JD Supra (JD Supra United Kingdom)

The past several years have emphasised the growing importance of strategic equity solutions as part of corporate finance advisory services for both listed issuers and their controlling shareholders. Strategic equity solutions are a range of equity derivatives products, including capital-raising, equity-linked products, structured share buy-back and share accumulation and disposal products, and...

Our Real Estate Dispute Resolution team has experience spanning decades, guiding our clients through several cycles of the economy. This has equipped us with the ability to make accurate predictions of risks and potential real estate disputes on the horizon which every real estate developer, investor or occupier should know about. It also means that we are best placed to put forward our...

This briefing, which is relevant to the prudential treatment of securitisations in general (traditional and synthetic) by UK PRA regulated banks, covers the securitisation-related content of PRA Policy Statement 19/25 (PS 19/25, published 28 October 25). PRA 19/25 sets out the PRA’s approach in relation to the securitisation prudential reforms envisaged in its October 2024 Consultation Paper 13/24

On 28 October 2025, the FCA announced a consultation on proposed new rules and guidance on short selling. Short selling is the practice of selling a security that is borrowed or not owned by the seller, with the intention to repurchase this security later, at a lower price. Market participants engage in this activity both for speculative and risk management purposes, enabling sellers to hedge

INTRODUCTION - Welcome to the second edition of Real Insight, our UK real estate update. It's jam-packed with the Renters' Rights Act, real estate debt, W&I insurance, trends in real estate asset management M&As, data centres, thoughts for reform in the senior living sector, and the Building Safety Levy. We also have the latest edition of our energy, infra and real estate markets podcast "Real

The United Kingdom prospectus regime is changing in 2026. This presentation provides an understanding of the new UK Public Offer and Admission to Trading Regulations 2024 (POATR) with a focus on debt capital markets. POATR will replace the existing UK Prospectus Regulation with the final rules set out in FCA Policy Statement PS25/9 applying from 19 January 2026. Following on from last year’s...

Welcome to the Autumn 2025 edition of our biannual Banking Litigation Update, in which we highlight the most important cases and developments affecting UK financial institutions over the past six months.

"Disclosure" is the term given to the stage of the litigation procedure when each party may be required to collect and review documents potentially relevant to the dispute and then state to the other parties (usually in a formal list of documents) the disclosable documents which exist or have existed. The other party has a right to a copy of those disclosed documents, subject to certain...

This note is a summary of our note "Disclosure of documents in civil proceedings in England and Wales". Neither note is intended as a substitute for obtaining advice in individual cases.

Any record of a communication (for example: emails, recorded phone conversations (including voicemails), letters, memoranda, computer records etc) may have to be produced to the other party in litigation or other adversarial proceedings if the record is relevant to the proceedings. One exception is where the record is privileged. Privilege can protect confidential communications between lawyers (i

Our previous article focused on the importance of CASS Resolution Packs for firms that hold custody assets and/or client money (“CASS Firms”) to ensure they are prepared should they enter an insolvency process, in accordance with the Financial Conduct Authority’s (“FCA”) Client Asset Sourcebook (“CASS”) requirements. This article focuses on the CASS-related issues and challenges that may arise in

When Nick Ephgrave QPM, director of the Serious Fraud Office, addressed a group of corporate leaders at Jones Day’s London Office in May 2025 about the UK’s Economic Crime and Corporate Transparency Act 2023 (“ECCTA” or “the Act”), he was clear about its overarching goal: culture change. The new corporate offence of “failure to prevent fraud” established by ECCTA was intended, he said, to force a

We set out below a number of interesting English court decisions and market developments which have taken place and their impact on M&A transactions. Our Summer 2025 review examines these developments and provides practical guidance on their implications.

INTRODUCTION - Welcome to the first edition of Real Insight, our new UK real estate update. Among the subjects covered in this edition are the emerging success of data centres in the planning system, continuation funds, the proposal to ban upward-only rent reviews in commercial leases, the Renters' Rights Bill, the rights of light case which has hit the headlines and also our new energy, infra

Defence, and the related military and dual-use sectors, encompasses activities supporting defensive and national security capabilities. While some of these activities may be defence-specific, others have applications in both the military and civilian spheres. FDI controls are commonly perceived as being principally concerned with the protection of national security interests. Although the...

In this Law360 U.K. Expert Analysis series, practice group leaders share thoughts on keeping the pulse on legal trends, tackling difficult cases and what it takes to make a mark in their area. In this installment, Ben Higson, head of Vinson & Elkins' London transactions practice, discusses the complexities of knitting together businesses across the world into a joint venture, how warranty and...

