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Travers Smith LLP has advised Brookfield Oaktree Wealth Solutions on the establishment and launch of its semi-liquid strategic credit fund, Oaktree Strategic Credit Fund (SICAV), under its existing Luxembourg UCI Part II umbrella structure.
Travers Smith LLP advised longstanding client Nest Corporation – the trustee of the National Employment Savings Trust – on the acquisition of a ten percent shareholding in Industry Super Holdings, the holding company of IFM Investors, a global institutional investor and asset manager operating across the infrastructure, debt investments and private equity markets.
In its recent judgment in HMRC v BlueCrest Capital Management (UK) LLP, the Court of Appeal has overturned the decisions of the lower tribunals and supported HMRC's narrow interpretation of "significant influence". In doing so, the Court introduced a new focus on the source of a member's influence, holding that the only influence that counts is that derived from legal rights and duties. In addition, the Court appeared to support HMRC's view that the scope of significant influence is limited to strategic influence over the affairs of the LLP generally.
Our New Year briefing, which discusses key developments for financial services firms in 2025, is available as a pdf below.
Travers Smith LLP announces the promotion of one lawyer to Director, and three lawyers to Senior Counsel. All promotions are effective from 1 January 2025.
An Australian court has held that bitcoin is personal property, in a way that highlights our concern that the Law Commission's Property (Digital Assets etc) Bill (the Bill), presently going through Parliament, will create an unhelpful "fork" in the international legal treatment of cryptoassets.
The Chancellor's Mansion House speech on 14 November 2024 was almost as hotly-anticipated as her Budget, with the speech's proposals on pension fund consolidation as extensively trailed in advance as the Budget's tax increases.
The FCA has published some key findings on non-financial misconduct, including action points for firms. Although the survey was aimed at wholesale firms, the key findings report (Report) sets out some actions that firms should take in order to address non-financial misconduct.
Travers Smith LLP has advised long-standing client Phoenix Equity Partners and management on the sale of Redington, the independent institutional investment consultant, to Arthur J. Gallagher & Co.
Welcome to the third edition of the Travers Smith Outsourcing Spotlight. In this issue, we look at the impact on outsourcing of the new Labour Government's employment reforms and the Digital Markets, Competition and Consumers Act 2024. We also discuss a range of other topics including artificial intelligence, smart contracts and a recent Supreme Court decision on force majeure clauses.
The Financial Conduct Authority (FCA) has published the results of its multi-firm review on how firms treat politically exposed persons (PEPs) when carrying out anti-money laundering checks.
Welcome to the seventh episode in our series of podcasts exploring the key legal issues relating to the development and use of artificial intelligence.
Travers Smith LLP has advised Carlyle on the successful launch of Carlyle AlpInvest Private Markets SICAV-UCI Part II ("CAPM").
The legislation setting out the EU's revised anti-money laundering regime has been published in the Official Journal.
In February 2024, the Law Commission published – by way of a short consultation – its draft Property (Digital Assets etc) Bill (the Bill).
Travers Smith LLP is delighted to have been awarded the ‘Legal, Compliance and Regulatory Adviser’ Award at The Drawdown Awards 2024.
The European Securities and Markets Authority (ESMA) has published its Final Report on Greenwashing (Final Report).
Welcome to the second edition of the Travers Smith Outsourcing Spotlight. With an election due in July, we look at the likely impact of a Labour Government on outsourcing in the UK.
The European Securities and Markets Authority (ESMA) has published its final guidelines on fund names using ESG or sustainability-related terms (Guidelines). The Guidelines are primarily motivated the ESMA's desire to combat greenwashing and are intended to specify the circumstances where the fund names using ESG or sustainability related terms are unfair, unclear or misleading.
Travers Smith has advised long-standing client Nest on its appointment of Northern Trust as its new fund administrator and custodian.