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Corporate weekly: WFE Transition Equity Principles, section 994 unfair prejudice cases, FRS 101 amendments, and key regulatory consultations and dates (28 May 2026)

In this issue: Environmental, social and governance issues Members Financial reporting obligations Daily and weekly news alerts Dates for your diary Trackers Useful information Environmental, social and governance issues WFE’s draft Transition Equity Principles aim to support credible Net Zero transition pathways The World Federation of Exchanges (WFE), the industry association for exchanges and clearing houses, has issued industry-endorsed Transition Equity Principles spanning exchanges worldwide. The proposals are designed to expand capital access for businesses pursuing decarbonisation goals, while equipping investors with decision-useful disclosures on issuers’ transition plans. See: LNB News 26/05/2026 44. Members Isilay v AVP Capital A FCPI and others [2026] EWHC 1254 (Ch) The Chancery Division declined the Respondents’ bid to strike out or obtain summary judgment regarding the addition of the Sixth Respondent (Blue Cloud) and the contention that board observers acted as de facto...

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Companies House equality impact assessment: identity and Registrar verification pose accessibility risks but are proportionate and compliant with equality duties; implementation proceeds with ongoing monitoring

Companies House has published an equality impact assessment of its identity verification service and Registrar verification routes. The review explores how verification rules affect company directors, persons with significant control (PSCs), and other comparable officers......

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WFE publishes draft Transition Equity Principles to facilitate Net Zero transition finance and decision-useful issuer information across global exchanges and clearing houses; formal consultation to follow

The World Federation of Exchanges (WFE), representing the exchanges and clearing houses, has issued industry-endorsed Transition Equity Principles that apply to exchanges across all jurisdictions......

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UK corporate and capital markets weekly: QCA response to FCA CP26/5 (UK SRS), Jinxin v Auletta deceit claim, MAR disclosure delay, key consultations, deadlines and trackers—16 April 2026

In this issue: Environment, social and governance issues Due diligence and disclosure Daily and weekly news alerts New and updated content Dates for your diary Trackers Useful information Environment, social and governance issues Quoted Companies Alliance responds to FCA consultation CP26/5 The Quoted Companies Alliance (QCA) has filed its response to CP26/5, the Financial Conduct Authority’s consultation on the proposed UK Sustainability Reporting Standards (UK SRS). The initiative is designed to align listed companies’ sustainability disclosures with the International Sustainability Standards Board (ISSB) framework, with application anticipated from January 2027. While the QCA backs greater consistency and comparability in sustainability reporting, it cautions against regulatory creep. Although UK SRS one and two are intended for Main Market issuers, the QCA notes advisers and investors may treat them as a benchmark for AIM companies. It calls for...

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Ancillary documents (share purchase)—overview

Share purchase transaction collection


The Share purchase transaction collection serves as a roadmap for private company sale and purchase deals structured as a share acquisition. It sets out each stage of a share purchase and the legal tasks to be completed at every step. The collection links to resources and highlights the principal drafting and negotiation issues relevant to share purchase transactions. For guidance on that phase of a private M&A (share purchase) deal, see Practice Note: Drafting and negotiating ancillary documents in a share purchase transaction (from the Share purchase transaction collection).

  • Checklists
  • Precedents (with drafting notes)
  • Forms
  • Practice Notes
  • Explanations of key drafting and negotiating points

Ancillary documents


In addition to the share purchase agreement (including the tax covenant) and the disclosure letter (addressed in other sub-topics), various ‘ancillary’ documents may need to be prepared and negotiated prior to exchange, depending on the deal’s particular circumstances. Frequently, a senior corporate lawyer focuses on drafting and negotiating the share purchase agreement (and sometimes the disclosure letter), while a junior lawyer is tasked with producing the ancillary documents. This sub-topic provides precedent ancillary documents to...

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When evaluating a general damages claim, the practitioner ought initially to refer to the Judicial College Guidelines (JCG)...

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