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HMRC changes salaried member rules guidance on increases in capital contributions
HMRC has recently changed its published guidance to make clear that it considers that increases in capital contributions made solely to fall outside the salaried members rules will be ineffective for that purpose.
Compounding Interest – where to next for CPOs
Dispute Resolution Partner Joe Moore and Dispute Resolution Senior Associate Imogen Nolan have contributed to ThoughtLeaders4 Competition Law & Litigation Magazine. Their article, 'Compounding Interest – where to next for CPOs?' was first published in Issue 4 of the magazine and can be viewed below.
Pre-emption rights in leases
Landlords are coming under increasing pressure to promote social and governance goals in addition to their environmental considerations when granting leases. Greater emphasis is now placed on attracting and retaining tenants who value sustainable and socially responsible environments.
Episode 1: Speak up culture and handling employee complaints
Welcome to our series of podcasts exploring the people aspects of ESG.
Talking. Sustainability. Good Tax Governance Series – Umbrella Companies
In the first of our series focussing on Good Tax Governance, Kulsoom Hadi from our Incentives and Remuneration team discusses the use of umbrella companies.
Travers Smith's Alternative Insights: Subscription line financing
A regular briefing for the alternative asset management industry.
Law Commission Review of the Arbitration Act 1996 | Key Areas of Review and Recommended Change
On 6 September 2023, the Law Commission issued its Final Report and Bill on the proposed amendments to the Arbitration Act 1996 (the "Act"). The Final Report and Bill followed an extensive consultation exercise, during which the Law Commission published two consultation papers and received feedback from over 100 different consultees. The draft Arbitration Bill is now before Parliament and is expected to enter the statute books later this year as the 'Arbitration Act 2024'.
The UK's approach to AI regulation - an update
The UK Government has published its response to the public consultation on its March 2023 AI White Paper, which set out the UK's proposed regulatory framework for AI. Twelve months on from the White Paper, where are we now?
Green claims: prepare for tougher EU rules on promotion of products and services
The EU is pursuing a number of measures intended to combat misleading environmental claims about products and services aimed at consumers. These initiatives underline the need to ensure that the evidential basis for any green claims is robust.
Sustainability Insights ... in conversation - Episode 1: Cornelia Gomez
Welcome to the first episode in our Sustainability Insights... in conversation series.
New funding and investment regime: what has changed and what do schemes need to do?
The Government has laid before Parliament the final regulations concerning the funding and investment strategy requirements to be introduced by the Pension Schemes Act 2021 (the "Regulations").
Fraudulent trading: A summary in light of Bouchier v Booth
Fraudulent trading is both a civil and criminal offence. The recent judgment of the High Court in Bouchier v Booth provided a helpful reminder of the principles that a Court will apply when considering whether directors have acted in a manner that constitutes fraudulent trading and the high threshold for proving fraudulent conduct.
Outsourcing video series – Episode 2: Data protection
Outsourcing: recent developments in data protection
International employment law podcast series - Hong Kong
Welcome to our series of podcasts focusing on international employment law.
Travers Smith's Sustainability Insights: Getting governance right
A regular briefing for the alternative asset management industry.
Anti-suit injunctions from the English court for foreign seated arbitrations? A case summary of UniCredit Bank AG -v- RusChemAlliance LLC
Introduction
Travers Smith contributes to the 6th edition of The Legal 500 Employee Incentives Comparative Guide
Travers Smith's Head of Incentives and Remuneration Mahesh Varia and Senior Associate Claire Prentice have contributed the United Kingdom chapter in the latest Legal 500 Employee Incentives Guide. The guide provides its readers with a pragmatic overview of the laws and regulations of Employee Incentives practice across a variety of jurisdictions.
When will a claim to privilege be defeated by underhand conduct?
Summary
A recent judgment of the Court of Appeal has clarified four important principles relating to the scope of legal professional privilege.
Revised UK Corporate Governance Code: Focus on Internal Controls
Following a lengthy consultation period, the Financial Reporting Council (the "FRC") recently unveiled its revised UK Corporate Governance Code (the "Code"). As expected from its policy statement in November 2023, the FRC has dropped many proposals that were originally floated, in light of both the Government's withdrawal of the Companies (Strategic Report and Directors' Report) Amendment Regulations 2023 and feedback received during the consultation. As a result, the revised Code is, in the FRC's words, a "limited revision", with the key changes focusing on internal controls.