Institutions and others wishing to invest in or use (whether for collateral, payments or other commercial purposes) digital assets should take note of a recent decision of the English High Court in Yuen v Li [2026] EWHC 532. The case considered the causes of action (and related remedies) available under English law to someone arguing that their Bitcoin has been stolen.

The UK Government has now confirmed that it will lay secondary legislation before Parliament later this year to implement the anticipated reforms to the UK's National Security and Investment Act 2021 ("NSI Act") regime.

The UK Government has confirmed plans to proceed with reforms that will give the UK one of the toughest late payment regimes in the world. This will include fines for persistent late payers, mandatory late payment interest of 8% above base, maximum 60 day payment terms (with some exceptions), a time limit for disputing invoices and a new low cost adjudication process.  But as we explain below, the devil will be in the detail.

The way in which the UK Financial Conduct Authority (FCA) communicates its supervisory expectations to firms has recently changed. Back in April 2025, the regulator announced that it would stop publishing its traditional portfolio letters for different sectors and instead committed to issuing a smaller number of what it terms "market reports", setting out key priorities and insights from its supervisory work for particular types of firms.

A regular briefing for the alternative asset management industry 

The Employment Rights Bill has received Royal Assent, becoming the Employment Rights Act 2025. The Act paves the way for significant reforms to UK employment law, with the key changes to be phased in starting from April 2026.

Travers Smith LLP has advised Investec Bank plc as Sponsor, Global Co-ordinator and Sole Bookrunner to Videndum plc on its £85m oversubscribed equity raise.

The government has announced a new set of updates which will come into effect on 8 April 2026 and 26 March 2027 respectively. 

What used to be rare is now routine: private equity is buying into sport at every level.

In the long-running privacy lawsuit against Associated Newspapers brought by a group of high-profile claimants including Prince Harry and Elton John, the High Court has reminded practitioners that an applicant seeking disclosure against a third party (a "stranger" to the litigation) must demonstrate that the threshold requirements have been met. Even if the relevant criteria are satisfied, the Court retains a discretion as to whether to make the third-party disclosure order.

A regular briefing for the alternative asset management industry. 

Travers Smith LLP has advised the senior management team of the TCR Group, the largest independent lessor of airport ground support equipment, on the sale by 3i Infrastructure ("3iN") of its 71% stake in TCR.