Great Britain) Ltd v Multi Construction Ltd and Re Grayan Building Services Ltd. The extensive academic debate on the subject is summarized with references to the principal periodical literature for further reading.