News
This is the second of a series of articles highlighting some traps for the unwary under the Economic Crime (Transparency and Enforcement) Act 2022 (ECTEA).
News
This is the first of a series of articles highlighting some traps for the unwary under the Economic Crime (Transparency and Enforcement) Act 2022 (ECTEA).
Globally Speaking
The Economic Crime (Transparency and Enforcement) Act 2022 (“ECA”) introduced a register of overseas entities (“ROE”) and was passed on 15 March 2022 after a fast-tracked legislative process following events… Read more →
News
The register of overseas entities (“ROE”) created by Part 1 Economic Crime (Transparency and Enforcement) Act 2022, came into force on 1 August 2022. The ROE is a new register, maintained… Read more →
News
We waited patiently for the Register of Overseas Entities (ROE), a new public transparency register of overseas corporate ownership of UK real estate, which was launched by David Cameron in… Read more →
News
The Economic Crime (Transparency and Enforcement) Act 2022 (ECA) was passed into law in the early hours of 15 March 2022. Partner Edward Craft shares his thoughts in an article… Read more →
News
The National Security and Investment Act 2021 (NSIA), together with the relevant regulations made under it, came into force on 4 January 2022. Pleased to share the piece Partner Edward… Read more →
News
Antoaneta Proctor and Edward Craft have written a piece discussing family office investment in private equity, published in the latest edition of Private Equity News. “Families are currently managing the… Read more →
News
The recent suspension of Neil Woodford’s Equity Income Fund to redemptions has put a spotlight on the asset management industry. With billions of pounds of investors’ money now trapped, many… Read more →
Uncategorized
As technological advances have an increasing impact on every aspect of our business and personal interactions, it is important that the law remains relevant as technology and practice evolves. The… Read more →
News
Commercial parties are becoming more familiar with electronic signatures. In the summer of 2016, the Law Society produced a practice note summarising the current legal position and supporting the use… Read more →
News
Sir John Kingman, chairman of Legal and General plc has been charged by the government with carrying out a root-and-branch review of The Financial Reporting Council (the FRC), that rather… Read more →
News
As it committed to do, BEIS has issued draft legislation for a new regime for “PSC in property”, in the form of the Overseas Entities Bill. This bill has only… Read more →
News
Corporate governance is a good thing. Well governed companies have been demonstrated to make better decisions and are less risky than poorly-governed companies. However, there is a broad spectrum of… Read more →
Bulletins
Welcome to the Summer edition of our In Counsel publication In this update we will outline the most recent legal developments affecting your business, in particular, the implications of the… Read more →
News
The Law Society of England and Wales and the City of London Law Society have recently published two joint papers analysing the circumstances in which an intra-group loan or cross… Read more →
News
In June 2018 the UK government laid The Companies (Miscellaneous Reporting) Regulations 2018 (the new reporting regulations) before parliament and also published Q&A guidance. Upon being approved under the affirmative… Read more →
The Quoted Companies Alliance has issued an update to its Corporate Governance Code for Small and Mid- Size Quoted Companies. The previous version of the QCA code was issued in… Read more →
Bulletins
The Financial Reporting Council (FRC) is the custodian of the UK Corporate Governance Code (the UK Code). The FRC needed to refresh the UK Code, and it is now well… Read more →
Bulletins
Notwithstanding the stated intention of the UK government to take back control, it remains important to keep abreast of legislative and other initiatives emanating from Brussels. This is because, in… Read more →
Bulletins
As reported in our Autumn 2017 In Counsel, in a call for evidence published on 11 July 2017, the London Stock Exchange (LSE) sought feedback on certain key areas of… Read more →
Bulletins
As Jane Austen arrives on our fresh ten pound notes, it seems appropriate to misquote her: “It is a truth universally acknowledged that a government without the good fortune of… Read more →
Bulletins
Since its launch in 1995, the London Stock Exchange’s Alternative Investment Market (AIM) has experienced many ups and downs. As recently as two years ago (the market’s 20th anniversary), investors had… Read more →
Bulletins
Please click here to view the digital flipbook version of our newsletter. Contents ‘Can local authorities require new developments to be car-free?‘– Matthew Mainstone gives you the answer. ‘Dear Claire’ – can I charge… Read more →
Bulletins
