We have published the 2022 edition of the ‘Tax in M&A in the UK and Europe’ guide produced by Herbert Smith Freehills and other contributors (see the Contributors list for full details). The guide can be accessed here. The Tax in M&A guide accompanies the 2021 edition of our ‘Regulation of Public M&A in the … Read more

The new register of overseas entities owning UK property, operated by Companies House, came into effect on 1 August 2022. The new register was introduced by the Economic Crime (Transparency and Enforcement) Act 2022 (ECA), which received royal assent in March. Under the ECA, overseas entities that own, or have a lease of more than seven years … Read more

The Takeover Panel has published a new Panel Bulletin 5 on possible offer announcements. Panel Bulletins contain guidance to remind people how specific provisions of the Takeover Code operate but do not entail any changes to the interpretation or application of the Code. In the Bulletin the Panel reminds financial advisers in particular that: Immediate announcement – Once … Read more

The Department for Business, Energy and Industrial Strategy (BEIS) has published new Market Guidance Notes on the National Security and Investment Act 2021 (NSI Act). It has also updated its guidance on the 17 sectors where acquisitions must be notified under the NSI Act, and published new guidance on the application of the NSI Act to new build downstream gas and … Read more

Companies House has announced that it expects the commencement order for the new register of overseas entities owning UK property to be laid on 1 August 2022, and the register to come into effect on the same date. The new register is being introduced by the Economic Crime (Transparency and Enforcement) Act 2022 (ECA), which … Read more

The Register of Overseas Entities (Verification and Provision of Information) Regulations 2022, which provide further detail on how some aspects of the new register of overseas entities owning UK property will operate in practice, have been made. The new register is being introduced by the Economic Crime (Transparency and Enforcement) Act 2022 (ECA), which received … Read more

We have published our half-yearly update briefing which summarises the major developments in UK corporate law and regulation that have occurred over the last six months, that is from January to June 2022, and which are of relevance to UK listed companies. Please click here to see the full briefing. Read more

Miscellaneous changes to the Takeover Code came into force on 13 June 2022 and the Takeover Panel has published a new Practice Statement No 33 on issues for a bidder to consider when buying target shares during an offer period. The changes to the Takeover Code follow two response statements (RS 2021/1 and RS 2022/1) and cover a … Read more