On 26 October 2023, the Economic Crime and Corporate Transparency Act 2023 became law. The new U.K. law is designed to fight corruption, money laundering and fraud, has major implications for businesses and will engender...more
On 26 October 2023, the Economic Crime and Corporate Transparency Act received royal assent. The new law is designed to fight corruption, money laundering and fraud, and has major implications for businesses, including:...more
What?
The Economic Crime and Corporate Transparency Bill, published 22 September 2022, proposes fundamental changes to Companies House. The government intends these changes to improve data reliability at Companies House...more
Given the increasing popularity of special purpose acquisition companies (SPACs) and the desire to retain London’s competitiveness in the IPO space, on 31 March 2021, the Financial Conduct Authority (FCA) announced its plan...more
The end of the Brexit transition period on 31 December 2020 means the UK now has full autonomy over its data protection policies. As of 1 January 2021 the UK is recognised as a ‘third country’ under EU General Data Protection...more
Locked-box pricing mechanisms in private merger and acquisition deals have been popular in recent years. The mechanism, in short, involves the buyer and seller agreeing on a fixed purchase price at the start of the...more
Recognising the vital role of capital markets in mitigating the effects of COVID-19, on April 8, 2020, the UK’s Financial Conduct Authority (FCA) announced additional primary market measures intended to aid companies listed...more
To soften the economic impact of the COVID-19 pandemic, the British government has announced that a £350 billion package of loans and grants will be available to British businesses. These measures are being taken to divert a...more
Oversea-Chinese Banking Corporation Ltd v ING Bank NV [2019] EWHC 676 (Comm) saw a creative argument put forward in the High Court regarding the measure of damages for breach of warranty in a share purchase agreement, but the...more
The recent decision in Merthyr (South Wales) Ltd v Merthyr Tydfil County Borough Council [2019] EWCA Civ 526, considered the extent to which precontractual material, such as precontractual negotiations or a proposal, may be...more
The 15 February 2019 judgment in the case of Stobart Group Limited v William Andrew Tinkler [2019] EWHC 258 (Comm) raises “some elementary principles of corporate governance” and notably, some interesting themes regarding the...more
Introduction -
In light of the decisions made in the case of BTI 2014 LLC v Sequana SA [2019] EWCA Civ 112 (the Sequana case), consideration may need to be given to the interests of creditors when declaring a dividend....more
The General Data Protection Regulation (GDPR) imposes strict obligations upon organizations that process the “personal data” of European individuals. Failure to comply with GDPR can result in large fines. The UK’s Information...more
11/28/2018
/ Corporate Counsel ,
Cybersecurity ,
Data Protection ,
EU ,
General Data Protection Regulation (GDPR) ,
Information Commissioner's Office (ICO) ,
International Data Transfers ,
Personal Data ,
Popular ,
UK ,
UK Brexit
On May 25, 2018, the General Data Protection Regulation (GDPR) goes into effect. Are you ready?
Who’s affected?
Organizations, anywhere in the world, that process the personal data of European Union (EU) residents...more
From 6 April 2017 a new private fund limited partnership (PFLP) vehicle will be available.
Limited partnerships are a commonly used structure for private equity and venture capital funds. The Legislative Reform...more
On 6 April 2016, changes to the Companies Act 2006 introduced the regime relating to the disclosure of persons with significant control (PSC regime). In brief, the new regime requires unlisted UK companies to take reasonable...more
Effective immediately, most UK companies, Societates Europaeae and UK Limited Liability Partnerships (LLPs) are required to maintain a register of People with Significant Control (“PSC Register”). Set out below is a brief...more