Coverage meaning

Forms of protection Trustees may limit personal liability through the following forms of protection: exoneration clauses indemnity clauses insurance statute Exoneration clauses When effective and applicable, an exoneration clause relieves a trustee from personal liability for acts or omissions that fall within its scope and wording. Trustees should seek the broadest possible drafting of any exoneration clause to maximise coverage. Exoneration clauses are interpreted strictly and read narrowly. The onus rests with trustees to demonstrate that the particular act or omission is encompassed by the clause...

NOTE: This archived timetable outlines the usual sequence for a merger under The Companies (Cross-Border Mergers) Regulations 2007, SI 2007/297, before those regulations were revoked at the end of the Brexit implementation period... Background The European framework governing combinations between companies in different EEA member states stems from Directive 2005/56/EC, the Directive on Cross-Border Mergers of Limited Liability Companies (Directive). The UK gave effect to the Directive through The Companies (Cross-Border Mergers) Regulations 2007, SI 2007/2974, as subsequently amended by SI 2008/583, SI 2011/1606 and SI 2015/180 (together, the Cross-Border Mergers Regulations). Beyond setting out a merger mechanism, the Cross-Border Merger Regulations also regulate employee participation arrangements (see Employee participation arrangements below). The City Code on Takeovers and Mergers (Code) applies in the usual manner and on the normal basis where at least one party to the merger falls within the Code’s scope. The Takeover Panel (Panel) has issued a practice statement offering practical guidance on how the Code operates in cross-border merger scenarios. For more detailed information,...

ARCHIVED : This Checklist has been archived and is not maintained . STOP PRESS: From 1 November 2024, the UK’s new securitisation framework took effect, annulling and supplanting the onshored EU legislative regime. Although the UK rules broadly preserve the substance of the prior onshored EU approach, they part company in several notable respects, including scope, risk retention, transparency, due diligence and STS designation. For a side-by-side of the STS criteria under both frameworks, see Practice Note: UK and EU securitisation regimes—comparison. On 17 June 2025, the European Commission issued its long-anticipated review of the EU Securitisation Framework, together with an extensive legislative package proposing amendments to the EU Securitisation Regulation (Regulation (EU) 2017/2402), the EU Capital Requirements Regulation (Regulation (EU) No 575/2013), the EU Solvency II Delegated Regulation (Commission Delegated Regulation (EU) 2015/35) and the EU Liquidity Coverage Requirement Delegated Regulation (Commission Delegated Regulation (EU) 2015/61). Proposed changes to the EU Securitisation Regulation cover, among other matters, risk retention, due diligence, transparency, STS on-balance sheet securitisations and...

In this issue: Sustainable finance and ESG weekly round-up Moveable Transactions (Scotland) Act 2023 Football Governance Bill LIBOR and benchmarks Sustainable finance Debt capital markets Derivatives Regulation for derivatives lawyers Technology in banking & finance transactions Structured products and securitisation Regulation for banking lawyers Banking & Finance Highlights 2024/2025 Daily and weekly news alerts New and updated content Useful information Sustainable finance and ESG weekly round-up For this week’s coverage of Sustainable finance and ESG developments, please see: Sustainable finance and ESG weekly round–up—19 December 2024. Moveable Transactions (Scotland) Act 2023 Moveable Transactions (Scotland) Act 2023 (Commencement) Regulations 2024 SSI 2024/378: From 1 April 2025, the outstanding provisions of the Moveable Transactions (Scotland) Act 2023 (the Act) will come into effect. See: LNB News 17/12/2024 9. Moveable Transactions (Forms) (Scotland) Regulations 2024 SSI 2024/379: These prescribe the forms to be used for the purposes set out...

UK companies face uncertainties in cybersecurity regulation UK businesses remain unsure about forthcoming cyber security rules as lawmakers step up pressure on the government to bring forward the Cyber Security and Resilience Bill as soon as possible, following attacks on high-profile British companies. A draft is anticipated in Parliament within the next few weeks, yet the schedule could shift due to the recent ministerial reshuffle. When challenged by opposition politicians on 9 September 2025 and 10 September 2025, Labour lawmakers speaking for the government declined to give a firm date, stating that new legislation would arrive “when parliamentary time allows”. The Bill is intended to refresh the UK’s cyber security framework to align with the NIS 2 Directive. A policy statement from April 2025 indicates it would bring further sectors and their suppliers into the scope of mandatory regulatory duties, tighten oversight, and raise incident-reporting requirements. In the House of Lords on 10 September 2025, Conservative lawmaker Chris Holmes pressed ministers to confirm when the Bill would be...

