The UK Competition and Markets Authority ("CMA") published its draft revised guidance on merger remedies on 16 October 2025 (the "Draft Guidance"), proposing updates to its approach to the selection, design and implementation of remedies in merger cases. The consultation is open until 13 November 2025, with final guidance expected to be in place later this year.

The New Towns Taskforce (the "NTT") recently issued its much-anticipated independent report to government on the sites which it proposes for designation as new towns. In this briefing we explore its report and the challenges that implementation will face.

Following the publication of a leaked draft of the European Commission's proposals for revisions to the EU Sustainable Finance Disclosure Regulation (SFDR), Travers Smith's Financial Services and Markets and Operational Risk and Environment teams have published a briefing on the key points contained within the draft text and their implications for asset managers.

At its outset, the case before the UK High Court in Getty Images v Stability AI looked set to provide a definitive outcome to the copyright debate dividing “two warring factions” (as the trial judge put it)—the creative industries and the AI industry. However, those hopes faded when Getty Images dropped its primary infringement claim at the end of the trial in June 2025, following insufficient evidence that Stability AI's generative AI model, Stable Diffusion, had been trained within the UK.

Travers Smith has advised long-standing client Basalt Infrastructure Partners on the sale of Manx Telecom Group to a strategic partnership of CVC DIF and Jersey Telecom. The transaction is subject to regulatory approvals. Manx Telecom is the incumbent digital-infrastructure platform on the Isle of Man, offering broadband, fixed line, mobile, and secure data services to residential, business, and public sector customers.

For several decades, policy-makers have differentiated between a population's lifespan (or life expectancy) and its healthspan (meaning the number of years of healthy, active, disease-free life). Across the Western world, increases in lifespan have generally not been matched by increases in healthspan. Having access to the right housing, in the right location and at the right price is part of the formula for healthy ageing.

The UK Government has issued an open call for evidence asking for examples of where UK regulation inhibits growth, innovation and investment. This is a good opportunity for businesses to make the case for Government to look again at aspects of law or regulation which may be well-intentioned, but are disproportionate in their effects.

Welcome to our series of podcasts focusing on international employment law.

Overturning the decision of the Court of Appeal, the Supreme Court has confirmed in Stevens v Hotel Portfolio II [2025] UKSC 28 that a person can be liable to pay equitable compensation where they dishonestly assist a director in dissipating unauthorised profit.

Travers Smith has advised longstanding client Investec on the provision of upsized senior debt facilities to support Triple Private Equity-backed Legal Benchmarking Group (“LBG”) in its strategic acquisition of The Lawyer, a leading UK legal business intelligence platform, which has been acquired from Centaur Media.

With the "go live" date for regulation of heat networks fast approaching (27 January 2026), network operators - and some landlords - need to make sure they're prepared for the new regime.

Travers Smith has advised RBS International on the provision of an €80m NAV facility to Foresight Energy Infrastructure Partners (“FEIP”). The facility will support FEIP's continued development of its portfolio of renewable energy and enabling infrastructure assets. 

As ESG goals and "pro-growth" initiatives remain high on governments' agendas, it is no surprise that competition law is having to examine its interaction with the green transition. Below, we discuss the key approaches to ESG collaborations from four key competition regulators: in the EU, UK, Japan and the US.^[1] Whilst navigating this complex and fast-paced regulatory landscape presents significant challenges for businesses operating across multiple jurisdictions, we also highlight some areas of helpful alignment and areas of risk mitigation that businesses and their advisers can take. 

The European Banking Authority (EBA) is preparing to usher in a Digital Operational Resilience Act (DORA)-style regime, but this time for non-ICT third-party arrangements. Its proposed draft guidelines significantly expand its former 2019 outsourcing guidelines and will lead to an overhaul of third-party risk management within EU financial services.