Formula offer meaning

In this issue: Public procurement Children's social care Education Licensing Social housing Local authority prosecutions Governance Local government finance Social care Environmental law and climate change Planning Daily and weekly news alerts New and updated content Public procurement CCS launches new procurement tools for electric vehicle infrastructure Crown Commercial Service (CCS) has rolled out a toolkit to help local authorities navigate procurement for electric vehicle infrastructure (EVI). Developed with the Department for Transport and other collaborators, the package includes configurable template documents for open-market procurement of on-street EVI services, together with draft terms and conditions. The materials are designed to reduce complexity, reflect government guidance and reinforce good practice. In addition, CCS has produced a distinct set of documents to cater for the upcoming Procurement Act 2023 regulations, which will apply from 24 February 2025, enabling compliance with the present and future regimes. See: LNB News 11/02/2025 17 and LNB...

In this issue: UK antitrust UK market studies Daily and weekly news alerts LexTalk®Competition: a Lexis®Nexis community New and updated content Caselex UK antitrust CMA closes investigation into Google’s distribution of Android apps ahead of DMCC Act 2024; also rejects Google’s proposed commitments The CMA has ended its probe into Google’s practices for distributing Android apps in the UK. The inquiry examined whether Google was exploiting a dominant position by obliging developers that sell in‑app digital content or services to use Google Play’s billing system exclusively. The authority closed the case on administrative priority grounds, indicating that the tools in the newly enacted Digital Markets, Competition and Consumers Act 2024 (DMCCA 2024) are better suited to assessing conduct of this sort. On the same day, the CMA also stated that it had rejected the commitments Google proposed to resolve these concerns. Google’s package would have permitted app developers to offer alternative payment options in place of Google...

In this issue: Public procurement Social housing Social care Education Children's social care Governance Healthcare Licensing Local authority prosecutions Environmental law and climate change Planning LexTalk®Local Government: a Lexis®Nexis community Daily and weekly news alerts New and updated content Public procurement Court of Appeal rules on duty to clarify tender submissions with bidders in UK public procurement (Working on Wellbeing Ltd trading as Optima Health v (1) Secretary State for Work and Pensions (2) Department for Work and Pension) In a notable ruling in Working on Wellbeing Ltd trading as Optima Health v (1) Secretary State for Work and Pensions (2) Department for Work and Pension [2025] EWCA Civ 127, the Court of Appeal allowed Optima Health’s appeal after its disqualification from a Department for Work and Pensions (DWP) procurement. The court set out when contracting authorities may request clarification from bidders, and when that discretion evolves into a...

Civil justice reform: Consult our Practice Note, Civil justice reform in Scotland—virtual hearings and electronic submission of documents, for advice on the present rules and procedures of the Scottish civil courts regarding remote hearings and the digital signing, sending and lodging of documents. The Practice Note also addresses the approach to making and/or answering a judicial tender in proceedings involving a single pursuer and a single defender in Scotland today...

A business might need to secure extra capital for a variety of purposes. It could, for example, be to finance a planned acquisition or to satisfy continuing financial commitments. There are several routes by which a company can obtain the extra funding required, including tapping existing shareholders through a rights issue, an open offer or a placing. When running a rights issue, open offer or placing, the company must carefully assess the effect on any current employee share plans it operates. This assessment should take place as early as possible in the decision-making process to determine whether, and if so what, steps can be taken so that employees are not put at an unfair disadvantage by a rights issue, open offer or placing. This Practice Note outlines the key points that typically arise in connection with employee share plans on a rights issue, open offer or placing, the steps that will usually need to be taken in relation to outstanding options and awards, and the relevant tax treatment. ...