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  • Article

    The UK Crime And Policing Act 2026: A New Era Of Corporate Criminal Liability

    The Crime and Policing Act 2026 introduces a universal senior manager attribution test that fundamentally transforms corporate criminal liability in the UK, extending automatic criminal responsibility to organisations across the full spectrum of UK criminal law when senior managers commit offences within their authority. With no reasonable prevention procedures defence and limited access to deferred prosecution agreements, organisations face unprecedented exposure requiring immediate strategic action and co
    United KingdomCriminal Law
    Dechert
    Dechert
  • Article

    Exploring The Path Ahead For Private Credit: Strategic Insights And Opportunities In A Dynamic Market

    The recent muted state of the M&A market has not had the level of impact on direct lending that some observers may have expected. Panel members commented on:
    United KingdomWealth Management
    Dechert
    Dechert
  • Article

    Protecting Business Interests Following Termination

    Covenants on non-disclosure of information comprising commercial secrets are generally enforceable.
    RussiaEmployment and HR
    Dechert
    Dechert
  • Article

    Know Your Contractual Limitations

    An expired limitation period can operate as a complete defence to a claim, so missing a limitation deadline could be your worst nightmare.
    United KingdomCorporate/Commercial Law
    Dechert
    Dechert
  • Article

    UK Data Regulator Calls For Review Of Automated Recruitment

    The UK’s Information Commissioner’s Office (“ICO”) has called on businesses to review their use of automated decision-making (“ADM”) in recruitment.
    United KingdomPrivacy
    Dechert
    Dechert
  • Article

    If You Want To Crack The Whip, Make Sure Your Construction Contract Allows You To Do So

    In a recent case the Technology and Construction Court declined to imply into a construction contract an obligation to proceed regularly and diligently with the works, despite the fact that failure to do so gave an express right to terminate the contract.
    United KingdomReal Estate and Construction
    Dechert
    Dechert
  • Article

    Landlord’s Choice Of Electricity Supplier

    Landlords of multi-let properties often supply gas and electricity to their tenants via a single network, rather than the tenants being supplied directly by a third party gas or electricity supplier.
    United KingdomReal Estate and Construction
    Dechert
    Dechert
  • Article

    The Budget: Largely Disappointing For Real Estate

    The Chancellor of the Exchequer announced the 2012 Budget on 21 March. While aspects of the Budget are clearly favourable to UK business, particularly the reduction in the main rate of corporation tax to 24 per cent from 1 April 2012 with further reductions in the rate to 22 per cent to come by April 2014, the specific measures introduced in relation to real estate are less positive and largely anti-avoidance in nature.
    United KingdomTax
    Dechert
    Dechert
  • Article

    ICLG – Environmental, Social & Governance Law 2026

    The role of sustainability in the operations and investment management activities of asset managers has long been a subject of discussion and, in some jurisdictions, controversy.
    United StatesEnvironment
    Dechert
    Dechert
  • Article

    Building Consumer Financial Protection Bureau Relationships: Access To Documents

    A recent U.S. Consumer Financial Protection Bureau (CFPB) bulletin states that supervised institutions must provide all relevant documents upon request from the CFPB, including those subject to attorney-client privilege.
    United StatesFinance and Banking
    Dechert
    Dechert
  • Article

    Pay To Play For 2011

    Almost nine months after the effective date of the SEC’s pay-to-play rule — Rule 206(4)-5 under the Investment Advisers Act of 1940 — many advisers are first beginning to confront some of the challenges arising from new election cycles.
    United StatesFinance and Banking
    Dechert
    Dechert
  • Article

    U.S. Department Of War Pauses CMMC Phase II Program Requirements

    On July 13, 2026, the Department of War (“Department” or “DOW”) announced the immediate suspension of its Cybersecurity Maturity Model Certification (“CMMC”) Phase II requirements, which would have required most contractors handling Controlled Unclassified Information (“CUI”) to complete a third-party cybersecurity assessment by November 10, 2026.
    United StatesTechnology
    Dechert
    Dechert
  • Article

    Country Risk: Illustrated

    Last time, we wrote about "country risk"; i.e., the risk a company takes by doing business in a different country, where laws might be different from what you might expect in your home country.
    United StatesWealth Management
    Dechert
    Dechert
  • Article

    Federal Reserve Board’s White Paper On The U.S. Housing Market: Private Equity Take Note

    The Board of Governors of the Federal Reserve System ("FRB") on January 4, 2012 released a white paper entitled "The U.S. Housing Market: Current Conditions and Policy Considerations."
    United StatesReal Estate and Construction
    Dechert
    Dechert
  • Article

    SEC Withdraws Significant Number Of Rule Proposals

    Last week, the SEC withdrew 14 proposed regulatory actions that had been pending for several years, including a number of proposed rules that would have had a major impact on investment advisers and funds.
    United StatesFinance and Banking
    Dechert
    Dechert
  • Article

    Magistrate Judge Orders Production Of AI Prompts Used By Expert Witness

    This ruling may open the door to broader discovery of expert AI usage. Parties should consider addressing AI usage explicitly in their discovery protocols and agreements rather than relying on general provisions that courts may decline to extend to novel AI-assisted workflows.
    United StatesLitigation, Mediation & Arbitration
    Dechert
    Dechert
  • Article

    SEC Open Meeting: Form PF Compliance Date Pushed Again And SEC Housekeeping

    The Securities and Exchange Commission and the Commodity Futures Trading Commission have voted to extend the compliance date for the significant amendments to Form PF that were adopted on February 8, 2024...
    United StatesFinance and Banking
    Dechert
    Dechert
  • Article

    FinCEN Delays AML Requirements For Investment Advisers

    The Trump Administration delaying anti-money laundering rules initiated by the Biden Administration has become a recurring theme for the compliance community.
    United StatesGovernment, Public Sector
    Dechert
    Dechert
  • Article

    Dechert Cyber Bits – Issue 77 – June 12, 2025

    The European Commission has proposed a rule simplification package, known as Omnibus IV, aimed at, among other things, easing the regulatory burden of the GDPR on small and medium sized companies...
    United KingdomPrivacy
    Dechert
    Dechert
  • Article

    Artificial Advice, Real Liability: New York Weighs Restrictions On AI Impersonations Of Licensed Professionals

    This monthly newsletter examines critical developments in product liability and mass torts, including New York's proposed legislation targeting AI chatbot operators for unauthorized practice of law, state efforts to curtail public nuisance claims, and the American Arbitration Association's expansion of AI arbitration tools. The analysis explores how these emerging legal trends and regulatory responses are reshaping the landscape for businesses facing complex litigation.
    United StatesTechnology
    Dechert
    Dechert

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