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Developer and investor alert: commonhold consultation closes next week

When the Government published draft legislation to revolutionise the way in which flats are owned and managed in England and Wales, it also published a consultation about how best to introduce commonhold. The consultation closes next Friday, 24 April 2026.

Consumer law: £4.2m fine on AA shows CMA means business

In its first infringement decision under the UK's new consumer enforcement regime, the Competition and Markets Authority has fined the AA £4.2 million and required it to repay over £700K to consumers.  This is just the latest in a series of developments indicating that B2C businesses in the UK face a much tougher regulatory environment than in the past.  We explain why it's essential to take this threat seriously and what consumer-facing businesses can do to reduce their risk.

Landlord alert: scope of ban on upwards-only rent reviews to be widened

The English Devolution and Community Empowerment Bill contains provisions which, as explored in an earlier briefing, will prevent landlords from implementing upwards-only rent reviews in commercial leases.  The final reading of the draft Bill in the House of Lords takes place today, and will be followed by a final consideration of the proposed amendments. The latest iteration of the Bill contains some changes from the first draft, none of which take into account landlords' concerns.

Travers Smith advises Nest on £450 million new Direct Lending Mandate

Travers Smith LLP has advised longstanding client Nest, the largest UK workplace pension scheme by number of members, on its appointment of Crescent Capital Group LP (Crescent) to manage an open-ended mandate investing in secured, first-priority loans to private companies.

Travers Smith advises Bain Capital Credit on $1.5 billion closing of its third CLO Captive Equity Fund

Travers Smith LLP has advised Bain Capital Credit on the successful final closing of Bain Capital Credit CLO Management III, LP ("CMV III"), with approximately $1.5 billion in total commitments. CMV III primarily targets majority equity investments in the firm's U.S. and European collateralized loan obligations (“CLOs”) and warehouses, providing vintage and geographic diversification.

Travers Smith advises lenders to Eutelsat on English law aspects of a €1 bn+ financing for the OneWeb satellite constellation

Travers Smith has acted as English law counsel to the lenders on an approximately €1 billion financing for Eutelsat, a world leader in satellite communications. The financing is being provided in connection with an order of 340 Low Earth Orbit (LEO) satellites by OneWeb, specialising in high-speed internet services.

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