The Supreme Court has held that a claim for compensation under the Data Protection Act 1998 cannot proceed on “opt-out basis” in the high profile Lloyd v Google LLC case. In doing so, it overturned the Court of Appeal’s decision, which would have opened the floodgates for class actions relating to loss of control of … Read more

BEIS has published a call for evidence on the payment practices reporting regulations. Large UK companies and LLPs are required to report on their payment practices, policies and performance every six months and submit that report to a government-hosted website for publication. The aim is to increase transparency and public scrutiny of large businesses’ payment … Read more

The Takeover Panel has published a third Panel Bulletin, which focuses on irrevocable undertakings and letters of intent and the requirements if a shareholder cannot, or no longer intends to, comply with one it has given. The Panel Bulletins are a new form of guidance to remind people how specific provisions of the Takeover Code … Read more

The final regulations setting out the sectors where notification of transactions will be mandatory under the National Security and Investment Act 2021 have been made. The Department for Business, Energy & Industrial Strategy (BEIS) has also published further guidance on the new regime. The Act, which comes into force on 4 January 2022, gives the UK … Read more

Glass Lewis has published its 2022 Policy Guidelines and 2022 Environmental, Social and Governance Initiatives Policy Guidelines. The documents set out its views on current market best practice and its voting recommendations for AGMs in 2022. Key updates to the Glass Lewis Guidelines for 2022 include: Board diversity – In line with the recommendation of … Read more

The Financial Conduct Authority (FCA) has published the 36th edition of its Primary Market Bulletin (PMB), which is focused on climate-related disclosure requirements for listed companies. The PMB follows the introduction of Listing Rule 9.8.6R(8) which requires premium listed companies to make disclosures in compliance with the Task Force on Climate-related Financial Disclosures (TCFD) Recommendations … Read more

Recent additions to our Corporate Notes blog include a summary of new National Security and Investment Act guidance, the Government response on mandatory climate-related reporting by quoted and large private companies and LLPs, the latest FRC report on developing practice in climate reporting, and the FRC review of corporate reporting for 2020/21. Read more

The FRC has published its annual review of corporate reporting for 2020/2021. The FRC notes that the Covid-19 pandemic did not lead to a decline in reporting quality and that there is evidence of improvement in both the content of the strategic report and the use of alternative performance measures (see our blog post here). However, there … Read more