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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.
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.
The Solicitors Regulation Authority ("SRA") is the latest organisation to indicate that it is looking to curb the use of so-called Strategic Lawsuits Against Public Participation ("SLAPPs") in England & Wales. This proposed intervention follows the recently proposed interventions by both the Ministry of Justice and, from a European perspective, the European Commission.
Employers are required to check that all employees have the right to work lawfully in the UK. The rules on how to conduct these checks are changing from 1 October 2022, and employers should review their right to work policies and procedures in the light of these changes.
"The new system is working", according to the UK Government's inaugural report on the operation of the National Security & Investment Act 2021 ("NSI Act") published in June 2022. That report covered the first 3 months of the new regime (4 January to 31 March 2022), noting that 222 notifications had been received across the whole range of sectors.
A regular briefing for the alternative asset management industry.
Mini Budget 2022
In today's (23 September 2022) mini-budget what are the key announcements for HR and employment law?
Mini Budget 2022
Mini Budget 2022
Mini Budget 2022
Mini Budget 2022
Mini Budget 2022
Mini Budget 2022
Travers Smith Tax Partners Jessica Kemp and Elena Rowlands, and Knowledge Counsel Laura Hodgson have written an article in the latest edition of Tax Journal, examining the UK implementation of BEPS Pillar Two.
In its judgment of 10 June 2022, the Court of Appeal upheld the High Court's decision that a €480 million claim against manufacturers of smart card chips ("SCCs") found to have infringed EU competition law was time-barred.[1]
The FCA has now published PS22/9, its policy statement on a new Consumer Duty. This sets out feedback to the December 2021 consultation paper (which we covered in our New Year Briefing), and the final rules. Alongside the new rules, the FCA has also published FG22/5, final non-Handbook Guidance for firms on the Consumer Duty (Finalised Guidance). Potentially, a great many firms will be in scope and this will include some firms which would not consider themselves "retail".
A regular briefing for the alternative asset management industry.