Travers Smith LLP is delighted to announce the winners of its 2025/26 CSR Art Awards. Set up in 2015, the firm's CSR Art Programme works with graduate artists from the University of Westminster and the Royal College of Art (RCA).

Travers Smith LLP is delighted to have been awarded the 'Tax Adviser' award at The Drawdown Awards for the second year running. 

Travers Smith LLP is delighted to announce the promotion of six lawyers to Senior Counsel, effective from 1 July 2026.  

Travers Smith LLP has advised ETS Connect UK, following its appointment by the Financial Conduct Authority (FCA), on the delivery and successful launch of the UK’s first consolidated bond tape.

Travers Smith has advised Peel Group on the sale of APCL Group to Balaena Group, a privately-owned, maritime engineering group based in Cornwall. 

Commercial property landlords have been in limbo for over five years as to whether and when the current MEES requirement of an EPC E rating would be increased.  Meanwhile, they learnt from the Warm Homes Plan that residential properties in the PRS must have an EPC C rating by October 2030.

The Upper Tribunal (Tax and Chancery Chamber) (UT) has dismissed Barclays' appeal against the decision of the First-tier Tribunal (Tax Chamber) (FTT) upholding HMRC's refusal to allow a US company, Barclays Services Corporation (BSC), a member of Barclays' corporate group, to join Barclay's UK value added tax (VAT) group. The main reason for refusing the application was that the US company's registered branch in the UK was not a 'fixed establishment'.

Travers Smith LLP has announced today the promotion of three lawyers to its partnership, with effect from 1 July 2026.

Travers Smith LLP has advised Inflexion on the acquisition financing for its majority investment in Ranger Fire and Security.

Travers Smith has advised Capital Group on the launch of Capital Group KKR Global Multi-Sector+ (the Fund), the first sub-fund of the Luxembourg investment vehicle Capital Group Alternative Investments Funds.

A regular briefing for the alternative asset management industry. 

Since 6 April 2026, the UK has had a new regime under which all carried interest is taxed as trading income, regardless of the underlying nature of the return. As it is trading income, the starting position is that it is taxed at rates of up to 47% (45% income tax plus 2% national insurance contributions). However, provided the carried interest is "qualifying", a bespoke effective rate of around 34.1% applies.

The US LLC is a popular business vehicle, particularly in the private capital sector. However, its current UK tax treatment can give rise to effective double taxation for members who are UK resident individuals.

Travers Smith has advised on UK and EU financial regulatory aspects of an initial $35 billion capital solution as part of Broadcom's new AI XPV Platform, led by Apollo-managed funds and affiliates in partnership with Blackstone and leading global banks. The transaction represents the largest private financing ever executed and is designed to enable over 20GW in compute capacity for leading frontier AI labs through 2028.

Travers Smith has advised UK based independent power producer Enviromena on a Holdco debt financing facility of up to £175 million with Eiffel Investment Group, a prominent European independent asset manager specialising in infrastructure financing and energy transition.

Geopolitical pressures, technological disruption and shifting energy markets are reshaping what it means to transition to a more sustainable economy. This edition examines how three sectors, energy, defence and digital, are navigating the transition and reviews the regulatory and financial framework that will determine whether the transition succeeds.

Travers Smith's Senior Partner Andrew Gillen has been recognised in Financial News' Fifty Most Influential Lawyers 2026, an annual list which recognises leading European legal professionals across M&A, Capital Markets, Financial Regulation, and Private Markets.

The London Stock Exchange ("LSE") has just published a consultation paper, AIM Notice 62 (the "Consultation Paper"), setting out its reforms to the AIM Rules for Companies (the "AIM Rules").

The UK Government has announced that the implementation date for the UK's new subscription contracts regime has been pushed back to "Spring 2027". Whilst this gives businesses more time to prepare, there is a great deal to consider – and as we explain below, the sooner you start that process, the better.

In this edition, we look at infrastructure and energy measures in the King's Speech, how the UK is proposing to decouple gas and electricity prices, the latest state of play on data centres and the impact of conflict in the Middle East.  We also discuss whether pre-development costs should get preferential tax treatment and VAT on electric vehicle charging, together with a range of other regulatory issues affecting the infrastructure and energy sectors.