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.
The Government intends pensions dashboards to bring about a fundamental change in the way individuals access information about their pensions, allowing people to see all of their future pension entitlements in one online place.
The Digital Markets, Competition and Consumers Act 2024 (DMCC Act) has received Royal Assent. Among other things, it will make major changes to the UK's consumer protection regime.
The new Digital Markets, Competition and Consumers Act 2024 implements the most extensive changes to the UK competition law (and consumer protection) landscape since the Enterprise Act brought about wholesale change to the merger control regime over 20 years ago, back in 2002.
Head of Finance Charles Bischoff, Partner Danny Peel and Senior Counsel Laura Smith have contributed to the recently published International Comparative Legal Guide on Lending & Secured Finance.
In this In Practice article we will explore the benefits of obtaining a rating for a subscription facility. By reference to ratings criteria announced by the main agencies, we will explore how the limited partnership agreement, side letters and the related finance documentation are analysed to arrive at a rating.
As part of its attempt to reduce the amount of EU derived law in the UK, the Government has launched a consultation on whether to repeal the Commercial Agents Regulations. Among other things, these Regulations enable certain sales agents to claim substantial sums from the business that they act for when the agency comes to an end.
A recent dispute over whether a consumer had won £1 million in an online game has some important lessons for B2C businesses and their online terms and conditions, particularly when errors or software glitches occur. Ariana Shaw, a trainee in our Technology & Commercial Transactions team, provides a visual guide to the case, which involved the former National Lottery operator Camelot.
The European Securities and Markets Authority (ESMA) has published its final guidelines on fund names using ESG or sustainability-related terms (Guidelines). The Guidelines are primarily motivated the ESMA's desire to combat greenwashing and are intended to specify the circumstances where the fund names using ESG or sustainability related terms are unfair, unclear or misleading.
Two recent High Court decisions illustrate the approach of the English courts to the construction of clauses arguably conferring exclusive jurisdiction for disputes on foreign courts. The High Court concluded that it should override the exclusive jurisdiction clause in Zephyrus but it would not have been prepared to do so in EuroChem. In each case, the High Court ultimately concluded that it had jurisdiction in relation to the parties' dispute.
Key employment and business immigration developments for employers.
A regular briefing for the alternative asset management industry.
HMRC have published a Revenue & Customs brief outlining a change in the VAT treatment of voluntary carbon credits (VCCs).
On 2 May 2024, the Fund Finance Association hosted its 8th Annual European Fund Finance Symposium at the Queen Elizabeth II Conference Centre in London, bringing together participants from all corners of the fund finance community including GPs and fund managers, lenders, rating agencies, lawyers, and other advisers for a busy day of education and networking. Travers Smith was proud to once again be a Platinum sponsor, and our sincere thanks to the Fund Finance Association and all involved for their efforts in organising another fantastic Symposium.
Dispute Resolution Partner, Huw Jenkin, has been profiled in Financier Worldwide's International Arbitration 2024 Power Players publication. In this Q&A feature, Huw discusses his career to date as well as what motivates him.
The Court of Appeal has affirmed the Commercial Court's decision and its approach to the interpretation of a Warranty and Indemnity policy, rejecting the Insured's claim that there was an obvious mistake in the exclusion clause of the policy. This is an illuminating case for all parties in the W&I market.
Since February 2024, most new planning permissions in England have been subject to a pre-commencement condition requiring a 'biodiversity gain plan' for the development. In this section of the Spring Briefing, we answer some frequently-asked questions about the new regime.
The biggest surprise in the Spring Budget was perhaps the raucous reaction given by the House to a fairly muted set of tax proposals. Perhaps it was the whiff of an election in the air that was the cause of excitement, so much so that the Deputy Speaker had to frequently intervene instructing all sides of the chamber to "shout more quietly".
The proposals in the Renters (Reform) Bill, which were first set out in the 2022 fairer private rented sector white paper, are intended to implement many of the proposals for improving the private rental sector ("PRS") for renters contained in the Government's 2017 white paper "Fixing our broken housing market". This includes the introduction of minimum standards for housing in the PRS, and the abolition of both the section 21 method of obtaining vacant possession and the assured shorthold tenancy.
As discussed here, this Bill was first mentioned in the King's Speech on 7 November 2023. It has recently completed its report stage in the House of Lords, meaning that its next stage will be its third reading when its provisions will be tidied up.