A new register of beneficial owners of overseas entities owning UK property – what you need to know about the proposals Why the new regime? The London property market is… Read more →
Bulletins
The summer of 2017 will bring about three notable changes to the UK Government’s transparency registers initiative: 1. UK implementation of the Fourth EU Anti-Money Laundering Directive; 2. other changes… Read more →
Bulletins
We live in a time of transition. Old assumptions and alliances are being challenged. Calm, reasoned, rational debate is lost in the cacophony. British politicians state the case that “action… Read more →
Bulletins
Edward Craft and Amelia Villiers-Stuart discuss the decline of merger activity in 2016 as investors behave cautiously in an uncertain geopolitical environment. To view the full article first published in… Read more →
Bulletins
The Business, Innovation and Skills Committee of the House of Commons has jumped on the bandwagon and launched an inquiry into corporate governance. An analysis of governance is drawing interest… Read more →
Bulletins
The European Parliament recently adopted major amendments to the draft Prospectus Regulation (the Regulation) proposed by the European Commission to replace the Prospectus Directive 2003/71/EC as amended (the Directive). The… Read more →
Bulletins
In the last few In Counsel updates we have repeatedly raised the changes to company law brought about by the new register of people with significant control (PSC Register) which… Read more →
Bulletins
Businesses need to prepare themselves now for the implementation of the new EU Anti-Money Laundering Directive (the Directive). The Directive is scheduled to come into force in July 2017, but… Read more →
Bulletins
Trusts in the UK have long been private structures, with information on the terms, identity of beneficiaries and trust assets only available to the settlor, trustees and certain beneficiaries. But… Read more →
Bulletins
During Theresa May’s (unexpectedly short) campaign to become leader of the Conservative Party, she expressed the need to address the issue of distrust between the electorate and corporates, suggesting “we’re… Read more →
Bulletins
To be very clear, whilst at this stage the Brexit referendum vote had had a seismic political impact, its contractual effect remains very limited: at this juncture. However, the vote… Read more →
Bulletins
Before the Fourth EU Anti-Money Laundering Directive comes into force and shortly after the UK referendum vote, the European Commission has made a proposal to amend the directive and accelerate… Read more →
Bulletins
The nomination committee plays a vital, but often understated role to ensuring that the board has and continues to have the necessary range of skills and expertise. It is critical… Read more →
Bulletins
On 23 June 2016 the UK voted in a referendum to leave the European Union. While non-binding, the new government has said that the Brexit vote will be given effect.… Read more →
Bulletins
Edward Craft was interviewed by Share Radio on 13 July 2016. In the interview he discusses whether he was surprised to hear about Theresa May’s plans – especially considering they… Read more →
News
Edward Craft was quoted in an article in The Times published on 16 June 2016 on the legal fallout of the BHS scandal. To view the full article please click… Read more →
Bulletins
2012 was the year it rained, save for those few brief weeks when London hosted the Olympic Games. However, for the investment community the year is remembered for the awakening… Read more →
Bulletins
During the Shareholder Spring of 2012 shareholders won the argument that non-executive directors alone could be trusted to keep directors’ pay under appropriate scrutiny and control. Accordingly, the UK government… Read more →
Bulletins
Last year the new Part 21A was introduced into the Companies Act 2006, creating a new regime for almost all companies incorporated in any part of the UK to create… Read more →
Bulletins
On 12 May 2016, UK Prime Minister David Cameron, declared a raft of announcements at the anti-corruption summit in London. The UK government is now pushing hard the message that… Read more →
The most recent development in the regulatory landscape is one enshrined in company law which will require almost every company incorporated in any part of the UK, LLPs and SEs (Societas Europaea) to… Read more →
Bulletins
From novel methods of banking to crowd funding, peer-to-peer lending and fund administration, fintech is growing ever more important in our increasingly e-connected world. To assist, support and encourage new… Read more →
Bulletins
As we have been alerting you over the last two years, the new regime for registers of persons with significant control (PSC register regime) for UK affected entities is nearly… Read more →
Bulletins
Significant changes to the Companies Act 2006 are in the process of coming into effect. Most significantly, from 1 January 2016 companies will need to keep and maintain a new… Read more →