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What the UK's tough new rules on late payment mean for your business

The UK Government is making major changes to the law on late payment – including fines for businesses which fail to pay suppliers on time, a prohibition on payment periods over 60 days and a new adjudication system for certain payment disputes. These measures are likely to lead to a significantly tougher regulatory environment, particularly for larger businesses which regularly use SME suppliers.

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Travers Smith advises Peel Group on its cash offer for Harworth Group plc

Travers Smith is advising Peel Pepper (UK) Limited ("BidCo"), a company indirectly wholly-owned by Peel Holdings Group Limited, on its voluntary cash offer to acquire the entire issued and to be issued ordinary share capital of Harworth Group plc ("Harworth") not already owned by BidCo or other wholly-owned subsidiaries of Peel Holdings Group Limited.

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Split trials in securities litigation – split decisions or a broadly orthodox approach?

Split trials have become a hot topic in securities claims brought under the provisions of the Financial Services and Markets Act 2000. In particular, the question of when the issue of reliance should be heard in section 90A / schedule 10A cases has proved to be rather knotty, with the conclusions of judges appearing to vary from case to case.

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