On 4 March 2024, Mr Justice Richards of the English High Court delivered a judgment (the Judgment) in relation to the sanction of the restructuring plan under Part 26A of the Companies Act 2006 (the Plan) of Project Lietzenburger Straße
GT London Law Blog
Legal Advisers for a Changing World
Changes to the Special Administration Regime for UK Water Companies
To modernise the restructuring toolkit available to special administrators, the UK government has introduced changes to the English special administration regime (SAR)1 for distressed water companies. The changes follow reports of significant stress in the water services sector.
5 Trends to Watch: 2024 UK Financial Services Regulation
This 5 Trends piece covers non-financial misconduct, the Senior Managers and Certification Regime, FCA investigations and Upper Tribunal proceedings, motor finance, and FCA Sustainability Disclosure Requirements.…
5 Trends to Watch: 2024 UK Civil Fraud
This 5 Trends piece covers sanctions, the Insolvency & Companies Court boom, the Economic Crime and Corporate Transparency Act 2023, AI in dispute resolution, and litigation related to ESG regulation.…
Under Control? A Consultation Around Land Control in the UK
The UK government is seeking views on proposals to make certain data in respect of ‘contractual control’ interests in land (rights of pre-emption, options, conditional contracts) publicly available.
The Contractual Controls on Land Consultation which opened on 24 January 2024…
Guilty or Not Guilty: UK Supreme Court Decides Fate of Administrator Appointed Under Insolvency Act
‘Tis the season for giving, and the recent UK Supreme Court decision in R (on the application of Palmer) v Northern Derbyshire Magistrates’ Court and another [2023] UKSC 38 is a welcome gift to insolvency practitioners. The Supreme Court held that an…
UK Announces New Office of Trade Sanctions Implementation
On 11 December 2023, His Majesty’s Government (HMG) announced that it will create a new unit – the Office of Trade Sanctions Implementation (OTSI) within the Department for Business and Trade (DBT) to improve the implementation and enforcement of trade…
AIFMD II: New Regulation of Debt Funds and Other Key Changes
In November 2023, after several years of negotiation, the Council of the European Union published the detailed compromise text for the Alternative Investment Fund Managers Directive (AIFMD) II.
While the introduction of the AIFMD a decade ago imposed what were,…
UK Court of Appeal Expands Scope of ‘Control’ Under Russia Sanctions Regulations: ‘Mr Putin could be deemed to control everything in Russia’
In a judgment handed down on 6 October, a UK Court of Appeal (the Court) provided an obiter, or non-binding, ruling expanding the scope of ‘control’ under Regulation 7(4) of the Russia (Sanctions) (EU Exit) Regulations 2019 (the Regulations).
No Breach Too Small: OFSI Reports First Breach of UK’s Russian Sanctions Regulations
On 31 August 2023 the UK’s Office of Financial Sanctions Implementation (OFSI) issued a “Disclosure” against Wise Payments Limited, a UK-registered company, regulated by the Financial Conduct Authority, for breaching Regulation 12 of The Russia (Sanctions) (EU Exit) Regulations 2019…