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Care homes administration fees: exploitative practice or reasonable reimbursement?

Is it reasonable for care home operators to charge new residents an administration fee on admission, separate from the costs of care or accommodation? Do fees of this sort merely compensate care home operators for the internal costs incurred in managing the personalised admission of a new resident, or are they unfair charges which take advantage of the stress and complexities of arranging residential care? 

REIT reform – some helpful changes to the draft legislation

As part of the government's review of the UK's fund regime, and its wider efforts to enhance the UK's attractiveness to asset managers and investment funds, a number of changes are to be made to the UK's REIT regime with effect from 1 April 2022. Further changes to the REIT rules are likely to follow further down the line as the review progresses.

Lloyd v Google: good news for data controllers?

It is fair to say that the highly anticipated judgment of the Supreme Court in Lloyd v Google[1] which arrived on 10 November, was not the huge game-changer (for both litigators and funders, and data controllers) that some had predicted. The Court unanimously allowed Google's appeal, restoring the order made by the first instance judge that the representative action should not proceed.

Pension scams: new statutory transfer right restrictions

The Government has laid regulations to restrict individuals' statutory transfer rights in specified circumstances, with the aim of helping trustees to stop scam transfers.

The legislation has effect in relation to applications for DB transfer value statements of entitlement or DC transfer requests made on or after 30 November 2021. Trustees who make statutory transfers need to ensure that their transfer processes and communications are aligned with the legislation.

More Brexit-related turbulence is on the way: here's what to expect

There is significant disagreement between the UK and the EU over the Northern Ireland protocol, with much speculation that the UK will shortly seek to introduce "safeguard measures". Meanwhile, it has been suggested that the EU could respond to such a move by terminating the UK-EU Brexit trade deal (or at least threatening to do so). We explain below why the EU may be considering what some might see as a "nuclear" option – but as we also point out, even if the UK and the EU manage to settle their differences, changes scheduled for 1 January 2022 mean that there is a risk of trade disruption in any event over the coming months.

Travers Smith advises on combination of Noble Corporation and Maersk Drilling

Travers Smith LLP has acted as English law and UK tax counsel to Noble Corporation (NYSE: NE) on the business combination with Maersk Drilling (CSE: DRLCO) to create a leading offshore driller with global scale and a combined pro-forma revenue of c.$2.1 billion. The combined company will be headquartered in Houston, Texas, and will maintain a significant operating presence in Stavanger, Norway.

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