Client Alert

| August 12, 2010

End to the Sole Corporate Director Regime for UK Companies

As of 1 October 2010, all companies incorporated in the United Kingdom will be required to have at least one "natural person" as a director (a human being rather than, for example, a "legal person" such as a corporate body). The aim of this provision is to ensure that an individual can, where appropriate, be held accountable for the actions of a company.

For more information, please contact your Dewey & LeBoeuf relationship partner, or one of the following:

Jim McNally

+44 20 7459 5311

Simon Briggs

+44 20 7459 5352

This memorandum is intended only as a general discussion of these issues. It is not considered to be legal advice. We would be pleased to provide additional details or advice about specific situations. For additional information on this important topic, please feel free to call upon your Dewey & LeBoeuf relationship partner. No part of this publication may be reproduced, in whole or in part, in any form, without our prior written consent. For further information on Dewey & LeBoeuf, please visit www.dl.com. +1 888 532 6383