<p>Filter Knowledge</p>

Key employment and business immigration developments for employers

The Government has released the long-awaited White Paper on its post-Brexit immigration policy. The White Paper sets out the proposed immigration regime that would apply from 1 January 2021.

Prime Minister Theresa May has delayed Parliament's vote on the proposed Withdrawal Agreement which would govern the terms of the UK's departure from the EU. It remains to be seen whether there will be sufficient support for the deal when Parliament comes to vote on it in January 2019.

Key employment and business immigration developments for employers.

Key employment and business immigration developments for employers

Key employment and business immigration developments for employers

Travers Smith has advised its long-standing client Micro Focus International plc (Micro Focus), the global enterprise software company, on the proposed US $2.535 billion sale of its SUSE business to a special purpose vehicle advised by EQT Partners.

Travers Smith LLP has advised long-standing client Phoenix Equity Partners and management on their sale of Riviera Travel (Riviera) to Silverfleet Capital.

Travers Smith LLP has advised longstanding client ETF Securities Limited on both the $611 million sale of its European exchange-traded commodity, currency and short-and-leveraged business to WisdomTree Investments, Inc., and the sale of its Canvas, UCITS ETF platform, to Legal & General Investment Management (LGIM).

Travers Smith LLP has advised its long-standing client Micro Focus International plc ("Micro Focus"), the global enterprise software company, on its $US 8.8 billion merger with Hewlett Packard Enterprise's ("HPE") software business segment ("HPE Software") and the return of value to Micro Focus shareholders of approximately $500 million.

Travers Smith have advised long-standing client Canaccord Genuity Wealth Management on its acquisition of Hargreave Hale Limited, a leading independent UK-based investment and wealth management business, for aggregate consideration of up to £79.5 million.

The deadline for filing your online share plan returns for 2016/17 is fast approaching.

In its recent report on UK Corporate Governance, the Business, Energy and Industrial Strategy Committee made recommendations for reforms that could, if adopted, mark a change in the structure of executive remuneration packages.

The 2016/17 tax year ended on 5 April and any company operating employee share incentive arrangements (whether tax-advantaged or not) will need to file online returns by 6 July 2017. Failure to file on time leads to automatic penalties (initially £100 even if a return is just one day late) so we encourage you to submit your returns as early as possible.

Travers Smith LLP has acted for Ancala Midstream Acquisitions Limited (“Ancala”), which has entered into an agreement with Apache Beryl I Limited (“Apache”) to acquire Apache’s 30.28 per cent interest in the Scottish Area Gas Evacuation system (“SAGE”) and its 60.56 per cent interest in the Beryl pipeline – both of which are located in the North Sea.