The impact of the COVID-19 pandemic continues to be felt across the global business community.
We are pleased to present the first edition of "Pensions De-risking", our periodical update on developments in the pensions de-risking marketplace. This first edition includes topical content on illiquid investments in the context of de-risking activity and links to other Travers Smith content on the increasingly recurring theme of pension scheme surpluses.
Ireland's Data Protection Commission (DPC) has published its decision following its inquiry into Meta Platforms Ireland's transfer of personal data from the EU/EEA to the US for Meta's Facebook service. The corrective steps it has ordered and €1.2 billion fine, the largest ever issued under GDPR, are a substantial, albeit expected, blow for Meta.
A regular briefing for the alternative asset management industry.
In this "Getting ready for pensions dashboards" series (recorded in February 2023), we discuss what actions schemes need to take to prepare for pensions dashboards.
In this "Getting ready for pensions dashboards" series (recorded in February 2023), we discuss what actions schemes need to take to prepare for pensions dashboards.
In this "Getting ready for pensions dashboards" series (recorded in February 2023), we discuss what actions schemes need to take to prepare for pensions dashboards.
In this "Getting ready for pensions dashboards" series (recorded in February 2023), we discuss what actions schemes need to take to prepare for pensions dashboards.
In this "Getting ready for pensions dashboards" series, we discuss what actions schemes need to take to prepare for pensions dashboards.
Travers Smith Tax Partner, Hannah Manning and Tax Senior Counsel, Elissavet Grout have authored an article published in the Solicitors Journal.
Key employment and business immigration developments for employers.
Now that the FCA has published its proposals for a radical overhaul of the listing regime, we take stock of the wider package of reforms affecting the UK listing, prospectus and secondary fundraising regimes. The reforms are aimed at making London a more attractive and trusted place to list and at striking a balance between achieving transparency and market integrity, whilst removing some of the complexities and key frictions that are often seen as too burdensome.
On 5 April 2023, the Commission launched a consultation on its draft of the long-awaited technical screening criteria ("TSC") for the four remaining Taxonomy objectives, sometimes known as "TAXO4"1. The TAXO4 TSC were initially intended to be in place by 1 January 2023, a year after the TSC for the first two environmental objectives, but have been significantly delayed. Therefore, the draft's publication finally provides a fuller picture of the Taxonomy and gives those with ambition to align to the remaining environmental objectives an idea of the scale of that task.
In its recent decision in McClean & Ors v Thornhill, the Court of Appeal found that a leading tax silk appointed to advise the promoter of three tax avoidance schemes did not owe a duty of care to investors, notwithstanding that the silk had consented to his advice being shared with the investors. The decision provides useful guidance as to the circumstances in which professionals, particularly legal professionals, may be found to have adopted a duty of care to prospective claimants by whom they have not been directly instructed.
In our new Talking. Secondaries. series, we will seek to demystify the secondaries and synthetic secondaries markets and provide insights into the variety of tools available to GPs when looking to provide liquidity to their limited partners and their portfolios.
Increased scrutiny of private equity investment is firmly on the radar of US antitrust enforcers. Both the Federal Trade Commission (FTC) and U.S.
This briefing was originally published on 18 November 2021 and was last updated on 10 May 2023.
Travers Smith Senior Consultant, Simon Witney, has contributed to a report by the World Economic Forum – read the full White Paper 'Private Market Impact Investing: A Turning Point'.