Jurisdiction(s):
United Kingdom

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Key definition

General Principles definition

What does General Principles mean? In takeover practice, General Principles are the high‑level standards that guide how the Takeover Code (UK) and the Irish Takeover Rules are interpreted and applied in real transactions. They set expectations of commercial behaviour by bidders, target boards and advisers. There are six General Principles, mirroring the general principles in Article 3 of the EU Takeover Directive. In the UK they are contained in the Code notwithstanding Brexit; in Ireland they derive from the Directive and are embedded in the Rules. They are expressed in broad terms and neither the Code nor the Rules defines the precise limits of their...

Archived: European Investigation Orders in the UK—background, implementing regulations, investigative measures and procedures for transitional pre‑Brexit cases

Published by a LexisNexis Corporate Crime expert

Practice notes

ARCHIVED: This Practice Note has been archived and is not being maintained.

Following the conclusion of the EU transition period, the UK no longer participates in the European Investigation Order (EIO) regime. In its place, mutual legal assistance requests from EU member States now rely on the Council of Europe’s 1959 European Convention on Mutual Assistance in Criminal Matters and its additional protocols, as supplemented by the EU-UK Trade and Cooperation Agreement (TCA).

EIOs received before the end of IP completion day (11 pm 31 December 2020) continue to be handled as EIOs, with the relevant procedures and processes remaining applicable to these transitional EIOs. Any EIOs arriving after IP completion day are treated as requests under the 1959 convention. See Practice Note: Mutual legal assistance (MLA).

This Practice Note is retained to support those managing EIOs issued prior to IP completion day. It sets out the background to the EIO’s introduction within the EU, explains the definition and aims of EIOs, and highlights the principal provisions, including the investigative measures available under EIOs. For further information on obtaining and executing EIOs, including the conditions under which they are...

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Web page updated on 21/05/2026

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