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Following its pledge to introduce legislation within its first 100 days, the Government published the Employment Rights Bill on 10 October 2024. Once implemented, this legislation will make a number of significant changes to UK employment law.
Earlier this week, the UK Home Office published updated guidance (the "Guidance") for businesses on how to comply with the letter and spirit of the UK's Modern Slavery Act 2015 ("MSA").
All eyes will be on the Supreme Court next week, as appeals in the lead motor finance commission cases, Johnson, Wrench and Hopcraft[1], will be heard over three days from 1-3 April 2025.
Travers Smith LLP is delighted to have been awarded "UK Pro Bono Initiative" at the Legal 500 ESG Awards 2025.
Travers Smith LLP has advised Crossbay on its latest UK acquisition of the 65,000 sq ft single-let warehouse from abrdn, taking its UK portfolio to over 1m sq ft.
The Building Safety Act 2022 ('BSA') gives the Government the power to impose a building safety levy on all new residential buildings in England (the 'Levy').
Travers Smith LLP has advised Riviera Travel ("Riviera"), backed by Silverfleet Capital ("Silverfleet"), on the refinancing of its debt facilities. The new five-year, £125 million unitranche facility is provided by H.I.G.
A regular briefing for the alternative asset management industry.
6 April 2025 has now been confirmed as the "go live" date for most of the consumer law provisions of the Digital Markets, Competition and Consumers Act 2024 ("DMCCA"). These changes will give the UK one of the toughest enforcement regimes in the world, with the prospect of fines of up to 10% of global turnover on B2C businesses for infringing UK consumer law.
Leading independent law firm Travers Smith LLP announces that it is to open a new office in Brussels, the heart of the European Union, further strengthening its international Competition Practice.
On 5 March 2025, the UK Financial Conduct Authority published a report (the Report) containing observations and feedback from its Private Market Valuation Review (PMVR). This had been trailed during the previous week in the FCA's Asset Management and Alternatives Supervisory Strategy letter as a key FCA supervisory priority for 2025.
The process of investor onboarding is traditionally labour intensive, time consuming and costly. Completing subscription agreements and collating investor KYC materials can be arduous and can incur high costs for work that is largely process driven.
The UK Government considers ransomware attacks to be the greatest of all serious and organised cybercrime threats. In response, it has launched a consultation on three measures to reduce payments to cybercriminals and increase ransomware incident reporting.
Paddy Power's consumer terms and conditions failed to protect it against having to pay out over £1 million after an online game mistakenly indicated that a player had won a "Monster Jackpot". We discuss what lessons can be drawn from this dispute and two previous cases involving similar claims for million pound wins. We also look at the wider implications for B2C contracts, beyond the sphere of online games.
The Court of Appeal has handed down judgment in an appeal from various case management decisions in the long-running Alame & Ors v Shell plc & Anor [2024] EWCA Civ 1500 environmental group litigation ("Alame 3"). The decision emphasised the importance of parties' freedom to plead their case in a manner of their own choosing and the difficulties that can arise where claimants face an inequality of arms. The Court heard appeals from the first instance decisions in Alame & Ors v Shell plc & Anor [2023] EWHC 2961 ("Alame 1") and [2024] EWHC 510 ("Alame 2").
Travers Smith is currently advising two healthcare REITs - Care REIT plc and Assura plc - on their public takeovers by US bidders, further highlighting the recent theme of consolidation in the London REIT market.
Travers Smith has advised Bank J. Safra Sarasin AG, a global leader in private banking and wealth management, on its acquisition of a 70% stake in Saxo Bank A/S from Geely Financials Denmark A/S (a subsidiary of Geely Holding) and Mandatum Group.