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On course for an EU-US adequacy decision?

On 7 October 2022, President Biden issued an Executive Order (EO) that seeks to address the concerns set out in the Schrems II decision about US intelligence agencies’ access to EU individuals’ personal data. The EO is a significant step towards an EU-U.S. adequacy decision (expected in Spring 2023, if approved by member states) but, if granted, will that adequacy decision be sufficiently robust to withstand a likely legal challenge? 

Travers Smith has advised Adventurous Journeys Capital Partners on its acquisition of the Dornoch Hotel

Travers Smith LLP has advised long-standing client Adventurous Journeys Capital Partners (AJ Capital Partners) on its acquisition of The Dornoch Hotel in Scotland. Positioned along the popular North Coast 500 driving route, the hotel will be the fifth addition to AJ Capital Partners' Marine & Lawn Hotels & Resorts division, a collection of bespoke properties located in world renowned golf destinations.

Sanctions Update: UK enforcement, international regulator collaboration and further restrictive measures taken in response to Russia's invasion of Ukraine

This update provides a brief overview of some notable events that have occurred in recent weeks, including the UK Government's increasing ability to target activities considered to be problematic from a circumventing Russian sanctions perspective.

Financial services outsourcing: UK plans to regulate service providers as well as their customers

The UK Government is proposing greater regulatory oversight of financial services outsourcings involving "Critical Third Parties" (CTPs). If implemented, these changes will result in CTPs – some of which may not regard themselves as part of the finance sector - being regulated directly by financial services supervisory authorities. This would represent a major shift in approach.

Travers Smith launches Menopause Policy

Travers Smith LLP has introduced a menopause policy, including a number of paid for benefits, to provide support to people who are experiencing symptoms associated with the perimenopause and menopause whilst also supporting line managers by providing guidance.  

Principles for Responsible Investment (PRI): Integrating sustainability goals across the investment industry in the UK

Partners Andy Lewis and Jonathan Gilmour, Senior Counsel Harriet Sayer and Senior Consultant Simon Witney have contributed to the latest paper from Principles for Responsible Investment (PRI): A legal framework for impact (UK): integrating sustainability investment goals across the investment industry.

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