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Good intentions aren't good enough: Saxon Woods Investments Limited v Francesco Costa and the objective test for directors under section 172 of the Companies Act 2006

In July 2026, the Supreme Court handed down judgment in Saxon Woods Investments Limited v Francesco Costa [2026] UKSC 21, addressing important issues of company law, including whether an individual director can "go it alone" and subvert the collective will of the board if they genuinely believe that pursuing an alternative strategy is in the best interests of the company.

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What the UK's tough new rules on late payment mean for your business

The UK Government is making major changes to the law on late payment – including fines for businesses which fail to pay suppliers on time, a prohibition on payment periods over 60 days and a new adjudication system for certain payment disputes. These measures are likely to lead to a significantly tougher regulatory environment, particularly for larger businesses which regularly use SME suppliers.

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