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In late October 2023 the Economic Crime and Transparency Act 2023 ("ECCTA") passed into law. ECCTA represents not only a major company law reform but also the biggest shake-up in the history of Companies House.
On 17 January 2024, the Court of Appeal found that the UK Competition and Markets Authority ('CMA') has the power to require overseas companies to produce documents and information as part of its competition law investigations (CMA v BMW and VW), overturning an adverse Court judgment last year which had threatened the ability of the CMA to effectively investigate cross-border cartel conduct post-Brexit.
On 1 March 2024, the FCA issued an interim update (Update) to its August 2022 and February 2023 portfolio letters (Portfolio Letters) to alternative asset management firms setting out its updated supervisory priorities.
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.
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.
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.
A regular briefing for the alternative asset management industry.
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 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?
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.
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 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.
Welcome to our series of podcasts focusing on international employment law.
A regular briefing for the alternative asset management industry.
Introduction
A recent judgment of the Court of Appeal has clarified four important principles relating to the scope of legal professional privilege.
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.
Since our last briefing, there have been several significant developments which affect the real estate sector, including amendments to previously announced policies (for example, making "full expensing" permanent) and important international measures coming into effect (such as the "GloBE" rules introducing a global minimum corporate tax rate for large multinational enterprises).