On 22 July 2025, the UK Government published its fourth Annual Report on the operation of the National Security and Investment Act 2021 (NSIA). On the same day, the Labour administration unveiled proposals to reform the NSIA regime, with a view to reducing the burden on business. In the attached are selected headlines and notable takeaways from the latest Annual Report, including a comparative,...

KEY POINTS - - Virtual International Bank Account Numbers (vIBANs or virtual IBANs) are identifiers formally linked to a master bank account and informally associated with other accounts or relationships. They are typically used to streamline payments reconciliation and support indirect participation in payment systems. DZ - Virtual IBANs owe their existence to industry usage, and as...

On 15 July 2025, the FCA published PS25/9 and PS25/10 outlining its final rules for the new Public Offers and Admissions to Trading regime, which will supersede the existing UK Prospectus Regulation from 19 January 2026. This new regulatory framework, in conjunction with the Public Offers and Admissions to Trading Regulations 2024 (POATR 2024) — which granted the FCA authority to establish the...

FCA finalises rules for PISCES – new secondary private stock market – On 10 June 2025, the FCA issued its final rules for the Private Intermittent Securities and Capital Exchange ("PISCES"). PISCES is a new type of private stock market that allows intermittent trading of private company shares using market infrastructure. The FCA has published rules for entities hosting a PISCES platform (operator

It is rare for employers to receive genuinely positive news in the data protection sphere, but the Data (Use and Access) Act 2025 (DUAA) is a notable exception. The DUAA aims to ease compliance burdens, introduce greater flexibility, and provide more practical options for managing data, without undermining the fundamental rights of individuals. In codifying and clarifying certain approaches to

The Government has published an implementation roadmap for the Employment Rights Bill, outlining a phased approach to the introduction of its extensive reforms. Employers will welcome having more clarity on timings, as well as additional time to prepare for some of the most significant changes, such as day one unfair dismissal rights which are now planned for 2027. In this revised timetable, the

Case 1: Brown v Ridley and Another - The Supreme Court has clarified that a reasonable belief of ownership for any 10 year period is sufficient to claim adverse possession.

THE LAW COMMISSION CONSULTATION PAPER: BUSINESS TENANCIES AND THE RIGHT TO RENEW - On 19 November 2024, the Law Commission published its first consultation paper considering whether a tenant’s right to renew a business tenancy (security of tenure) under Part 2 of the Landlord and Tenant Act 1954 (the LTA 1954) is still fit for purpose. This is the first of two consultations, and it looks at...

As the 2025 AGM and reporting season passes its peak, we have produced a note of our reflections on what we’ve seen in the market so far this year, and developments we’re expecting in the coming months. The key themes covered include: - current trends in practical AGM and shareholder engagement arrangements - an update on market practice for AGM share capital authorities - an overview of...

The UK government continues to make plenty of promises in terms of reform, a rental revolution and a planning shake-up. What is coming down the line in terms of new legislation over the next few months and which are the crucial cases to have on your radar? Check out our new Summer Horizon Scanner to see what’s happening and when, to help you to plan ahead. Click here to view the new Horizon...

The Basel Accords have, over time, shaped the development of the financial markets as different products become more or less attractive for banks to offer and businesses to take up on a risk-adjusted return basis. After the financial crisis, the Basel III accords greatly increased the sophistication of the regime and addressed different areas of risk which, it was felt, had been insufficiently...

The UK Securitisation Framework came into force on 1 November 2024 and revoked the previous EU legislation that had been retained under UK law ("Previous UK SR"). The new regime represents a significant shift in the way that securitisation is regulated in the UK, by placing power to make and adjust rules in the hands of the regulators. This article provides a brief recap of the UK Securitisation...

Mayer Brown’s UK Regulatory Update is a quarterly newsletter for the asset management sector. In this edition, covering Q1 2025, we look at consultations relating to the UK AIFMD framework, reporting and notification requirements and changes to the margin requirements for non-centrally cleared derivatives; the FCA’s report on its review of private market valuation processes; and proposed...

INTERNATIONAL EMPLOYEES – WHEN DO THEY HAVE UK EMPLOYMENT RIGHTS? The question of jurisdiction and application of UK employment rights is a growing problem for employers, as employees increasingly work in multiple locations and in matrix organisations. The question of whether an employment has ‘sufficient connection’ to the UK, giving individuals UK employment rights, is nuanced and often...