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This checklist is intended to guide you if you need to close your firm. Read it alongside subtopic: Firm closure plan, particularly Practice Note: Firm closure plan-key considerations. Plan and dates ☐ Create a firm closure plan (see Precedent: Firm closure plan). Recommended to show you can carry out an orderly wind-down of your activities, as required by the SRA-SRA Code for Firms, para 2.4. (Insert any comments you may wish to make regarding your firm’s arrangements) ☐ Allocate responsibility for the plan. Recommended. (Insert any comments you may wish to make regarding your firm’s arrangements) ☐ Set a closure date. Recommended. (Insert any comments you may wish to make regarding your firm’s arrangements) Notifications ☐ Send a completed Firm Closure Notification form to the SRA. Compulsory-SRA Code for Firms, para 2.5. (Insert any comments you may wish to make regarding your firm’s arrangements) ☐ Notify staff. Recommended. (Insert any comments you may wish to make regarding...
In a private equity-backed management or leveraged buyout, the principal documents fall into three main groups: Acquisition documents — these set the terms of the purchase between the seller and the buyer (ie newco) Equity documents — these set the terms of the equity investment and govern the relationship between the investor/s and management Finance documents — these cover the provision of the debt facilities and any related facilities (for example, a revolving credit facility for working capital) Acquisition documents Heads of terms (acquisition) The heads of terms, kept to a short form, provide a high-level summary of the parties’ expectations, shared understanding and agreement on the key terms of the intended acquisition. They are signed at the outset of the deal once the parties have aligned on the principal points and before the investor incurs costs on due diligence and the negotiation of the transaction documents...
A landlord’s development programme can impact occupants, whether within the premises or on adjacent land. This checklist outlines suggested steps a landlord might take before and during development works, to help minimise potential claims by tenants arising from disruption. What should the landlord do before development starts? The landlord should carefully gauge the potential for dispute by: obtaining a thorough grasp of the planned works programme, covering the physical extent of the works, the site facilities contractors will require, the anticipated timeframe for the project, and the likelihood of noise and dust reviewing the occupational leases in detail: whether the works intrude upon any demised premises. See Practice Notes: Airspace development—guidance for landlords and developers, and Alterations outside the demise—Definition of demised premises if any easements cannot be preserved throughout the course of the development whether any easements and/or rights can be lawfully varied whether an alternative entrance and exit route is available if...
Mergers CMA issues interim report in Aramark/Entier merger in phase 2 investigation; provisionally finds competition concerns The CMA has published its interim report and interim report notice on the completed purchase by Aramark Limited (Aramark) of Entier Limited (Entier). Aramark is an international food and facilities management services supplier, based in Philadelphia, Pennsylvania, USA, and is listed on the New York Stock Exchange. Entier is a British catering firm with its head office in Westhill, Aberdeenshire. Aramark and Entier both deliver catering services to customers across the UK. They overlap in the provision of offshore catering and related facilities management services (OCS) to clients, including for assets located on the UK Continental Shelf (UKCS)...
In this issue: Key developments and horizon scanning Transferring property Leasing property Property management Residential property Environment, energy and buildings Easements, rights and covenants Property development Property taxes Property in Wales Property in Scotland LexTalk®Property: a Lexis®Nexis community Additional property updates this week Daily and weekly news alerts New and updated content Trackers New Q&As Key developments and horizon scanning BPF and Law Commission comment on draft Commonhold and Leasehold Reform Bill The British Property Federation (BPF) has issued its views on the draft Commonhold and Leasehold Reform Bill, warning that proposed caps on ground rents could undermine investments held by pension funds and institutional investors. It said investors who acted in good faith to meet pension liabilities should be compensated, and noted that government announcements do not address this point. While it supports parts of the commonhold package, including adjustments to funding for major works,...
In this issue: Key developments Air emissions and climate change Energy for environmental lawyers Environmental enforcement and prosecutions Environmental taxes, reliefs and incentives ESG and sustainability Hazardous substances and chemicals Nature, biodiversity and habitat conservation Waste Water, flooding and drainage Daily and weekly news alerts New and updated content Key developments Defra publishes response to OEP report on England environmental improvement plan progress Defra has issued a policy paper replying to the Office for Environmental Protection’s January 2025 progress review, ‘Progress in improving the natural environment in England 2023 to 2024’. That OEP report evaluated how far the government has advanced towards Environmental Improvement Plan (EIP) targets set under the Environment Act 2021 (EA 2021). See: LNB News 22/10/2025 36. Air emissions and climate change GAD initiates Cross-Government Climate Ready Estates Network The Government Actuary’s Department (GAD) has launched the Cross-Government Climate Ready Estates Network (CCREN) to tackle...
