Contractual terms: when an interpreter is required

Dr Jonathan Milner has flagged his intention to call a general meeting of Abcam PLC, an English company listed on the Nasdaq stock market, where he will seek to replace the current Chairman. However, his open letter suggests potential hurdles which investors in English companies listed on US and other foreign stock exchanges may face when trying to exercise shareholder rights.

There are many reasons why people put their businesses up for sale. It may be to reap the rewards of long years of hard work and sacrifice, or to make the most of a super opportunity. Alternatively, it may be the case that they just wish to move the business on as succession planning.