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.
Welcome to the latest edition of our Anti-Bribery Newsletter, our regular review of developments in the UK's fight against bribery and corruption. The Bribery Act 2010 has been in force for over 5 years and the UK's Serious Fraud Office is now beginning to see the results of some of its long-running bribery cases.
With total fines for competition law infringements imposed by EU and UK competition authorities now regularly exceeding £1 billion a year, the cost of failure to comply has never been higher. Individuals, particularly directors, are also increasingly at risk.
The Department for Business, Energy and Industrial Strategy (DBEIS) published guidance for landlords of non-domestic private rented property on the Energy Efficiency (Private Rented Property) (England and Wales) Regulations 2015 (the Regulations) on 23 February 2017 (the Guidance).
On 20 February 2017, Travers Smith organised a debate on the future of UK energy, focussing on the likely balance between traditional and renewable energy sources along with related direct and indirect environmental, social and geo-political consequences.
What can businesses do to ensure that their commercial contracts are "Brexitproof"? Despite the continued uncertainty over the nature of the UK's future relationship with the EU, there are steps that you can take now.
The existing rules have been extensively amended over the years - 23 times since 1986 - in order to reflect ongoing changes in primary legislation, case law and policy. Regular additions and deletions of text have resulted in, what has been described as, an “impenetrable thicket” of legislation.
E-filing for insolvency proceedings to become mandatory from 25 April 2017
After April 2017, all large UK companies will be required to report on their payment practices and performance. This new requirement is one of a number of ways in which the government is trying to tackle the problem of late payment for small and medium enterprises.
The High Court has today sanctioned a scheme of arrangement by which Severn Trent Water will acquire all the voting shares of Dee Valley Group plc.
This briefing provides an overview of the latest news and views on Brexit, and looks at the legal risks for UK businesses, giving some insight into the prospects for M&A and the public markets, and issues which should be factored into contingency planning over the coming months.
In 2002, the European Insolvency Regulation (EIR) introduced a regime governing the administration of insolvent corporates or individuals which operate in more than one member state of the European Union (EU). A "recast EIR" will apply to insolvency proceedings commenced on or after 26 June 2017.
Performance Share Plans offer executives the opportunity to acquire shares in a company by reference to its success measured against performance targets. Participants are granted options at an exercise price set at nil or nominal value.
Share Incentive Plans are all-employee, tax-advantaged share ownership plans. Companies can award each participant free shares worth up to £3,600 per year.
Employee Benefit Trusts (EBTs) are trusts which can be established by companies to help with the operation of their employee shareplans. EBTs can be established onshore or offshore and can be funded by loans or contributions from group companies.
Under an Enterprise Management Incentive (EMI) Plan a company can grant tax-advantaged share options to selected employees. The rules governing the terms of EMI options are very flexible which means they can be tailored to deliver the desired incentive and reward.