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It is now three years since the enactment of the Criminal Finances Act 2017 and the “failure to prevent the facilitation of tax evasion” offence (the FTP Offence).
Travers Smith LLP has advised the management team of A-Plan Group Ltd (A-Plan Group) in relation to the acquisition of A-Plan Group by Howden (an international insurance broking group), a subsidiary of Hyperion Insurance Group (Hyperion), with Carl Shuker continuing to lead A-Plan Group as CEO. Travers Smith has a long-standing relationship with A-Plan Group, having acted for management when Hg Capital acquired the business in 2015.
It was a busy and unusual summer for a number of reasons and it may be that a series of developments relating to HMRC powers, investigations and tax disputes were not top of everybody's agenda. We have therefore brought some key ones together in this update.
We believe it is of paramount importance to protect and develop the alternatives asset management industry in the UK following our exit from the EU in order to maintain the UK's status as a world leader in the sector and to ensure that the wider economy continues to benefit from the deployment of global capital across alternatives asset classes by UK based managers.
As the world starts to navigate the ‘new normal’ and adapt to the widescale transformation in the way we live and work, we are seeing an uptick in M&A activity. In this note we look at what that new normal might mean for the future of M&A, including emerging themes and practical considerations for buyers, sellers and portfolio companies.
Travers Smith LLP has advised FirstPort, the UK’s largest residential property manager, on its acquisition of the Mainstay Group, a leading property and asset manager.
Brexit is now firmly back on the agenda for employers as we head into the final months before the Brexit Transition period ends on 31 December 2020.
On 22 September 2020, the Prime Minister announced a change in the Government's approach to working from home, in light of the recent spike in cases recorded across the UK. In this note, we consider what effects the most recent announcement has on employers with employees who normally work in offices.
The Supreme Court has ruled that a restrictive covenant in favour of an anchor tenant was not subject to the doctrine of restraint of trade. But does this mean that anchor tenants now have a free hand to negotiate whatever protection from competition they can get from a landlord?
A guide to future employment and immigration law.
If you are a UK employer, with employees working in the EU, EEA or Switzerland, the country in which social security contributions are paid on their salary and benefits is currently set by EU Social Security Coordination rules.
On 22 September 2020, the UK Government published its response to the Transparency in Supply Chains Consultation.
The Chancellor has today announced a new Job Support Scheme (JSS) to start on 1 November (following the end of the furlough scheme on 31 October). The JSS is aimed at supporting viable jobs by topping up pay for employees working reduced hours due to decreased demand.
Travers Smith LLP has advised long-standing client Medicxi, the leading European life sciences investment firm, on a ground-breaking €200 million structured secondary transaction, which is unprecedented in the biotechnology industry.
With the headlines dominated by the COVID-19 pandemic, anyone could have been forgiven for putting Brexit to the back of their mind over the past few months. However, the UK is rapidly approaching the end of the transition period, at which point, amongst many other issues, it is highly likely that there will be disruption to goods supply chains.
With disruption to goods supply chains widely expected at the end of the Brexit transition period on 1 January 2021, businesses which rely on goods from the EU are increasingly re-focussing on contingency plans to stockpile goods. However, finding additional warehousing space is likely to be challenging.
Travers Smith has acted for Panmure Gordon in its capacity as financial adviser, sole bookrunner and sponsor on the £66.17 million placing of new ordinary shares by Liontrust Asset Management plc to part fund the acquisition of Architas Multi-Manager Limited and Architas Advisory Services Limited. The acquisition is conditional on, inter alia, shareholder approval at a general meeting of Liontrust Asset Management.
The UK Government's decision to introduce legislation which would effectively override some aspects of the Brexit Withdrawal Agreement has gone down badly with the EU. Does this mean that businesses need to prepare for no deal at the end of the transition?
Travers Smith LLP has advised Sir Roger De Haan on his £100m strategic investment into Saga plc, which underpins Saga's £150m capital raise carried out by way of a firm placing and a placing and open offer.
This briefing note addresses the impact of Brexit on matters relevant to civil judicial co-operation between the English courts and the courts of EU member states.