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In this issue: The Pensions Regulator Funding, surplus and investment Members and benefits Daily and weekly news alerts Dates for your diary Trackers The Pensions Regulator TPR enhances oversight of the largest DC schemes to improve member outcomes The Pensions Regulator (TPR) has unveiled enhancements to its supervision of master trusts and defined contribution (DC) schemes after a 12‑month review. The redesigned model groups schemes into four supervisory segments with bespoke engagement to spot risks sooner and lift saver outcomes. These cover monoline, commercial and non‑commercial master trusts; collective DC schemes; and single plus connected employer DC schemes. TPR’s priorities are securing value for money for all savers and setting clear expectations on investments, data quality and at‑retirement innovation. Larger schemes will be supported by dedicated multi‑disciplinary teams to enable more targeted, expert‑level interactions. The change marks a tilt towards a more prudential regulatory stance, addressing scheme‑specific and market‑wide risks across the UK pensions landscape. TPR said...
In this issue: Budget 2025 Equity capital markets Economic crime and corporate transparency Corporate governance Directors General meetings Members Private M&A Daily and weekly news alerts New and updated content Dates for your diary Trackers Useful information Budget 2025 Budget 2025—Tax analysis Tax analysis: An overview of the principal business tax measures unveiled in the Budget on 26 November 2025. Expert commentary is provided by Addleshaw Goddard, Akin Gump Strauss Hauer & Feld, A&O Shearman, Andersen, Ashurst, Blick Rothenberg, Boodle Hatfield, Bryan Cave Leighton Paisner, Burges Salmon, CMS Cameron McKenna Nabarro Olswang, Eversheds Sutherland, Fieldfisher, Lawrence Stephens, Macfarlanes, Pinsent Masons, Proskauer, Shoosmiths, Stephenson Harwood, Temple Tax Chambers and Travers Smith. See News Analysis: Budget 2025—Tax analysis Budget 2025—UK Listing Relief from stamp duty In the 26 November 2025 Budget, the Chancellor of the Exchequer, the Rt Hon Rachel Reeves MP, set out steps to draw more companies to...
Background Old Truman Brewery Ltd, the second respondent, sought planning permission to redevelop a former brewery in Spitalfields. The proposal was placed before the London Borough of Tower Hamlets Council’s Development Committee (the “Committee”) at its meeting on 27 April 2021, attended by five members. On that date, the Committee voted unanimously to defer deciding the application. The matter returned to the Committee on 14 September 2021. By then, the Committee’s composition had changed from that of the 27 April 2021 meeting. The Council’s standing orders stated that, where a planning application is deferred and reconsidered at a later meeting, only Members who were present previously may vote on it. Consistent with that rule, it was announced at the start of the 14 September 2021 meeting that only councillors who had attended on 27 April 2021 were entitled to vote on the application. The Committee resolved to grant planning permission by a majority of two to one...
ARCHIVED This archived Practice Note is not maintained and is provided solely for background purposes. Please note that some links may no longer point to the provisions as they stood when this guidance was issued and originally published. For details of earlier and later amendments to the CPR, see: CPR updates—overview and Procedure Rule Committee minutes—overview. Agenda and minutes The draft agenda for the CPR Committee (CPRC) open meeting on 11 May 2018 is available here: The agreed minutes can also be found here: The meeting was presided over by Mr Justice Coulson, while Sir Terence Etherton delivered the opening remarks, expressly noting the breadth of the CPRC’s work and the considerable success of its open meetings (which have been held since June 2006). Membership (Agenda item 3) It was noted that: District Judge Lethem will continue to serve a further term on the CPRC a new barrister member will be appointed to replace Mr Johnathan Klein Ms Kate Wellington,...
This Practice Note gives an overview of the European company, Societas Europaea, or ‘SE’. It outlines how SEs are set up and run, their head office, share capital and shareholders, arrangements for employee participation, and the mechanism for shifting a head office from one Member State to another. What is a European company? A European company, also called a Societas Europaea (SE), is a corporate body that can be created within the EU. Once entered on the register in the Member State where its principal office sits, an SE enjoys recognition across Europe and holds its own separate legal personality. What is a head office? ‘Head office’ is not defined in EU legislation. The meaning of ‘head office’ was examined in the setting of Regulation (EC) 1346/2000 on insolvency proceedings (now no longer in force) in the Opinion of Advocate General Jacobs delivered on 27 September 2005 in Case C‑341/04, Eurofood IFSC (paragraphs 106–126 and 152(3)). An SE is a public limited liability company regulated...
This archived Practice Note set out the headline legal developments anticipated to affect the corporate governance landscape in 2021. It has not been updated since 2021. You are welcome to propose matters for inclusion in our horizon scanner at: KnowhowLawyersCorporate@lexisnexis.co.uk. For a wider survey of developments expected to impact corporate practitioners in 2021 and beyond, see Practice Note: Corporate horizon scanning—2021 and beyond. Mini–index January 2021 February 2021 March 2021 November 2021 No specific date in 2021 2022 and beyond January 2021 27 January 2021 — Closing date for submissions to the Task Force on Climate-related Financial Disclosures (TCFD) consultation on forward-looking financial sector metrics to be reported by institutions. The TCFD seeks views on its 29 October 2020 consultation regarding forward-looking metrics for the financial sector, questioning the ‘usefulness and challenges’ of climate-related metrics and the steps needed to improve ‘comparability, transparency, and rigour’. Stakeholders are invited to respond via the TCFD website. See...
Part 1, interpretation and limitation of liability Unless the context requires otherwise, these articles use terms defined in the Companies Act 2006 (and any amending or subordinate legislation) and within these articles. Defined terms include: address; articles; bankruptcy (including similar overseas procedures); chair and chair of the meeting (articles 13 and 30); Companies Acts; director (including anyone acting as such); document (including electronic); electronic form/means and hard copy form; instrument; member; ordinary and special resolutions; eligible director; participate; proxy notice; relevant officer (non‑auditor officers of the company or any group undertaking, present or former); subsidiary; and writing (any visible representation, including electronic) The model articles are excluded. Unless otherwise stated, statutory expressions bear the meaning they had when these articles became binding. References to legislation include any modification, re‑enactment or replacement. Singular includes plural and vice versa; masculine includes feminine and neuter; persons include corporations Each member’s liability is limited to £1, payable on a winding up while a member or within one year of ceasing, towards:...
This llp Agreement is dated [ insert date and month ] 20[ insert year ] Parties The persons identified in Part A of Schedule 1 ( Initial Members ); and [ insert name ] LLP, a limited liability partnership (registration number OC [ insert number ]), whose registered office is at [ insert address ] ( LLP ). background [ The LLP was formed under the Act on [ insert date ]. OR The Initial Members plan to incorporate the LLP under the Act on, or immediately following, the date of this agreement. ] The Initial Members enter into this agreement to define the LLP’s internal arrangements and to set out their respective rights, obligations and duties in relation to the LLP...
This limited partnership Agreement is entered into on [ insert day and month ] 20[ insert year ] Parties [ insert name of general partner ] of [ insert address ] (the General Partner); and Each of the persons named in Schedule 1, Part B. BACKGROUND The Limited Partnership is registered as a limited partnership and designated as a private fund limited partnership in England under the LPA 1907 with number LP [ insert number ]. The General Partner has agreed to act as the general partner of the Limited Partnership and to manage the business of the Limited Partnership, and the Limited Partners have agreed to make Contributions to the Limited Partnership on the terms set out below. The General Partner and the Limited Partners intend that the Limited Partnership will carry on the Business and agree to regulate the affairs of the Limited Partnership on the terms set out below. ...