Section 172(1) of the UK Companies Act 2006 requires directors to act in the way they consider, in good faith, would be most likely to promote the company’s success. But what standard of behaviour does this require?
The GT London Law Blog, published by Greenberg Traurig, LLP, covers a range of legal topics relevant to the UK and international markets. It addresses regulatory and legislative developments affecting employment law, financial services regulation, corporate governance, and real estate sectors. The blog discusses government initiatives such as reforms to noncompete clauses, systemic risks posed by non-bank financial institutions, and evolving compliance requirements in the housing sector. It also explores issues related to regulatory capital requirements and the impact of financial regulations on lending practices. The content is aimed at legal professionals and business stakeholders seeking updates on policy changes and their practical implications.
The UK’s Competition and Markets Authority has published a discussion paper identifying agentic AI as a potential step-change in how consumers interact with markets, with significant implications for competition law compliance. Businesses developing, deploying, or procuring agentic AI systems should…