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Travers Smith LLP is delighted to announce that its Pro Bono team won "Innovation in Responsible Business" at the Financial Times Innovative Lawyers Europe Awards 2022. Additionally, Travers Smith was ranked as the 16th "Most Innovative Law Firm in Europe", whilst Sam Cottman was commended for his Pro Bono work and Shawn Curran was listed as one of 10 legal 'Intrapreneurs'.
The FCA has published PS22/10, its policy statement on strengthening the financial promotion rules. This sets out feedback to the January 2022 consultation paper, its final rules and final non-handbook Guidance for firms approving financial promotions.
The EU recently revealed its proposal for a new Regulation to combat the use of forced labour in the production of goods. A key aim of this new Regulation is that it will be used alongside other initiatives within both the EU and externally, in order to further eliminate modern day slavery from supply chains.
Surging commodity prices are creating headaches in the tech and automotive sectors, with the cost of key materials such as lithium, cobalt and nickel (key components in electric car batteries) rising following supply chain disruptions associated with Covid and the war in Ukraine.
Welcome to the eighth edition of our quarterly disputes newsletter, which covers key developments in the dispute resolution world over the last three months or so.
The High Court has ruled in favour of a spread betting firm that exercised its sole discretion in closing out a client's trading position during a period of significant market volatility.
Travers Smith LLP has advised AURELIUS Equity Opportunities ("AURELIUS"), a pan-European alternative investment firm, on its disposal of Briar Chemicals Limited, the UK's leading agrochemical Contract Development and Manufacturing Organisation, to Safex Chemicals India Limited.
The Government has published legislation giving it wide-ranging powers to revoke or reform retained EU law. Among other things, it includes a proposal for the majority of retained EU legislation to expire at the end of 2023, unless expressly preserved in some form.
Travers Smith LLP has advised longstanding client Graphite Capital on its agreement to acquire Digital Space, a leading secure, connected cloud managed service provider, from Horizon Capital.
On 27 September 2022, the English High Court granted summary judgment and declaratory relief in favour of the bank Dexia Crediop SpA ("Dexia") on a number of issues arising in its claim against the Italian province of Pesaro e Urbino ("Pesaro"). In bringing its claim, Dexia has sought declarations regarding the validity and enforceability of interest rate swaps executed between the parties in 2003 and 2005.
The Arbitration Act 1996 (the "Act") provides a framework for arbitration proceedings seated in England and Wales or Northern Ireland. It has played a key role in cementing London's status as a leading seat for commercial arbitrations.
A regular briefing for the alternative asset management industry.
In the recent decision in Pickett v Balkind [2022] EWHC 2226 (TCC), the High Court considered the circumstances in which injunctive relief can be obtained following the mistaken disclosure of privileged documents. The decision provides a useful restatement of the legal principles underpinning privilege in court proceedings.
Partner John Lee has been featured in the Butterworths Journal of International Banking and Financial Law for his article titled, 'The endgame: issues in enforcement against cryptoassets' which considers methods of enforcement against cryptoassets, including the possibility of recovering cryptoassets without the authorisation of the private key.
The long awaited Sequana Supreme Court judgment[1] has provided some welcome clarity around the duties of the directors of a company in the "twilight zone" – i.e. where the company is facing financial difficulties.
Travers Smith LLP has acted as English law and UK tax counsel to Noble Corporation plc ("Noble") on the completed business combination of Noble Corporation (NYSE: NE) with The Drilling Company of 1972 A/S (CSE: DRLCO). The companies are now operating as a single organization as of 3 October 2022.
Travers Smith LLP has advised an investment vehicle backed by Burger King UK ("BKUK"), a Bridgepoint investee company, on its acquisition of Karali Limited and Teresina Limited (the "Karali Group"). The acquisition of the Karali Group, being the second largest portfolio of Burger King franchise restaurants in the UK, will result in 74 Burger King restaurants being added to the BKUK portfolio.
Travers Smith LLP is delighted to have been named "Commercial Litigation Team of the Year" and "Private Equity Team of the Year" at the annual Legal Business Awards. The Awards took place on 27 September.
While the vast majority of alternative asset managers remain owner-managed, in recent years a growing number of GPs have pursued IPOs, equity and debt solutions from external investors, and even outright sales. With such M&A activity in the private funds space initiated by a wide range of drivers – including generational shifts, liquidity requirements or the need for expansion capital – the complexities of executing deals to achieve optimal outcomes cannot be downplayed.