In this issue: Budgets and Finance Bills Court of Protection UK taxes for Private Client HMRC Manuals updates Tax avoidance, evasion and non-compliance Pensions, insurance and tax efficient investments International Question of the week Additional Private Client updates this week Daily and weekly news alerts LexTalk®Private Client: a Lexis+® community New and updated content Dates for your diary Trackers Latest Q&A Useful information Budgets and Finance Bills Autumn Budget 2024 The Chancellor of the Exchequer, Rachel Reeves, presented the government’s Autumn Budget on Wednesday, 30 October 2024. For analysis of the consultations and statements pertinent to Private Client practitioners, see News Analyses: Autumn Budget 2024—Private Client analysis and Video analysis—Autumn Budget 2024: initial reaction from Harriet Brown, barrister at Old Square Tax Chambers. For coverage of the corporate tax themes, see News Analyses: Autumn Budget 2024—Tax analysis and Video analysis—Autumn Budget 2024: initial reaction from John Endacott,...

This new starter guide introduces copyright law and signposts further Lexis+® UK materials offering fuller coverage. It is for trainee solicitors and anyone new to copyright. Information on other intellectual property (IP) rights, including additional starter guides, appears in Practice Note: Intellectual property (IP)—new starter guide. Where topics fall outside this guide, consult the two Copyright subtopics: Copyright & associated rights transactions and management Copyright disputes For summaries of these areas, see: Copyright & associated rights—overview and Copyright disputes—overview. The guide also explains how to subscribe to the IP daily and weekly news alerts and how to contact the LexisAsk team. Introductory materials For an introduction to copyright law, see Practice Notes: Copyright—subsistence and qualification Copyright—protectable works Copyright—authorship and ownership Duration of copyright Copyright infringement Copyright—secondary infringement Copyright—permitted acts and defences Protecting copyright—training materials Protecting copyright—training materials comprise template PowerPoint slides that can serve as the basis for...

For comprehensive coverage of the substantive right to take shared parental leave, refer to Practice Notes: Shared parental leave (birth) and Shared parental leave (adoption). This Practice Note outlines the circumstances in which employees may carry out work while on shared parental leave. For details on the ability to work during maternity and adoption leave, see Practice Note: Work during maternity or adoption leave—keeping in touch days. Shared parental leave keeping in touch days (SPLIT days) Employees can undertake up to 20 days of work ('shared parental leave in touch days' or 'SPLIT days') during any periods of shared parental leave that they take, without such work ending their shared parental leave, or any entitlement to shared parental pay...

FORTHCOMING CHANGE relating to the modernisation of stamp taxes on shares framework: In 2027, stamp duty and SDRT are set to give way to a unified, self-assessed levy on securities—the securities transfer charge (STC)—to be paid and reported through a new digital portal. In broad terms, the STC’s design will align with the proposals for that tax set out in the 2023 consultation. Finance Bill 2026 (FB 2026) creates a power, commencing on Royal Assent, for secondary legislation that will enable taxpayers to pilot the digital service by self-assessing their stamp taxes on securities obligations and submitting transactions electronically via the service. This will allow reporting and payment to be handled online as part of the modernisation of stamp taxes on shares. For detailed coverage of the modernisation of stamp taxes on securities, see: News Analyses: Budget 2025—Tax analysis—Stamp and transfer taxes Tax update spring 2025—Stamp taxes on shares modernisation Tax update spring 2025—Tax analysis—Stamp and transfer taxes TAMD 2023—Stamp taxes on...

1 Definitions 1.1 In this Agreement: Licence Fees: means the fees set out in [ insert relevant schedule or clause ] [ together with any other amounts payable under this Agreement ]. Software: comprises the Supplier Software and the Third Party Software. Specification: denotes the written description of the Software set out in [ insert cross reference to schedule or appendix containing the description of the software ]. Supplier Software: means the Supplier’s proprietary software identified in paragraph [ insert reference ] of [ insert reference to schedule or appendix containing description of the software ] [ including any Updates or Upgrades provided by the Supplier under this Agreement [ or any Support Agreement ] ]. Third Party Software: comprises the third party software identified as such in paragraph [ insert reference ] of [ insert reference to schedule or appendix containing a description of the third party software components ] together with any other software programme that is not Supplier Software...

Learning and development (L&D) plan Coverage period: [ Insert period ] 1 Responsibility Accountability for this L&D plan rests with: [ Insert the name of the individual accountable for this plan, e.g. head of L&D/head of HR/training partner/other ] 2 Business objectives What are the firm’s business objectives? [ Insert business objective(s) drawn from the business plan, e.g. to attain net profit of 30% of turnover within the year ] In what ways can L&D enable the firm to realise its business goals?...

1 Document scope This plan pertains to: ☐ Whole firm ☐ Department / Practice area [ Provide details ] ☐ Sector [ Provide details ] ☐ Office / Region [ Provide details ] Coverage period: ☐ Next 12 months ☐ 2–3 years ☐ 3–5 years Document owner: [ Insert name and role ] Agreement date: [ Insert date ] 2 Our business development in context Scale and structure: [ Provide details, eg small / mid / large firm, departmental or sector led etc ] Primary source of work today: ☐ Existing clients ☐ Referrers / intermediaries ☐ New client acquisition ☐ Mixed Main constraints on growth: [ Provide details, eg visibility, relationships, capacity, skills, systems etc ] 3 Unifying theme The central idea underpinning our strategy is [ insert details, eg ‘Trusted advisers to growing businesses’ ]. This will direct our...