<p>Filter Knowledge</p>

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.

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.

A regular briefing for the alternative asset management industry. 

Introduction

Summary

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).

In a landmark ruling, the UK Competition Appeal Tribunal has approved a settlement for the first time since the collective proceedings regime was introduced in 2015. The settlement relates to the 'roll on roll off' (RoRo) claim, following-on from the European Commission's 2018 infringement decision against several shipping firms.

The EU Regulation on Digital Operational Resilience (DORA) will apply from 17 January 2025 to most financial entities in the EU. DORA's increased focus on third-party risk management includes detailed requirements for provisions that must be included in existing and new ICT contracts.

Welcome to our Winter 2024 Update in which we look at the latest developments in the broad field of employee incentives and remuneration and consider what is in store for the year ahead. Do reach out to a member of our team if you would like to discuss any of these issues.