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To mark South Asian Heritage Month, colleagues from across the firm have recorded a podcast to share their personal stories of culture, language, food and family from across South Asia.   

The EU's Corporate Sustainability Reporting Directive ("CSRD") was due to be implemented into national law by the Member States by 6 July 2024. The majority missed that deadline to finalise their laws.

Partner Daniel Gerring  and Consultant Charlotte Feld  look at what is sometimes meant by "diversity of thought".

Welcome to our immigration update podcast, where we provide employers with a horizon scan of topical issues to be aware of.

Last week, the UK Competition & Markets Authority (CMA) published new draft merger control guidance for consultation, updated to reflect how the CMA's new powers under the UK Digital Markets, Competition and Consumer Act 2024 (DMCCA). The guidance confirms how the CMA can use the new incoming jurisdictional tests to cast a wide net and catch a broad range of deals. But the guidance also provides for greater procedural flexibility during the CMA's reviews – including specifically for private equity firms. See below for some initial takeaways, prior to the guidance being finalised.

Welcome to the fourth episode in our Sustainability Insights ... in conversation series.

Welcome to our latest investigations newsletter, bringing you up-to-speed on the latest trends and developments in this ever-evolving area.

Competition authorities across the globe have, like the vast majority of organisations, been investing significantly in building their understanding of AI and the potential competition and consumer law impacts of its development and use.

On 25 July 2024 the Institutional Limited Partners Association ("ILPA"), the trade body for institutional limited partners in the private equity industry, issued its much anticipated Guidance for Limited Partners and General Partners in respect of NAV-based facilities (the "Guidance").

Download the latest edition as a PDF

As part of today's statement by the Chancellor on public spending pressures, the government has made several announcements relating to tax. These include measures relating to carried interest taxation and reform of the current tax regime for UK resident but non-domiciled individuals ("non-doms").

A regular briefing for the alternative asset management industry. 

Welcome to the first of our series on what is new and what to do next for listed companies, in which we intend to cover the key legal developments relevant to listed companies each quarter.  If you would like to discuss any of these updates, please feel free to get in touch with any of the contacts listed at the end of this briefing.

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.

Background

A series of cases have been working their way through the UK courts in which HMRC has sought to apply the tax charge for "miscellaneous income" to variants of a remuneration planning scheme used by fund managers.  In December last year the Court of Appeal, in BlueCrest Capital Management LP and others, upheld HMRC's view in relation to one iteration of the relevant arrangements, and that court has now considered another in HMRC v HFFX LLP and others.

The Court of Appeal has given its judgment in the Virgin Media case.  This litigation concerns the validity of a rule amendment affecting benefits in a DB contracted-out scheme which was made without obtaining the actuary's written confirmation as required by section 37 of the Pension Schemes Act 1993.

Welcome to the seventh episode in our series of podcasts exploring the key legal issues relating to the development and use of artificial intelligence.

Welcome to the latest edition of our quarterly disputes newsletter, which covers key developments in the dispute resolution world over the last few months.

This article was first published in the July 2024 issue of Butterworths Journal of International Banking and Financial Law.

In this article Knowledge Counsel James Bell looks at issues to consider when protecting the guarantor’s position in finance transactions (or indeed other commercial transactions) and how that might be negotiated.