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Travers Smith LLP has acted for Numis Securities Limited in its capacity as sponsor, broker, underwriter and joint financial adviser in connection with the proposed £200 million firm placing, placing and open offer, and offer for subscription (the capital raising) by IP Group plc (IP Group).

Travers Smith LLP is delighted to announce that real estate lawyer Emma Pereira, who will be promoted to the partnership with effect from 1 July 2017, has joined a new Education and Training Committee launched by the Association of Real Estate Funds (AREF).

In its recent report on UK Corporate Governance, the Business, Energy and Industrial Strategy Committee made recommendations for reforms that could, if adopted, mark a change in the structure of executive remuneration packages.

Concern has been expressed from several quarters about a perceived lack of transparency, at the point of sale, about the fees and other financial arrangements contained in leases of housing in two segments of our current new-build residential market; specialist retirement accommodation and leasehold houses.

Travers Smith LLP has announced today the promotion of four lawyers to its partnership, with effect from 1 July 2017. The new partners and their principal areas of practice are:

Travers Smith LLP has acted for Impact Healthcare REIT plc (Impact Healthcare) on the acquisition of 56 residential care homes and their letting to the Minster Group and the Croftwood Group. This comprised of 2,479 beds and is the first acquisition for Impact Healthcare following its IPO in March 2017.

Travers Smith LLP is delighted to announce the winners of its 2017 CSR Art Programme featuring artwork by students from the University of Westminster and Royal College of Art (RCA).

Travers Smith LLP has launched an agile working initiative at the firm.

Article 50 has been triggered and in March 2019 the UK will formally exit the European Union (EU). The status of EU nationals has been identified as an early priority for negotiations on the UK's exit. It is widely anticipated that controls will be introduced to limit the rights of EU nationals to live and work in the UK post Brexit.

Parties have settled the EMI guarantor assignment case. The controversial High Court decision still stands - a tenant cannot assign its lease to its guarantor.

Travers Smith is proud to be supporting Mental Health Awareness Week (8 – 14 May) with a series of seminars and workshops aimed at raising awareness of mental health challenges and promoting mindfulness and self-care.

Travers Smith LLP has advised Estera on its acquisition of Morgan Sharpe Administration Limited.

The 2016/17 tax year ended on 5 April and any company operating employee share incentive arrangements (whether tax-advantaged or not) will need to file online returns by 6 July 2017. Failure to file on time leads to automatic penalties (initially £100 even if a return is just one day late) so we encourage you to submit your returns as early as possible.

1 year to go until the "game-changing" new EU data protection law comes into force

The new EU General Data Protection Regulation will come into force in the UK on 25 May 2018 and, for various reasons, the Regulation (or something like it) is likely to remain a part of English law regardless of Brexit. The new UK Information Commissioner, Elizabeth Denham, was quoted in January saying "make no mistake, this one's a game changer for everyone".

Day one compliance is required.

Travers Smith LLP has advised management on the sale of Source Holdings Limited, a leading independent provider of ETFs, to Invesco UK Limited.

The Government has been considering updating UK limited partnership law for some time and, following a consultation period, has introduced reforms with a view to simplifying the pre-existing law, reducing uncertainty and administrative costs and burdens, and ensuring that the UK remains an attractive and competitive location for private investment funds in comparison to other jurisdictions.

Travers Smith LLP has advised longstanding client Bridgepoint and its investee company, Element Materials Technology Group ("Element"), on the proposed cash acquisition of Exova Group plc ("Exova") by Element. It is intended that the acquisition will be implemented by way of a Court-sanctioned scheme of arrangement under Part 26 of the Companies Act 2006.

Travers Smith LLP has advised long-standing client Patron Capital, the pan-European real estate private equity fund, on the sale of specialist neuro disability care provider The Badby Group to Elysium Healthcare, the specialist mental healthcare provider backed by BC Partners.

Travers Smith LLP has acted for Liberum Capital Limited in its capacity as financial adviser and bookrunner on the launch of EJF Investments Limited (the Fund) on the London Stock Exchange's Specialist Fund Segment today.