Functions meaning

To gauge concentration within a particular market, competition authorities often turn to the Herfindahl‑Hirschman Index (HHI) as a primary tool that supports and streamlines their assessment. Although the absolute HHI level provides an early signal of post‑merger competitive pressure, the movement in the HHI (the ‘delta’) functions as a practical proxy for the change in concentration directly attributable to the merger itself and its immediate effects. How to calculate the HHI The HHI is obtained by adding the squares of the individual market shares of all firms participating in the market, without omitting any active competitor...

Judicial review Judicial review is the process through which the courts exercise a supervisory jurisdiction over the performance of public functions by public bodies...

This Checklist sets out essential steps for arbitrators to consider when deploying artificial intelligence (‘AI’) tools, or where AI is involved in arbitral proceedings. Given the fast‑moving nature of the technology and the applicable laws and regulations, please be aware that this is not a comprehensive list and should be treated as such. The Checklist is intended to provide guidance on best practice. Understanding AI Key points Notes Definition of AI Artificial intelligence refers to computer systems’ capacity to exhibit human‑like cognitive functions, such as decision‑making, planning, reasoning and knowledge representation. IBM characterises AI as technology that allows computers and machines to emulate human learning, understanding, problem‑solving, decision‑making, creativity and autonomy. WIPO portrays AI as a branch of computer science focused on building machines and systems capable of performing tasks thought to require human intelligence. Machine learning and deep learning are two branches within AI. In recent years, with advances in neural network methods and hardware, AI is commonly regarded as...

In this issue: Air emissions and climate change Energy for environmental lawyers Environmental disputes and proceedings Environmental permits and consents Environmental taxes, reliefs and incentives ESG and sustainability Hazardous substances and chemicals Marine Nature, biodiversity and habitat conservation Waste Waste producer responsibility regimes Water, flooding and drainage Daily and weekly news alerts New and updated content Air emissions and climate change DESNZ releases quarterly waste data reporting template for the UK ETS. The Department for Energy Security and Net Zero (DESNZ) has issued a template for quarterly waste data submissions under the UK Emissions Trading Scheme (UK ETS). It is designed for waste operators to use when sending quarterly data reports to their regulator during the voluntary monitoring, reporting and verification (MRV) period. See: LNB News 19/02/2026 50. AFME responds to European Commission consultation on climate resilience legislative framework. The Association for Financial Markets in Europe (AFME) has provided...

In this issue Company, disclosures, records and registers Equity capital markets Share purchase agreement Restructuring and insolvency for corporate lawyers Daily and weekly news alerts New and updated content Dates for your diary Trackers Useful information Company, disclosures, records and registers Companies House publishes guidance on ACSPs and identity verification standards Companies House has issued three pieces of guidance covering the registration of Authorised Corporate Service Providers (ACSPs), what ACSPs do, and the identity verification obligations. The first note explains how to use Companies House’s service to enrol as an ACSP (also referred to as a Companies House authorised agent). Applications open on 25 February 2025. The second clarifies the functions and responsibilities of an ACSP. The third sets out how to meet Companies House identity verification standards when confirming someone’s identity. From 25 March 2025, ACSPs will be able to notify Companies House of identity checks that have been completed. Further, from spring...

In this issue: Advertising, marketing and sponsorship Consumer protection Contracts Intellectual property International Sale and supply of goods Supplier management Daily and weekly news alerts New and updated content Dates for your diary Trackers Advertising, marketing and sponsorship ASA rulings—17 January 2024 The Driver Vehicle Standards Agency (DVSA) lodged a complaint with the Advertising Standards Authority (ASA) about statements on www.escooters4less.co.uk—an online seller of electric scooters—concerning e-scooters and their illegality. The ASA upheld the complaint. See: LNB News 17/01/2024 63... ASA to regulate online advertising of less healthy food and drink products Ofcom has designated the Advertising Standards Authority (ASA) to regulate online advertising of less healthy food and drink products, using its designation powers under the Communications Act 2003. Ofcom is satisfied that, among other considerations, the ASA is a fit and proper body, has adequate financial resources to ensure the effective performance of the Designated Functions, and will...

The extended producer responsibility (EPR) regime for packaging and packaging waste The extended producer responsibility (EPR) regime for packaging and packaging waste shifts the entire cost of managing household packaging waste from households to packaging producers, placing on them accountability for their packaging costs throughout its lifecycle. Lower charges apply to sustainable packaging, incentivising designs that use fewer materials and are easier to recycle. Under EPR, Local Authorities (LAs) receive producer-funded payments covering the net costs of collecting, managing, recycling and disposing of this household packaging waste. EPR is governed by the Producer Responsibility Obligations (Packaging and Packaging Waste) Regulations 2024, SI 2024/1332 (as amended). These regulations define a range of persons and bodies with specific functions within the regime. These are: producers—these are the principal duty holders compliance schemes the Scheme Administrator (SA) (PackUK) ‘relevant authorities’ which are LAs as household waste collection and disposal authorities responsible for household waste services reprocessors and exporters the ‘appropriate agency’—in England, the Environment...

