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Matching right meaning

What does Matching right mean?
Matching right describes, in UK and Irish public M&A, a contractual right allowing an original offeror to equal or better a competing offer within a specified period so that an existing commitment or recommendation continues. In shareholder irrevocable undertakings, institutional shareholders giving soft undertakings (release if any higher price) or semi-hard undertakings (release only if a competing offer meets a stated price/percentage over the original offer price) will often agree that, before release, the offeror may revise its terms to at least match the rival offer; if it does so in time, the undertaking does not lapse. Where the offeree company itself grants an offeror a right to match any competing bid announced during the offer period and undertakes to recommend the revised offer, this constitutes an offer-related arrangement and is generally prohibited by Rule 21.2 of the UK Takeover Code (subject to limited exceptions). A broadly similar approach is taken under the Irish Takeover Rules. Matching right is not defined in legislation or case law; it is a transactional expression used across England & Wales, Scotland, Northern Ireland and Ireland, with consistent usage in public takeovers. See PCP 2011/1 and PCP 2010/2 for background to Rule 21.2.
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NEWS
Originality in UK unregistered design right is 'intellectual creation': J Mac Safety Systems v Q Deck Safety Systems [2025] EWHC 2241 (Pat)—pleading, evidence and infringement under CDPA s 213

J Mac Safety Systems Ltd v Q Deck Safety Systems Ltd [2025] EWHC 2241 (Pat) What are the practical implications of this case? Practitioners should frame pleadings and assemble proof on originality squarely around the ‘designer’s intellectual creation’ criterion. Pleadings and evidence should be tightly aligned with that yardstick. Infringement, viewed in the same way, turns on whether that intellectual creation has been taken; it is the taking of the creative contribution that renders a product infringing. Copying purely commonplace or trite elements will rarely breach a design right. That does not mean uninventive aspects are irrelevant. Originality can lie in the constellation of features. And, even where originality resides elsewhere, matching unoriginal elements sitting beside original ones can bolster an inference that copying occurred. Practitioners must also consider how to meet the intellectual creation standard where the claimant cannot reach the designer. The factual foundation for intellectual creation may have to be established inferentially from other matters the claimant can prove first-hand and directly attest. This difficulty may...

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NEWS
Right to work checks extended beyond employees: UK employers’ obligations for contractors, subcontractors and gig/platform workers under BSAIA 2025 s 48, and practical impacts across construction, retail and logistics

How will the right to work regime be extended? Under the present right to work regime, employers are obliged to carry out checks on every employee to avoid civil penalties where someone is discovered to be working unlawfully. These penalties can reach £45,000 for a first breach, rising to £60,000 for subsequent breaches. If an employer knows, or has reasonable grounds to suspect, they are employing an illegal worker, further criminal exposure may arise, potentially extending to officers and directors. For sponsor licence holders, the Home Office expects right to work checks to be completed for all workers, contractors and self-employed individuals as part of meeting sponsor obligations. BSAIA 2025, s 48 broadens this obligation so it applies to every employer, whether or not they hold a sponsor licence, and it encompasses: workers who are not employees self-employed contractors people engaged through a fee-charging online job-matching platform linking service providers with clients and customers The distinction between employees, workers and self-employed...

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PRACTICE NOTES
UK direct marketing compliance under UK GDPR and PECR: postal, telephone and electronic mail, consent and soft opt-in, TPS/CTPS/MPS screening, suppression lists, profiling and record-keeping

This Practice Note This Practice Note offers practical advice on direct marketing, with an emphasis on meeting the requirements of the United Kingdom General Data Protection Regulation (UK GDPR) and the Privacy and Electronic Communications (EC Directive) Regulations 2003 (PECR 2003). It addresses telephone and postal marketing, email activity, and other forms of electronic mail marketing. It also clarifies when checks against the Mailing Preference Service (MPS) or the Telephone Preference Service (TPS) are necessary. Drawing on ICO direction, it considers service messages, refer-a-friend promotions, regulatory communications, market research (including ‘sugging’—selling under the guise of research), tracking pixels, marketing databases, suppression lists and preference centres. The core difficulty with direct marketing is working out how the UK GDPR and PECR 2003 interlock; what you may do depends on your chosen tactics and the audience you are targeting. For a quick guide to whether consent is needed, see: Direct marketing decision tree—email and other electronic mail marketing—data protection Direct marketing decision tree—live telephone calls—data protection...

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PRACTICE NOTES
End-to-End Recruitment, Selection and Induction for In-house Legal Teams

Agreeing the profile If a role becomes vacant because of a departure, consider whether to recruit with identical, lower, or greater experience. Also assess if a strong unqualified support hire might add more value, freeing qualified staff from tasks the support person can handle. Ensure the package parameters are sensible. Many human resources teams default to a lower-range salary, which can effectively screen out the best people. Bypass a wasted effort stage by matching the package to the profile so you can attract the right candidates. Be clear that the package parameters genuinely reflect the role profile, not a default setting that deters suitable applicants. Ensure this alignment from the outset to avoid needless effort and secure interest from those you truly want. Choosing who will be involved in the selection process Decide what part each of the following should play, and at which point: recruitment agency human resources manager person to whom head of legal reports head of legal ...

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PRACTICE NOTES
UK Share Incentive Plans (SIPs): assessing suitability, key tax and design issues for listed/unlisted companies and overseas groups, with employee risks, EMI comparison, dividends and NICs/Apprenticeship Levy considerations

Are SIPs always appropriate? Because a share incentive plan (SIP) can deliver several kinds of award, it can suit a wide range of businesses and circumstances. Certain employers simply wish to allow staff to buy shares through the plan, whereas others aim to recognise performance by allocating free shares to employees. Another approach is to motivate take‑up by offering matching shares tied to the quantity employees acquire, linked to the number of shares purchased by each participant. Consequently, where an organisation is looking to broaden employee share ownership across its workforce, a SIP can be a sensible route, not least in light of possible tax benefits available under the plan. That said, the regime has tight rules and requires ongoing administration, so a SIP will not be the right fit for every business or situation...

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