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Knowledge Notes
The UK King's Speech – what can business expect this year?
The government has set out its agenda for the new Parliamentary session, with continued emphasis on economic growth
Incentives, remuneration and benefits
UK Employee Incentives Update | May 2026
In this edition, we focus on the upcoming 6 July employment-related securities returns deadline and some employee tax developments in
Dispute resolution
English Commercial Court expands application of legal advice privilege to intra-client communications
Glencore ruling settles question left open by Three Rivers on privilege for communications in corporate client groups
Competition, antitrust and trade
UK merger-control reform proposals raise concerns for deal teams to watch
The reform agenda promises greater speed but brings questions over weakened safeguards and political interference
Tax
How speed of response and transparency can limit the impact of a UK tax error
Voluntary disclosure to HMRC can sharply reduce penalties and the risk of wider investigation
Corporate
Spanish law allows creditors to make individual liability claims against directors after de facto trading cessation
Claimants must demonstrate, however, that an orderly winding-up would have recovered their debt at least in part
Competition, antitrust and trade
UK government sets out plans to update investment screening rules
Revised definitions across eight sectors, a water schedule and fresh carve-outs for AI end-users take shape
Incentives, remuneration and benefits
UK employee incentives: EMI regime to expand for growing companies from 6 April
Increases in company eligibility limits open the valuable tax-advantaged share option scheme to a wider pool
Corporate
Spain tightens rules on share transfers in limited liability companies
The draft of the Organic Law on Public Integrity proposes the constitutive registry and new transparency rules for the shares
Corporate
When does financial distress close the door on prospectus exemptions in Belgium?
FSMA clarifies which restructuring and insolvency procedures prevent Belgian issuers from relying on prospectus exemptions under the EU Listing Act
Corporate
How American capital pursuing Belgian investment or acquisition targets can mitigate deal‑breaker risks
US funds willing to invest in or acquire Belgian companies face pitfalls – good planning and advisers can drive success