All Insights

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
ESG – Environmental, Social and Governance

Feeling the heat? ESOS phase 4 is on the horizon in the UK

Organisations will want to act early to confirm qualification, map group structures and engage the right expertise
Financial Services

Side letters: how UK emerging fund managers can avoid giving away their fund

Most favoured nations, co-investment rights and personalised reporting are common terms that can impact a fundraise