With new provisions in effect beginning August 29, 2023, the UK’s regulatory framework for digital assets begins to take shape.
FSMA 2023 explicitly brings cryptoassets within the FCA’s regulatory perimeter and creates a...more
8/30/2023
/ Bank of England ,
Cryptoassets ,
Digital Assets ,
Financial Conduct Authority (FCA) ,
Financial Markets ,
Financial Services Industry ,
FSMA ,
Money Laundering ,
New Regulations ,
Stablecoins ,
UK ,
UK Regulated Activities Order (RAO Amendments)
The new EU Foreign Subsidies Regulation (FSR) has now finally taken effect. Under the FSR the European Commission (EC) will have new powers to intervene against distortions to competition in the EU internal market caused by...more
The EU Foreign Subsidies Regulation (“FSR”) entered into force on 12 January 2023 and will start to apply from 12 July 2023. Under the FSR, the European Commission (“Commission”) will have powers to intervene against...more
Establishing and Managing a Business in the UK”, authored by the attorneys of Pillsbury’s London office, is a concise and practical guide for foreign investors in the UK. The guide covers key concerns and topics such as...more
Overseas entities that own or lease UK real estate must register at Companies House by January 31, 2023.
Failure to comply with the Act will expose the overseas entity and its officers to criminal sanctions and could...more
Overseas investors are welcome in the UK. Save as set out below, there are no specific laws prohibiting foreign investment in the UK nor are there any business requirements for UK participation in the ownership or management...more
3/9/2022
/ Capital Gains ,
Certificates of Incorporation ,
Corporate Taxes ,
Excise Tax ,
Financing ,
Loans ,
Profits ,
Shareholders ,
Startups ,
UK ,
UK Brexit ,
UK GDPR ,
Value-Added Tax (VAT)
Just one day before New Year’s Eve, EU Commission President Ursula von der Leyen, EU Council President Charles Michel and UK Prime Minister Boris Johnson finally signed the EU-UK Trade and Cooperation Agreement.
Effective as...more
1/4/2021
/ Corporate Counsel ,
Data Collection ,
Dispute Resolution ,
Energy Sector ,
EU ,
Exports ,
Financial Services Industry ,
Free Trade Agreements ,
General Data Protection Regulation (GDPR) ,
Imports ,
Paris Agreement ,
Personal Data ,
Popular ,
Tariffs ,
UK ,
UK Brexit
The UK government has introduced proposals for extensive new rules and review powers governing foreign direct investment across the UK’s critical infrastructure and defence industries.
The new regime will introduce tougher...more
Winds of change blow through UK insolvency law.
The Act borrows restructuring concepts from the United States, aimed at rescuing struggling businesses.
The new measures include a new moratorium to give companies...more
The UK Government has announced an unprecedented raft of measures designed to support UK workers and businesses through the COVID-19 pandemic.
The UK government’s economic response to the crisis has been substantial and...more
Certain “non-essential” businesses have been asked to close for a period of at least three weeks.
Individuals have been told to stay at home except in a few limited circumstances, which includes work that absolutely cannot...more
On 17 March 2020, the UK government announced a rescue package worth £330 billion to assist businesses struggling with the ‘economic emergency’ caused by the coronavirus pandemic in the UK. These measures, outlined by the...more
COVID-19 calls for review and management of the entire chain, including but not limited to suppliers and customers.
In times of uncertainty, every enterprise should undertake a stress test of its supply chain and manage...more
3/10/2020
/ Best Practices ,
China ,
Contract Terms ,
Coronavirus/COVID-19 ,
Emergency Management Plans ,
Force Majeure Clause ,
Foreign Commerce ,
Imports ,
Infectious Diseases ,
Performance Standards ,
Public Health ,
Risk Management ,
Suppliers ,
Supply Chain ,
Supply Contracts ,
Uniform Commercial Code (UCC)
- Under English law, force majeure clauses in contracts may allow parties to avoid their performance obligations in certain extreme circumstances, as defined by the contract.
- It is unlikely that a low demand for LNG in...more
2/20/2020
/ China ,
Commercial Contracts ,
Contract Terms ,
Coronavirus/COVID-19 ,
Corporate Counsel ,
Energy Sector ,
Exports ,
Force Majeure Clause ,
Imports ,
Infectious Diseases ,
Liquid Natural Gas ,
Manufacturers ,
Oil & Gas ,
Public Health ,
Suppliers ,
Supply Chain
- Britain withdraws from the European Union as of 1 February 2020.
- EU law will continue to influence UK law, but divergence in case law is possible over time.
- Commercial agreements between the UK and EU...more
This guide has been compiled to give an overview of the rudimentary legal aspects that should be considered by anyone thinking of establishing a business in the UK. It is aimed at businesses that may already be established in...more
1/27/2020
/ Board of Directors ,
Business Assets ,
Business Development ,
Business Entities ,
Business Formation ,
Capital Formation ,
Capital Gains ,
Corporate Governance ,
Data Breach ,
Data Processors ,
Data Protection ,
Debt Collection ,
Employer Liability Issues ,
Employment Tax ,
Foreign Workers ,
General Data Protection Regulation (GDPR) ,
Insolvency ,
Intellectual Property Protection ,
International Data Transfers ,
Libor ,
Personal Data ,
Privacy Laws ,
Real Estate Transactions ,
Shareholders ,
Startups ,
UK ,
UK Brexit ,
Value-Added Tax (VAT)
The United Kingdom has voted to leave the European Union. The vote is not legally binding but Prime Minister David Cameron has already acknowledged that the will of the people must be followed. We consider the key preliminary...more
6/27/2016
/ Acquisitions ,
Article 50 Treaty of the EU ,
Bilateral Agreements ,
Capital Markets ,
Data Protection ,
Debt Financing ,
EFTA ,
Equity Markets ,
EU ,
European Economic Area (EEA) ,
Financial Services Industry ,
Free Trade Agreements ,
Intellectual Property Protection ,
International Labor Laws ,
International Treaties ,
Mergers ,
Northern Ireland ,
Repeal ,
Scotland ,
Takeover Code ,
UK ,
UK Brexit ,
WTO
Given London’s role in international business and finance, the UK Bribery Act 2010 promised to form a potential strong counterpart to the U.S. Foreign Corrupt Practices Act (FCPA). Now, the UK government is taking steps which...more