<p>Filter Knowledge</p>

The legislation setting out the EU's revised anti-money laundering regime has been published in the Official Journal. 

Key employment and business immigration developments for employers

New day, new Government! With the sun having set on the previous 14 years of Conservative administration, Labour have now seized the reins.

With the Labour Party winning a landslide in the 2024 General Election, the UK is likely to see significant changes to employment law. In the leadup to the election, the Labour party promised the "biggest upgrade to rights at work for a generation".

Despite continued global economic and geopolitical uncertainty, and with the UK general election today, H1 2024 has seen improved levels of public M&A activity in the UK. There was a total of 30 firm offers announced in H1 2024 for UK public companies listed on the Main Market or AIM (25 in H1 2023). A further 10 public companies are currently subject to a 28-day put up or shut up (PUSU) period, and there have been six formal sale processes.

This briefing is for trustees and managers of DC occupational pension schemes. It outlines the latest legal developments and ongoing initiatives in the DC world, with links to issues of our regular publication 'What's Happening in Pensions' (WHiP) and other resources for those who want to read more. 

Travers Smith LLP has advised the senior management team of Partner in Pet Food (“PPF”), a market-leading European pet food manufacturer, on the sale of a majority stake in PPF by Cinven to funds managed by CVC. The closing of the transaction is subject to regulatory approvals and other customary closing conditions.

Travers Smith LLP is delighted to announce the promotion of eight lawyers to Senior Counsel, effective from 1 July 2024.  

In February 2024, the Law Commission published – by way of a short consultation – its draft Property (Digital Assets etc) Bill (the Bill).

A regular briefing for the alternative asset management industry. 

Travers Smith LLP advises on the £880 million buy-in of the Rolls-Royce & Bentley Pension Fund

Travers Smith has advised long-standing client and leading independent infrastructure manager Ancala Partners on the acquisition of Solandeo, a fast-growing owner and operator of smart meters in Germany.

Artificial intelligence tools can be a game changer in outsourcing and other contracts for services - promising big wins in terms of costs, time, accuracy, scalability and productivity, to benefit both sides of the negotiating table. To reap those benefits, it is important to stay on top of the "new" risks associated with the use of AI in these arrangements.

In commercial contracts, the terms of payment are usually a key element of the parties' bargain – so if a customer fails to pay a material sum on time, then surely the supplier should have a right to terminate the contract? Quite possibly, but in practice it may not be as straightforward as this – and if the supplier reaches for the "big red termination button" prematurely, without a careful assessment of its rights, it can be a costly mis-step.

Travers Smith LLP is delighted to announce its partnership with new client, nsave.

In its decision dismissing the appeal against the Competition Appeal Tribunal's ("CAT" or "Tribunal") order for two Defendant groups to use a single joint expert at trial, the Court of Appeal has made clear that the Tribunal's duty to restrict expert evidence to that which is reasonably required to resolve the dispute is the paramount consideration. While the issues of proportionality and the potential for conflicts of interest are relevant considerations in determining whether separate experts are required, those considerations must be assessed against the requirement to dispose of cases justly.

The UK Government has repeatedly emphasised its aim to remain "proportionate and well-targeted" and as "pro-business and pro-investment as possible" through its operation of the National Security and Investment Act (NSIA) regime. 

Travers Smith has advised long-standing client, Terrapinn, the global media and events company on the acquisition of ARABLAB LIVE, the Middle East's premier exhibition for the community of laboratory users the chemical, energy, medical, biotech, food and environment industries.

With the general election now set for 4 July 2024, the main political parties have released their election manifestos. Below we summarise the key pledges of the main political parties relating to employment law and business immigration.