<p>Filter Knowledge</p>

Last week one of the most significant conferences related to biodiversity concluded in Canada. COP15 has come shortly after the close of COP27 and attendees sought to agree a new set of goals to hopefully halt and reverse the worrying loss of natural capital that our planet is currently facing.

Travers Smith LLP has advised Lifezone Metals, a developer of cleaner metals for EV batteries, on its combination with GoGreen Investments (NYSE: GOGN).

In this briefing we look at some of the key changes to law and practice that we anticipate taking place in 2023 which will affect the real estate sector, focussing on real estate development, real estate investment, real estate M&A, real estate occupiers, the senior living sector and the private rental sector.

A regular briefing for the alternative asset management industry. 

The appeal concerned two issues. The first issue was the scope of litigation privilege – the respondent defendants ("the Bank") sought to know which individuals were authorised to give instructions in relation to the proceedings on behalf of the appellant claimant ("Loreley"). Loreley claimed that this information was privileged.

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Travers Smith LLP has advised longstanding client Safestore Holdings plc and its French business Une Pièce En Plus on a refinancing of its debt facilities.

In a recent judgment given in the context of a case involving competition and intellectual property claims, Mr Justice Marcus Smith adopted a striking and unconventional approach to disclosure, placing the burden of a relevance review on the receiving party, not the disclosing party. Having originally ordered the parties to follow the "standard" PD51U (now PD57AD) disclosure model, the judge subsequently replaced this with a regime where the parties were required to conduct a disclosure review, targeted not at the identification and disclosure of relevant documents, but at the narrow exclusion of unequivocally irrelevant, and privileged, documents, with all other documents to be provided for inspection.

Last month the UK Government announced it will give businesses another two years to apply the new UKCA product safety markings and continue to recognise the EU CE mark during the extended transitional period.

Travers Smith has advised Crestchic plc ('Crestchic') on its £122m public takeover by Aggreko Limited ('Aggreko'), one of the global market leaders in power and temperature control solutions.

Travers Smith LLP has advised long-standing client Adventurous Journeys Capital Partners (AJ Capital Partners) on its acquisition of the four-star Adelphi Portrush Hotel, situated on the north-coast of Northern Ireland.

The Competition Markets Authority (CMA) is investigating whether online mattress and bed seller Emma Sleep has breached consumer law by making misleading claims about urgency, including the use of countdown timers for discounted deals. This investigation may be the start of a wider crackdown by the CMA on potentially harmful online selling practices.

PRIIPs is dead. Now is the chance to get a proper replacement. 

The Chancellor has today announced the Edinburgh Reforms, a package of measures designed to drive growth and competitiveness in the financial services sector. You can read our summary of these measures.

The UK Government has today announced a package of reforms to UK financial services regulation. It mostly consists of promises to consult on specific areas for reform over the next couple of years.

Travers Smith LLP has advised Questel on its majority investment in Equinox, an IP management software company.

Read the full PMI Environmental, Social & Governance (ESG) Report 2022 here: Environmental, Social & Governance (ESG) Report - The Pensions Management Institute (pensions-pmi.org.uk)

A guide to future employment and immigration law.