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United Kingdom
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Key definition
ACT definition

What does ACT mean? In corporate and banking practice, ACT usually refers to the Association of Corporate Treasurers, the UK-based professional body for corporate treasury professionals, rather than a statutory “Act”. It is not defined in legislation or case law; the acronym is market terminology used in transaction documents and governance materials. The Association of Corporate Treasurers promotes professional standards in liquidity management, funding, cash and risk management, foreign exchange and derivatives. It publishes guidance and a code of ethics and awards recognised qualifications (including AMCT and FCT). In legal contexts, references to “ACT-qualified” personnel or to ACT good practice may appear in treasury policies,...

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Industrial action: legal framework, tort liability, statutory immunity, balloting and notice, protections and exclusions, replacement labour, and ERA 2025 reforms, including repeal of minimum service levels

Practice notes
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This PrACTice Note

This Practice Note sets out the extent of any ‘right’ to engage in industrial action and the restrictions on that right, arising both under common law and through statutory rules. It reflects the present position, and addresses:

  • an outline of the legal framework governing the right to take industrial action, and expected developments in the law
  • taking industrial action to settle a dispute
  • common law liability linked to industrial action
  • statutory immunity from liability
  • what constitutes action taken in contemplation or furtherance of a trade dispute
  • whether individual workers are protected from detriment or dismissal for planning or taking part in industrial action
  • workers who are not entitled to strike
  • the use of replacement labour during industrial action, and
  • changes to industrial action law proposed by the Employment Rights Act 2025

The Strikes (Minimum Service Levels) Act 2023 (Strikes Act 2023) was repealed with effect from 18 December 2025 by the Employment Rights Act 2025 (ERA 2025), reversing the obligation to maintain minimum service levels (MSLs) during strikes in designated sectors. For further information, see: Maintaining minimum service levels during a strike, below...

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Web page updated on 21/05/2026

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