Jurisdiction(s):
United Kingdom

Related legal acts

Key definition

Minor definition

What does Minor mean? In legal practice, “minor” describes a person who has not reached the age of majority and so lacks full legal capacity in some contexts. In England and Wales and in Northern Ireland, majority is 18 (Family Law Reform Act 1969; Age of Majority Act (Northern Ireland) 1969), broadly aligning with the statutory “child” (under 18). Minors cannot conduct civil proceedings without a litigation friend (or equivalent) and are generally not bound by contracts other than for necessaries and beneficial contracts of service (see Minors’ Contracts Act 1987). In Ireland, the Age of Majority Act 1985 sets 18, with similar contractual...

Squeeze-outs and sell-outs in UK takeovers: Companies Act 2006 thresholds, procedures, consideration choices, overseas shareholders, treasury shares, options, court applications and de-listing

Published by a LexisNexis Corporate expert

Practice notes

Produced with input from Rebecca Cousin of Slaughter and May on market practice

The Companies Act 2006 (CA 2006) includes provisions that allow or require an offeror, following a takeover offer, to acquire offeree shares where acceptances have not been received or given. These are termed:

squeeze-outs: the offeror’s right to compulsorily buy the shares of shareholders who have not assented
sell-outs: the right of non-assenting shareholders to insist the offeror purchases their shares

In each case, the purchase is on the same terms as the offer. These statutory mechanisms apply to both public and private UK companies whenever there is a “takeover offer” as defined by CA 2006 (see Requirement for a takeover offer below). There is no requirement for the offer to be regulated by the City Code on Takeovers and Mergers (the Code). Accordingly, these provisions have no application to takeovers structured as schemes of arrangement, under which the offeror will obtain 100% control once the scheme becomes effective...

To view the latest version of this document and thousands of others like it, sign-in with LexisNexis or register for a free trial.

Web page updated on 21/05/2026

Popular documents

Using the Judicial College Guidelines to assess general damages in personal injury claims

When evaluating a general damages claim, the practitioner ought initially to refer to the Judicial College Guidelines (JCG)...

Tomlin orders in England and Wales: CPR guidance on drafting, confidentiality, approval, variation, enforcement, limitation, CCA issues, court-specific requirements, sample wording and precedents

This Practice Note This Practice Note reviews mechanisms used in settling litigation. A Tomlin order consists of a consent order paired with a schedule. It operates to stay proceedings on terms that have been agreed. The provisions contained in the schedule may remain confidential. This Practice Note describes the scope of confidentiality attaching to the schedule and sets out how it differs from a standard consent order. Sample wording for a Tomlin order is included, alongside links to precedents, as well as guidance on court approval. It also addresses varying, setting aside and enforcing a Tomlin order, including the considerations the court will take into account when handling applications for each. Further guidance is provided on interpreting and applying the relevant provisions of the CPR; however, some courts and divisions impose very specific requirements for both drafting and approval, and for approaching the schedule and confidentiality issues. Accordingly, you must consider the particular rules and court guide provisions in the forum where your claim is proceeding when drawing up the Tomlin order...

Precedent: Deed of Surrender of Lease with Optional Premium, Settlement and Release, Landlord, Mortgagee and Guarantor Consents, Reimbursement and HM Land Registry Provisions (England and Wales)

Date [ date ] Parties [ name of Landlord ] [ of OR incorporated in England and Wales (company registration number [ number ]) with its registered office at ] [ address ] (Landlord) [ name of Tenant ] [ of OR incorporated in England and Wales (company registration number [ number ]) with its registered office at ] [ address ] (Tenant) [ [ name of Guarantor ] [ of OR incorporated in England and Wales (company registration number [ number ]) with its registered office at ] [ address ] (Guarantor) ] [ [ name of Mortgagee ] [ of OR incorporated in England and Wales (company registration number [ number ]) with its registered office at ] [ address ] (Mortgagee) ] Definitions Within this Deed, the terms below shall be interpreted as follows: [ Annual Rent • the annual sum reserved under the Lease; ] [ Insurance Rent • the Tenant’s share of the Landlord’s costs of insuring the Property (as set out in the Lease); ] Lease • the lease of the Property dated [ date ], entered into between (1) [ the Landlord OR [ name ...

Precedent Statutory Declaration: Standard Wording under the Statutory Declarations Act 1835

I, [ name ], of [ address ], solemnly and sincerely state that: [ Matters to be verified, set out in numbered paragraphs ] I make this solemn statement in good conscience, believing it to be true, and pursuant to the provisions of the Statutory Declarations Act 1835. DECLARED at [ details ] this [ day ] day of [ month and year ] Before me ................................................................................ [ signature of the person before whom the declaration is made ] A [ commissioner for oaths OR [ solicitor OR [ insert other qualification ] ] authorised to administer oaths ]...