Cross-border mergers: Still in time to complete a UK cross-border merger?

Following the UK’s departure from the European Union on 31 January 2020 and much uncertainty as to the future of the cross-border merger regime in the UK, it has now been confirmed that the cross-border merger procedure will continue to be available between the UK and EU Member States until the end of the transition … Read more

Brexit corporate update

The Financial Reporting Council (FRC) and Department for Business, Energy and Industrial Strategy (BEIS) have published joint letters for auditors and accountants with information in relation to auditing and accounting and corporate reporting standards during the transition period following the UK’s exit from the EU. Read more

Further updates to our Brexit Legal Guide 2020

Following the UK’s exit from the EU on 31 January 2020, we continue to update our Brexit Legal Guide 2020. This week we release the sections Capital markets, Contract and other obligations, Corporate law, Pensions, Real estate and Tax. This follows on from last week’s launch of the updated sections Leaving the EU: The process … Read more

Brexit – the impact on corporate law of the UK leaving the EU

This post was first published on our Corporate Notes blog. The UK ceased to be a member of the EU at 11pm on 31 January 2020. The impact for corporate practitioners will be limited until 30 December 2020 when the transition/implementation period expires (unless extended). Read more

Brexit Asset Management Update

The post below summarises the latest Brexit developments related to asset management. EU Exit: FCA directions extending TPR notification period The FCA has published updated directions for firms intending to enter the temporary permissions regime (TPR), extending the time period during which notifications can be made until the end of 30 January 2020. These directions are directly … Read more

Brexit corporate update

The European Council has agreed to a “flextension” of the Brexit deadline. This means that the UK will now leave the EU on 31 January 2020, unless the UK Parliament ratifies the revised Brexit deal before then, in which case exit day will be brought forward. See our blog post here for further detail. It … Read more

Brexit Corporate Update

As a no-deal Brexit on 31 October remains a possibility, below are details of some recent developments and webinars which are available, which may be of interest to corporate practitioners. FCA transitional arrangements The FCA has updated the draft directions under its Temporary Transitional Power (TTP). The TTP gives the FCA flexibility in applying post-Brexit … Read more

Brexit Corporate Update – Regulations on the prospectus regime

The Prospectus (Amendment etc.) (EU Exit) Regulations 2019 (SI 2019/1234), which will amend the prospectus regime to ensure that it continues to operate effectively in the UK in the event of a no-deal Brexit on 31 October 2019, have been made. The Prospectus (Amendment) Regulations will, among other things: transfer the prospectus supervisory functions of … Read more