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The UK's Walker Guidelines for Disclosure and Transparency in Private Equity (the "Guidelines") have been updated, and a feedback statement was published by the BVCA on 18 December 2024. 

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.

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Travers Smith LLP has advised the senior management team of Essential Pharma, a global specialty pharmaceutical business focused on ensuring that patients have access to clinically differentiated, niche, branded pharmaceutical products, on the completion of a €900 million recapitalisation through a Gyrus Capital single-asset Continuation Vehicle led by AlpInvest, and a new strategic financing facility with Sixth Street.

A regular briefing for the alternative asset management industry. 

Travers Smith has advised Indicor, LLC, a leading diversified industrial solutions company specialising in mission-critical technologies, on the acquisition of Aquam Water Services and Orbis Intelligent Systems.

Leading independent law firm Travers Smith LLP is pleased to announce that Edmund Reed has been elected Managing Partner for a second term with effect from 1 July 2025. Edmund's second term will last three years. 

Travers Smith LLP has advised long-standing client Inflexion on the financing of its acquisition of Finanzen.net, a digital broker and financial information portal in the DACH region, alongside the founders. The business will be acquired from transatlantic media company Axel Springer. 

Jonathan Gilmour, Head of our Derivatives & Structured Products Group and member of the Governance Committee of the UK Voluntary Carbon Market (VCM) Forum, answers the team's most frequently asked questions surrounding VCMs and the potential implications for investors.

Travers Smith's Specialty and Structured Finance team were among the more than 1,200 registered delegates at DealCatalyst's ABSF Global Conference at the Royal Lancaster on Monday 25 November 2024.

The Older People’s Housing Taskforce published their long-awaited report entitled 'Our Future Homes: Housing that promotes wellbeing and community for an ageing population' on 26 November 2024. Its intention is to explore how best to support people to live well and longer in an age-friendly home and neighbourhood of their choice.

The Economic Crime and Corporate Transparency Act 2023 introduces a new strict liability 'failure to prevent fraud' offence (the "FTPF Offence") in the UK. The FTPF Offence will come into effect on 1 September 2025.

The Supreme Court's long-awaited judgment in SkyKick v Sky has made it easier to challenge trade mark registrations in relation to overly broad classes of goods and services on the basis that they were applied for in bad faith. This briefing provides an overview of this significant decision and what it means for trade mark owners.    

The Terrorism (Protection of Premises) Bill, also known as Martyn's Law in honour of Martyn Hett who died in the 2017 Manchester Arena attack, will when enacted improve the UK's security by obliging those responsible for certain premises and events to plan how they would respond to a terrorist attack in or near to their property. Persons responsible for larger premises and events must also take steps to reduce the property's vulnerability to terrorist attacks.

Travers Smith LLP has advised the senior management team of Lomond, a market-leading lettings and estate agent platform, on the investment into Lomond by funds managed by ICG. The closing of the transaction is subject to customary closing conditions.

Since our last briefing, there have been several significant tax developments which affect the real estate sector. The new Labour Government's first Budget included welcome confirmation that it will press on with introducing a new form of investment fund (the RIF) that is expected to be particularly attractive for investment in commercial real estate, and proposals for significant reform to the tax treatment of carried interest.

A regular briefing for the alternative asset management industry.