What is an intrusive site investigation? An intrusive (phase 2) site investigation involves geotechnical and geo-environmental specialists collecting detailed and reliable information on a site’s physical and chemical ground conditions. These findings are then applied to: the design of earthworks and foundations, and determining whether contamination is present The UK follows a risk-based framework for the identification, assessment and management of contaminated land, based on the idea of a contaminant linkage (once called a pollutant linkage), ie contaminant-pathway-receptor. For further information, see Practice Note: Contaminated land—risk assessment. Site characterisation is generally carried out in a clear staged manner: screening phase: an initial investigation consisting of a desk study phase 1: a site walkover and qualitative risk assessment phase 2: intrusive site investigations involving the analysis of soil, groundwater and/or gas samples and a quantitative risk assessment For further information on desktop studies and phase 1 assessments, see Practice Note: Environmental investigations—types of searches...
Waste from extractive operations (‘mining waste’) Mining waste encompasses materials that must be removed to gain access to mineral resources (but are not actually processed), for example topsoil, overburden and waste rock, as well as tailings—the material left over after the process of extracting the valuable content from an ore. Some fractions are inert and unlikely to present a significant environmental threat; others, in particular those from the non‑ferrous metal mining industry, may contain hazardous substances, such as heavy metals. For more information see Practice Note: Waste types and controls—extractive waste/mining waste The regulation of mining waste in England and Wales is primarily through the Environmental Permitting (England and Wales) Regulations 2016 (EPR 2016), SI 2016/1154 (as variously amended), which is the main regulatory legislation governing the environmental permitting and compliance regime applying to a range of activities and industries. EPR 2016 came into force on 1 January 2017 and consolidated all of the amendments to the Environmental Permitting (England and Wales) Regulations 2010 (EPR 2010), SI 2010/675. EPR...
Trading activities test The enterprise management incentives (EMI) framework is tightly defined and imposes various conditions that must be satisfied when options are issued, covering: the company issuing the options the employees receiving the options the shares subject to the option, and the terms of the options themselves This Practice Note examines the statutory requirements for the trading activities test that a company must meet to award EMI options. It clarifies the meaning of a qualifying trade, drawing attention to pertinent HMRC guidance and practical considerations. For the EMI eligibility tests concerning a company’s independence, qualifying subsidiaries, gross assets and headcount, see Practice Note: EMIs—qualifying companies. For a decision flowchart on a company’s ability to grant EMI options, see: EMI scheme—flowchart to determine company’s eligibility. For a checklist assessing whether a company and its workforce qualify for EMI purposes, see: EMI options—checklist to determine whether a company and its employees qualify. For the remaining EMI qualifying criteria, refer to...
Course/presentation title [ Add details ] Course/presentation provider [ Add details ] Date of session [ Add date ] Online or in-person ☐ Online ☐ In-person at [ state venue ] Presenter/trainer [ Add details ] Length of session [ Add details ] Maximum number of delegates [ Add details ] Facilities required [ Add details ] Course materials required [ Add details ] Visual aids required [ Add details ] Who is this session aimed at? [ Add details ] What will be covered in this session? [ Add details ] Is this part of a series of courses? ☐ Yes—[ add details ] ☐ No Do delegates need to complete other sessions before this one? ☐ Yes—[ add details ] ☐ No What learning objectives...
This instrument bears the date [ insert day and month ] 20[ insert year ] and is in respect of the loan notes referred to below. Parties [ Insert name of issuing company ] incorporated in England and Wales under number [ insert company number ] whose registered office is at [ insert address ] ( Issuer ) background: The Issuer has resolved to create, in aggregate, up to an overall nominal maximum of £[ insert number ] [ insert rate ]% [ subordinated ] redeemable loan notes, the same to be constituted in accordance with, and as set out in, this document, and constituted accordingly...
1 Introduction This document provides a concise, high-level overview of office procedures. It does not cover all employment or health and safety policies. A complete set of policies is available [ Insert, eg on our intranet ]. 2 Office days and hours 2.1 Standard office days and hours are [ insert details of your office hours eg 09:00–17:30 Mondays to Fridays inclusive ]. 2.2 [ If you are a hybrid office worker, your office attendance should be recorded via the [ insert platform name, e.g. OfficeSpace/Outlook/HR Portal ] in accordance with the firm’s hybrid working policy. ] 3 Office closure over bank holidays/public holidays 3.1 There are typically six fixed bank holidays each year, and the office will be closed on those dates. As these dates change annually, please ensure you check when they occur in each calendar year. 3.2 Christmas Day and Boxing Day are recognised public holidays, and the office will be closed on these dates...