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On 25 July 2022, Commission Delegated Regulation (EU) 2022/1288, consisting of the Regulatory Technical Standards (RTS) under the EU Sustainable Finance Disclosure Regulation (SFDR), was published in the Official Journal.
The High Court has ruled that the UK Government's Net Zero Strategy breaches its obligations under the Climate Change Act 2008. The ruling took place on 18 July 2022, following a case brought by Friends of the Earth and ClientEarth (inter alia), who alleged that the Government failed to produce detailed climate policies to show how the UK’s legally binding carbon budgets will be met, in line with its obligations under the Climate Change Act.
A regular briefing for the alternative asset management industry.
This briefing was updated on 22 July 2022
20 July is 'L-day' – the day on which the government publishes the first draft of legislation to be included in the finance bill 2022-23.
In our latest Talking. Sustainability. podcast, Tax Senior Associate Laura Jackson and Associate Callum Burgess discuss the importance of updating business risk assessments and procedures in relation to the corporate criminal offence of the failure to prevent the facilitation of tax evasion.
In 28 October 2021 Facebook rebranded as Meta, with the aspiration "to be seen as a metaverse company". Since then, there's been a significant buzz about the metaverse – the "next chapter of the internet", according to Mark Zuckerberg.
Welcome to the second episode in our Spotlight on ESG video series.
On Thursday 16 June Travers Smith hosted a webinar focusing on the regulation of impact funds in the EU and the UK. As more alternative asset managers seek to raise dedicated "impact funds", regulators have responded with more regulation to increase disclosure and prevent "greenwashing".
The challenge for a business when drafting a restrictive covenant is that if it seeks to constrain the other party's freedom to operate too much or for too long in the interests of protecting its own business, the courts may refuse to enforce the restriction. Two recent Court of Appeal rulings highlight some of the hazards in relation to post-termination non-compete obligations in B2B agreements.
Welcome to our series of podcasts focusing on international employment law.
This decision considers the somewhat ambiguous test in English law regarding unilateral mistake.
Key employment and business immigration developments for employers.
A regular briefing for the alternative asset management industry.
The Insolvency Service has recently published its interim report (the "Report") which considers the three permanent measures that were introduced pursuant to the Corporate Insolvency and Governance Act 2020 ("CIGA"). For further details on the temporary and permanent measures introduced pursuant to CIGA, see our previous update.
Travelling. Seamlessly. podcast series
The EU continues to beat a path to a more sustainable future. Nothing too new there, perhaps, but it is increasingly determined to bring the rest of the world along with it. It first proposed a directive on corporate sustainability reporting ("CSRD") in February 2021, which when proposed caused a stir for the significant expansion of non-financial information obligations on non-listed corporates.
The Government's 2017 white paper "Fixing our broken housing market" contained a number of proposals for improving the private rental sector ("PRS") for renters. In the 6 weeks since the Queen's Speech in May this year, there have been indications that some of these ideas will be taken forwards, including: changes in the way that "contractual controls" are registered at HM Land Registry, 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.
The salaried members rules were introduced in 2014 to counter situations where UK limited liability partnerships (LLPs) were avoiding employment taxes by making junior workers members (rather than employees) without bearing the risks, rewards and responsibilities typically associated with partnership. Under the rules, members of an LLP are treated as employees for tax purposes, unless one of three exclusions apply.