UK Legal Update - Spring 2024
Our round-up of recent and forthcoming developments in UK law and practice for our international stakeholders.
Our round-up of recent and forthcoming developments in UK law and practice for our international stakeholders.
A regular briefing for the alternative asset management industry.
In a unanimous judgment, the Supreme Court of New Zealand has overturned the Court of Appeal's decision, which struck out Mr Smith's three tortious claims against seven corporate defendants (read our previous briefing here). The Supreme Court has allowed Mr Smith's claims in negligence, public nuisance, and a novel "climate system damage" tort to proceed to trial.
This briefing sets out the headline themes and changes that premium-listed companies should be aware of for the 2024 AGM season, together with a list of further useful resources.
Further to the Government's announcements of planned changes to UK Immigration Rules aimed at reducing net migration, more details have now been released in relation to the upcoming changes, which are set to take effect from 4 April 2024. These changes will impact employers sponsoring visas for employees under the Skilled Worker and Global Business Mobility: Senior or Specialist Worker visa routes.
The SEC released the final, highly anticipated climate-related disclosure rules on 6 March 2024 (the Final Rules), following a record number of comments on its proposed rules (released in 2022) and much discussion in the market wondering how far the SEC would go in requiring companies to expand disclosure on emissions and climate-related risks, strategy and expenditure.
One of the most high-profile announcements in this year's Budget was the abolition of the UK's current tax regime that applies to UK resident, but non-UK domiciled individuals ("Non-Doms").