Employment Update - July 2018
Key employment and business immigration developments for employers
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Key employment and business immigration developments for employers
Earlier this week the FRC published the final version of the revised UK Corporate Governance Code, which will take effect for financial years beginning on or after 1 January 2019. It also published a Feedback Statement outlining the responses to its December 2017 consultation on the proposed changes, together with a "Key Highlights" document.
Changes to the UK regime for scrutiny of mergers on national security grounds came into force in June 2018. In this briefing, we look at why these changes were introduced and what they will mean for business.
Since 6 April 2016, unlisted UK companies and LLPs have been required to identify individuals who have significant interests in their shares, and publicly disclose their details in a "PSC Register". The regime was expanded in June 2017 to bring other entities, including AIM companies, Scottish limited partnerships and some Scottish general partnerships within scope.
Since 6 April 2016, unlisted UK companies and LLPs have been required to identify individuals who have significant interests in their shares, and publicly disclose their details in a "PSC Register". The regime was expanded in June 2017 to bring other entities, including AIM companies, Scottish limited partnerships and some Scottish general partnerships within scope.
Contracts are often amended to take account of changed circumstances. But care is needed to avoid the pitfalls.
At first sight, the message of the Supreme Court's recent judgment in Rock Advertising v MWB seems simple: if you want to vary your contract, make sure you get it in writing. But in attempting to create greater certainty in this area, the Supreme Court may have created a new set of problems - particularly for businesses wishing to amend large numbers of contracts at the same time.
In this In Practice article the authors consider the practical issues faced by practitioners and deal counterparties in structuring and executing leveraged buyout transactions where the target company is regulated by the Financial Conduct Authority and/or Prudential Regulation Authority.
From conflicts of interest to subscriptions lines, lawyers flag up the five issues most likely to trigger court action to Victoria Robson.
Two new regulations have been published amending existing Level 2 requirements on depositaries of AIFs and UCITS with effect from 1 April 2020. They impose stricter obligations on them when they delegate their safekeeping obligations to a third party custodian.
A new EU regulation is due to enter into force aimed at removing barriers to crossborder e-commerce in the EU.
Two recent high profile cases throw a spotlight on this question.
Andrew Ross and Sarah Quy examine the background to rights to light and how a development can proceed where such rights exist.
In the first contested prosecution under section 7 of the UK's Bribery Act 2010 (the "Act"), a Londonbased interiors company has been found guilty of the 'corporate offence' of failing to prevent bribery.