The fees related to the realisation of a secured asset, and in each case payment had been made in accordance with terms agreed with the security trustee, a Mr Colin, who had appointed the administrator. The fees were calculated as
More about Pagden v RidgleyOn 2 September 2025, the UK Government published draft “Money Laundering and Terrorist Financing (Amendment and Miscellaneous Provision) Regulations 2025” (the Regulations), which included proposed amendments to the rules governing the UK’s Trust Registration Service (TRS). These changes aim to
More about Expansion of the UK Trust Registration Service: implications for non-UK trustsResearch quoted in the Law Society’s International Data Insights Report 2025 estimates that about 40% of the world’s cross-border business and financial transactions are governed by English law; and in 2021 English law was the governing framework for global M&A
More about Making a good deal better: the English law effectWider context Carried interest is a share of profits from an investment that is paid to investment managers and general partners in private equity, venture capital, or hedge funds. It is a performance fee that is paid out to fund
More about Private equity and carried interest: preparing for the new rulesWhat’s changing? Certain registers no longer required Companies will no longer be required to keep the following registers as part of their company registers (also known as statutory books): register of directors; register of directors’ residential addresses; register of secretaries;
More about Streamlining company registers – changes from November 2025Privilege and the Shareholder Rule Communications that would otherwise need to be disclosed in legal proceedings are protected from disclosure where legal professional privilege attaches to them. The rationale is clear: clients should be able to obtain legal advice in
More about From transparency to privilege in company proceedings: The shareholder rule overturned by the Privy CouncilPARLIAMENT Effective Date Effect Bills (and Acts not yet in force) FINANCE BILL 2025/2026 HMRC published draft IHT legislation on 21 July 2025 The Bill will be introduced in Parliament following the Chancellor’s Autumn Budget on 26 November 2025 including
More about Part 4 – Pensions Ready Reckoner October 2025HMRC’s draft legislation issued on 21 July 2025 for Technical Consultation features the points of principle in the adjacent box. Many comments have been made in response to the Consultation. We now await the Finance Bill which may contain changes.
More about Part 3 – Inheritance Tax and PensionsProject Nemo: navigating global pension complexities in a share sale Project Nemo involved WB and i-Global Law acting for a US-headquartered cloud computing specialist in the Sale of its global communications division to a leading provider of share registration services.
More about Part 2 – Key Wedlake Bell international pensions and employee benefit projectsIn Pelgrave v The Pensions Regulator[1], the Upper Tribunal (Tax and Chancery Chamber) considered whether Elizabeth Ann Pelgrave should be subject to a contribution notice (CN) under section 38 of the Pensions Act 2004. The case arose from a determination by
More about Part 1 – TPR Contribution Notice against Director upheld