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.
In an environment where costs are increasingly unpredictable and escalating, pricing mechanisms based on cost plus a margin may seem an attractive option, at least for suppliers. But as we explain below, there are a number of pitfalls for the unwary – and it's vital to build in appropriate contractual protections.
In the aftermath of the Brexit referendum, the UK Government made a broad commitment not to reduce workers' rights – even though many supporters of Brexit often cited aspects of EU-derived employment law as prime examples of "unnecessary EU red tape".
Travers Smith LLP is delighted to announce it has been awarded the "CSR Innovation" award at the Law.com Innovation Awards.
In their recent "In Practice" article, What can a borrower do when a lender fails to fund?, Donald Lowe and James Bell examine market standard provisions designed to mitigate the risk posed by so called "Defaulting Lenders" and explore the options for a Borrower faced with a Lender that is unable to honour its lending commitments. This article was first published in the May 2023 issue of Butterworths Journal of International Banking and Financial Law.
Environmental, social and governance (ESG) considerations have come to the fore of real estate investment strategy during recent years. In the first of our briefings on this topic, we consider three developments in legislation in the "E" space and how those developments present challenges but also opportunities for the care home and senior living sectors to contribute to the overall debate on how to implement "E" objectives within the built environment.
HMRC have announced that the mechanism for calculating bonus rates for SAYE participants will change from August which is expected to result in a bonus being provided to new participants for the first time in nearly 10 years. If you are thinking of adopting a new SAYE plan or planning to issue invitations under your existing plan over the summer, this announcement could have an impact on your timetable and is something you should discuss with your legal advisers and savings provider.
On 24 May 2023, the European Commission unveiled its long-awaited Retail Investment Strategy, comprising a proposal for a Retail Investment Directive amending the UCITS Directive, AIFMD, MiFID and the Insurance Distribution Directive, and a proposal for a new Retail Investment Regulation amending the PRIIPS Regulation.
Travers Smith LLP has advised Shawbrook Bank on a speciality finance facility, including a multi-million pound revolving credit facility, to real estate lender Zenzic Capital.
We are pleased to present the first edition of "Pensions De-risking", our periodical update on developments in the pensions de-risking marketplace. This first edition includes topical content on illiquid investments in the context of de-risking activity and links to other Travers Smith content on the increasingly recurring theme of pension scheme surpluses.
Ireland's Data Protection Commission (DPC) has published its decision following its inquiry into Meta Platforms Ireland's transfer of personal data from the EU/EEA to the US for Meta's Facebook service. The corrective steps it has ordered and €1.2 billion fine, the largest ever issued under GDPR, are a substantial, albeit expected, blow for Meta.
Travers Smith LLP has launched its latest open source project, YCNBot, in collaboration with 273 Ventures. YCNBot allows organisations to deploy ChatGPT, and its underlying capability, in a safer way to their people.
This was the fourth buy-in transaction with Legal & General, securing in total the benefits of approximately 67,000 members. Travers Smith advised the Scheme on its three previous buy-in transactions in November 2021, May 2022 and January 2023 as part of the Scheme's strategic partnership with Legal & General.
A regular briefing for the alternative asset management industry.
Travers Smith LLP has advised longstanding client Investec Growth & Leveraged Finance on senior debt facilities to support Cairngorm Capital Partners LLP (Cairngorm Capital) with the financing of portfolio company Verso Wealth Management (Verso).
Travers Smith LLP is delighted to announce the appointments of Doug Bryden and Heather Gagen as Co-Heads of ESG and Impact. The newly appointed Co-Heads will have responsibility for co-ordinating the firm's client delivery and knowledge offering on ESG and will lead the firm's ESG and Impact Group, supported by Simon Witney, Senior Consultant at the firm and a specialist in sustainable finance regulation, plus a team of partner specialists.
Travers Smith Tax Partner, Hannah Manning and Tax Senior Counsel, Elissavet Grout have authored an article published in the Solicitors Journal.
Key employment and business immigration developments for employers.
Travers Smith has advised long-standing client Breedon Group plc on its move from AIM to the Premium Listing Segment of the Official List and to trading on the Main Market of the London Stock Exchange today.
Travers Smith LLP has advised longstanding client abrdn on a LP-led secondary transaction involving the sale of part of its interests in a 3i managed co-investment fund which holds Action to certain third party buyers (the "Buyers").