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Revised every year so that students and practitioners can be sure that they are referring to the most up-to-date text available, this book aims to present company law, with all its intricacies and detail, in straightforward fashion. The legislative framework of company law is explained with discussion of the provisions relating to the creation, financing and management of companies and their insolvency and winding up. The abundant case law on the subject is carefully presented and analysed, with quotations from important judgements. Many references are provided to relevant academic articles and there is a full discussion of the proposals for reform made by the Company Law Review. In this edition full consideration is given to the far-reaching effects of the Financial Services and Markets Act 2000, along with in-depth analysis of the repercussions the House of Lords judgement in Johnson v Gorewood and Co has had on the lower courts.