The public sector equality duty (PSED) Set out in Part 11 of the Equality Act 2010 (ss 149–159), the public sector equality duty (PSED) comprises a general equality duty applying UK-wide to public bodies listed in Schedule 19 of the EqA 2010, alongside specific duties intended to support delivery of the general duty and enhance transparency. Although the general duty is identical across England, Wales and Scotland, the specific duties made under EqA 2010, s 153 vary. In Wales, listed public bodies must meet particular specific duties that sit alongside the UK-wide general duty. These specific duties bind listed Welsh bodies only. They do not extend to non-devolved public authorities operating in Wales. Under EqA 2010, s 149, the general duty requires public authorities and those exercising public functions to have 'due regard' to the need to: eliminate discrimination, harassment, victimisation, and any other behaviour prohibited by or under the EqA 2010 advance equality of opportunity between people who share a relevant protected characteristic and...

Oil & Gas—UKCS licensing regime Regulatory body Up to 2016, oversight of the UK’s oil and gas resources chiefly sat with the Department of Energy and Climate Change (DECC), acting for the Secretary of State. Following Sir Ian Wood’s review of UK Continental Shelf (UKCS) oil and gas recovery (the Wood Review), government created an independent regulator—now the North Sea Transition Authority (NSTA)—to assume DECC’s licensing and regulatory duties in respect of all oil and gas exploration and production activities on the UKCS. This restructuring transferred responsibility for those matters from DECC to the new body. Until 21 March 2022 the NSTA operated under the name Oil and Gas Authority (OGA), which remains the company’s formal legal name and continues to appear in some legislation. The NSTA began taking on these roles from DECC on 1 April 2015, at first as an executive agency within DECC. The Energy Act 2016 subsequently established the NSTA as a fully independent regulator, constituted as an independent Government company, and amended the...

Precedent presentation on environmental, social and governance (ESG) issues Crafted as a training resource for employers and their HR teams, this Precedent presentation covers the essentials of ESG, why it is significant, and ways to identify the organisation’s most important issues. It explains HR’s role within the ESG agenda, highlights the importance of collaboration across functions, and sets out practical steps for building an ESG programme alongside a corresponding action plan for the organisation as a whole...

[ Insert in para 8.2 of claim form ET1: ] I serve as a [ magistrate ] and, to discharge my responsibilities, require [ 20 ] days away from work each year. From [ insert date ], the Respondent has permitted only [ 15 ] days’ absence to carry out these functions [ plus an additional [ 5 ] days relating to my role as a governor of a maintained school ]. On [ insert date ] I requested further leave on [ insert date ] to undertake my magistracy, yet the Respondent declined the request without reasonable grounds. Those extra absences would not have detrimentally impacted the Respondent’s business operations. My claim is for: a declaration that my claim is well-founded; compensation. ...

1.1 The Company considers that job-sharing, alongside the appropriate use of part-time roles, brings advantages to both: 1.1.1 individual employees who, owing to family responsibilities, further education, other interests, or other reasons, prefer not to work full time; and 1.1.2 the business, through preserving and retaining skills and experience that might otherwise be lost to the Company. 1.2 Job-sharing is distinct from part-time work. A part-time role is a complete job carried out for fewer hours each week than a full-time post. Job-sharing involves two people sharing one full-time job. All functions are split and allocated between two employees. Each person holds the same breadth of duties as the full-time position, but performs them at different times from their job-share partner. Accordingly, job-sharing is fundamentally a partnership or collaboration between the two people sharing the role, and it can succeed only when they work well together. 1.3 Job-sharing can be introduced in three ways. First, the Company...

The powers of a parish council Our research has focused on authority to take decisions. Nonetheless, particular issues arise for a public authority deploying ANPR cameras, and these must be weighed, alongside the public procurement ramifications of any contractual arrangement. A parish council is limited to acts expressly or implicitly permitted by statute or by subordinate legislation. More broadly, local authorities are generally empowered by statute to do anything calculated to facilitate, or conducive or incidental to, the carrying out of their functions, as set out in section 111 of the Local Government Act 1972 (LGA 1972). These limits and enabling powers frame any such decision-making process...

Can the administrator sublet the property to the purchaser? An administrator may do whatever is necessary or expedient to manage the company’s affairs, business and property (paragraph 59(1) of Schedule B1 to the Insolvency Act 1986 (IA 1986)), which also encompasses the powers set out in IA 1986, Sch 1. In respect of subletting, IA 1986, Sch 1, para 17 confirms that an administrator has the power to grant or accept the surrender of a lease or tenancy of any company property, and to take a lease or tenancy of any property required or convenient for the company’s business. For further detail, see Practice Note: Roles, powers, functions and duties of an administrator, particularly the section ‘The administrator’s powers’...

GDPR The General Data Protection Regulation (GDPR), Regulation (EU) 2016/679, sets out a framework that protects individuals in respect of the processing of personal data, whilst at the same time promoting the free movement of that data. The Data Protection Act 2018 incorporates the GDPR into the law of England and Wales. Accordingly, it applies to the handling of data within insolvency proceedings in this jurisdiction. For comprehensive information and an overview of the GDPR regime, see: UK data protection law collection. GDPR and Insolvency Proceedings As noted in the question, section 312(2)(b) of the Insolvency Act 1986 (IA 1986) imposes a duty on the prior trustee in bankruptcy to deliver property and records to the new trustee in bankruptcy. It is important to recognise that this obligation has serious consequences, and a failure to comply amounts to contempt of court...