Our knowledge resources reflect the breadth and depth of our expertise, our insight into the issues which matter to your business, and our understanding of the markets in which you operate.
Travers Smith LLP has advised Mears Group PLC, a leading service partner to the UK social housing and care sectors, on the acquisition from Mitie Group PLC of its maintenance services business. The acquired business provides reactive and planned maintenance services to housing clients in the UK.
On 15 November 2018, the European Court of Justice ("ECJ") found in favour of a challenge to the European Commission’s 2014 decision to give state aid approval to the scheme establishing a Capacity Market in the UK. As a result, the Capacity Market has entered into a 'standstill period' - preventing the Government from holding any capacity auctions or making any capacity payments, until such time as it successfully obtains state aid clearance.
Key employment and business immigration developments for employers.
Price matching rights were the subject of a recent dispute between Rangers Football Club and Sports Direct. They typically allow an incumbent supplier to match an offer that its customer has obtained from a competing supplier.
Travers Smith LLP has announced today the election of Kathleen Russ as the firm’s new Senior Partner with effect from 1 July 2019. Kathleen will succeed Chris Hale who has held the post since 2013.
Travers Smith LLP has advised Livingbridge on the sale of its Baronsmead VCTs and Equity Funds investment management business (the “VC Business”) to Gresham House plc, a specialist alternative asset manager listed on the London Stock Exchange.
The European Medicines Agency (the EMA) is set to relocate to Amsterdam after Brexit and want to exit their London-based lease on the basis of the principle of legal 'frustration'. Its landlords, Canary Wharf Group, argue that they should still be liable for their leasehold obligations for the rest of the 25 year term, ending in 2039.
Travers Smith LLP has advised an investment vehicle backed by August Equity LLP on its strategic investment in Charterhouse Voice and Data ("Charterhouse").
Travers Smith LLP has advised Merian Chrysalis Investment Company Limited (the "Company"), which will be advised by Merian Global Investors (UK) Limited and invest in later-stage private companies, on its initial public offering and listing on the Main Market of the London Stock Exchange.
Travers Smith LLP has advised Hiyacar Limited on its recent fund raise of up to £5 million from Itochu and existing shareholders.
Travers Smith LLP is delighted to announce that Contact the Elderly will be the firm's major charity partner for 2018 – 2020.
Over the summer, EU judges reached an important decision which vindicates the European Commission's stance that even minority investors can be liable for the competition infringements of investee companies.
Travers Smith Partner and Head of Pensions Daniel Gerring has been ranked at number 15 in the 2018 OUTstanding LGBT+ Role Models list, in the LGBT+ Executives category, which was revealed in the Financial Times today. Daniel is one of only three private practice lawyers in the Top 20 this year.
In The State of The Netherlands v Deutsche Bank AG [2018] EWHC 1935 (Comm), the High Court ruled that the Transferor of cash collateral under a standard form 1995 ISDA Credit Support Annex was not obliged to pay, or otherwise account for, interest to the Transferee where the contractually stipulated rate was negative. The decision provides certainty to an issue that the market has sought to deal with contractually by way of ISDA's 2014 Collateral Agreement Negative Interest Protocol.
On 21 September, the Scottish Court of Session – the highest court in Scotland – overturned an earlier decision and permitted a group of cross-party politicians to refer a question to the European Court of Justice (ECJ) as to the revocability of an Article 50 notification (Wightman v Secretary of State for Exiting the European Union). The poor reaction to Theresa May's proposed Chequers plan, from the public and from EU leaders at the Salzburg Summit, make the full hearing to answer this question, scheduled for 27 November, all the more relevant.
Travers Smith LLP has advised The Access Group, one of the UK's leading providers of software to mid-market customers, on its acquisition of iCareHealth.
HM Treasury and the FCA have published draft regulations and rules which contain their respective Brexit proposals for investment funds. These are designed to facilitate the "onshoring" of EU legislation relating to investment funds, including AIFs and UCITS funds, and to establish a temporary permissions regime following the UK's withdrawal from the European Union.