The impact of the COVID-19 pandemic continues to be felt across the global business community.
The High Court has confirmed the narrow scope of the "iniquity exception" to legal professional privilege in a fraud claim brought by a London law firm against a former client. The firm sought to rely on privileged communications and confidential information in its evidence.
Find the latest news, views and our analysis of all the key announcements.
On 15 March 2022, the UK's new Economic Crime (Transparency and Enforcement) Act (the "ECA") received Royal Assent. The legislation contains a number of important provisions, including the introduction of a new 'Register of Overseas Entities' and reforms to unexplained wealth orders.
We recently hosted a webinar on the UK's new Qualifying Asset Holding Company Regime (QAHC) which will come into effect from April 2022.
Key employment and business immigration developments for employers.
In a bid to bolster its attractiveness to the asset management sector, the UK is introducing a new tax efficient vehicle: the qualifying asset holding company (“QAHC”, pronounced “quack”). The elective regime will be introduced in April 2022 and, by providing a simplified basis of taxation and a host of generous tax benefits, should allow the UK to compete with Luxembourg and other competitor jurisdictions.
We recently hosted a webinar on the UK's new Qualifying Asset Holding Company Regime (QAHC) which will come into effect from April 2022.
In the fifth episode of the series, Knowledge Counsel Jonathan Rush looks at the impact of Brexit on UK law.
There is a lot going on in the world of tax which will be of interest to those in the asset management sector. Relevant developments include international projects (such as the ongoing push to implement the OECD’s Pillar One and Pillar Two proposals and the publication of the EU’s shell entity proposals) but the domestic UK position should not be overlooked, with several exciting initiatives in train.
A regular briefing for the alternative asset management industry.
This briefing was originally published on 18 November 2021 and updated on 10 December 2021 and 10 March 2022.
In 2016 the Government introduced a requirement for all UK companies to maintain a register of "People with Significant Control", and announced its intention to establish a register of beneficial ownership information for overseas entities that own or buy UK property ("the Register").
In the fourth episode of the series, Senior Associate Richard Offord talks about the impact of Brexit on goods, following the UK's departure from the Single Market and Customs Union.
At the end of last month BEIS published non-binding guidance for large companies and LLPs on the obligation to make climate-related financial disclosures in their annual accounts. In-scope entities will have to prepare for the new obligations and ensure that their governance structure and financial planning and reporting processes are fit for purpose.
Our ESG timeline sets out recent and expected UK and EU legal and regulatory developments relating to ESG and wider sustainable business topics. The timeline can be filtered according to your business type or the relevant ESG theme.
"The CSR Art Programme began after Travers Smith decided to fill its blank walls after a refurbishment of its office spaces in 2015. Instead of simply buying prints from retailers, the firm decided to do something creative which could complement its commitment to CSR."
Senior Consultant, Simon Witney, and Consultant, Sarah-Jane Denton, explore the effect that environmental reform will have on the alternative asset management industry.
On 28 February 2022, the EU Platform on Sustainable Finance (the Platform) published its Final Report on a potential Social Taxonomy. This sets out the Platform's proposals for a structure for a social taxonomy under EU sustainability legislation.
The European Commission recently unveiled its long-awaited proposal for a directive on corporate sustainability due diligence, which is designed to tackle human rights and environmental impacts across value chains (the "CSDD").
Travelling. Seamlessly. podcast series