Valuable security meaning

Achieving a meaningful induction Most organisations operate a regimented yet, to be candid, shallow onboarding for new hires. Largely, HR procedures dictate it, ticking off essential policy requirements — security, health and safety, and internal control frameworks. Beyond that, the general counsel (GC) ought to make sure you’re introduced to pivotal people across your team and the wider company in a considered, organised manner. Still, much of this serves more to alert colleagues that someone has arrived than to genuinely support the newcomer. In essence, the process often prioritises protocol and optics over substance and genuine support for the new hire initially. The task, therefore, is to turn the induction window into something valuable. It’s an opportunity the new joiner should shape proactively to serve their interests early on...

Restructuring & Insolvency weekly highlights-28 May 2026 In this issue Key R&I law developments Restructuring Personal insolvency Insolvency litigation R&I in Scotland Daily and weekly news alerts Key dates for restructuring and insolvency professionals New content Key R&I law developments Issue 170 of Insolvency Service’s Dear IP published The Insolvency Service has released issue 170 of its Dear IP newsletter. Highlights include revisions to the IP Complaints Gateway guidance, a consultation on proposed changes to Statement of Insolvency Practice (SIP) 2, and advice on safeguarding employee and consumer creditor data when lodging statements of affairs at Companies House. It confirms the UK Sanctions List is now the sole authoritative source for UK sanctions designations. The issue also sets out direction on using approved spreadsheet templates for submissions to the Insolvency Service, outlines proposals within the Government’s Corporate Civil Enforcement Reforms Consultation, and briefs insolvency practitioners on procedures for handling businesses operating from Facility Security...

Re P (A Child) (Financial Provision: s 423 Insolvency Act 1986) [2025] EWHC 1460 (Fam) What are the practical implications of this case? This ruling serves as a timely reminder of the strength of section 423 of the Insolvency Act 1986 (IA 1986) as a mechanism to defeat transactions that could disadvantage an applicant’s financial claims—especially in Schedule 1 Children Act 1989 (ChA 1989) cases where relief under section 37 of the Matrimonial Causes Act 1973 (MCA 1973) is not available. It emphasises the court’s capacity, when determining a Schedule 1 application, to rely on IA 1986, ss 423–425 to unwind the kinds of dealings that parties (such as the father in this matter) may arrange to frustrate the applicant’s financial position. The IA 1986, s 423 jurisdiction can also be valuable even where MCA 1973, s 37 might otherwise apply, since—unlike s 37—it does not oblige the applicant to demonstrate that the respondent acted with a specific intention to prejudice the claims (paras [36], [37])...

From an IHT standpoint, the overarching purpose of lifetime planning is to arrange an individual’s assets during life so the eventual IHT burden on death is minimised. This can be done in several ways, including putting money into a range of tax-efficient holdings and identifying, securing and augmenting IHT exemptions available and valuable reliefs. A central element of lifetime IHT planning is both gifting during life to significantly shrink the overall estate that will be owned on death, and this Practice Note focuses on that theme. Lifetime IHT planning may equally entail creating or reviewing a person’s Will. Where a strategy blends lifetime transfers with Will structuring, the two strands should not be viewed separately. It is vital to consider the provisions of any Will when lifetime gifts are contemplated, and the converse applies. Even if a client chooses not to undertake any lifetime gifting, they should at the very least think about making a Will. Likewise, getting the order of priorities right is key. Before starting any lifetime gifting,...

The impact of the EU GDPR on M&A transactions Overview of legislation and key M&A considerations The EU’s General Data Protection Regulation, Regulation (EU) 2016/679 (EU GDPR), took direct effect and became fully enforceable across all EU Member States on 25 May 2018. It delivered significant changes to EU data protection law and superseded Directive 95/46/EC (the Data Protection Directive). The EU GDPR regulates the processing of personal data, confers rights on data subjects whose information is handled, and imposes obligations on controllers and processors alike. It is a complex, principle‑driven regime. Seven core data protection principles underpin the EU GDPR, set out in Article 5, and controllers dealing with personal data must adhere to them. See Practice Note: EU GDPR—data protection principles. Personal data and technology are now central to most organisations, as the majority handle information relating to employees, customers/clients, suppliers and others. Data is a strategic and valuable corporate asset and can therefore be decisive to the valuation of a target group or...

Borrowers can choose from a broad range of debt and capital structuring routes. Traditionally, senior debt (typically provided by banks) sat at the top, then mezzanine finance, followed by junior debt, each ranking ahead of unsecured creditors and shareholders/equity holders. After the 2007/8 credit crunch, businesses increasingly tapped capital markets and non-bank sources (eg private credit) to widen their funding, adding further layers of indebtedness. This Practice Note offers a straightforward overview of the different tiers of debt and security a restructuring lawyer may encounter. It outlines the financing layers and the forms of security commonly seen in practice by a restructuring lawyer. It also sketches how those tiers now sit together in practice. Capital structures and interplay between creditors Typically, external borrowings sit at the operating company (Opco) level. The Opcos own the core business assets (eg premises, key manufacturing equipment and valuable intellectual property), produce most of the profits, and lenders seek security over those assets. In some arrangements, high-value items such as intellectual property or...