ArticleAutumn Budget 2024The first Budget after a change of government is always a moment of consequence and this was no exception. United KingdomTaxMacfarlanes LLP
ArticleFCA Review Of Private Valuations: Are You Ready?The Financial Conduct Authority (FCA) has announced that it will carry out a review of the disciplines and governance around private market valuations.United KingdomFinance and BankingMacfarlanes LLP
ArticlePrivate Debt – Strong Performance In The Face Of Uncertain Times: The Pitchbook Global Private Debt Report H1 2023On 25 September 2023, Pitchbook published their Global Private Debt Report (Report) on H1 2023 activity in the private capital markets. GlobalFinance and BankingMacfarlanes LLP
ArticleCorporate law update: 18 - 24 JulyThe Supreme Court has clarified the boundaries of directors' fiduciary duties, ruling that a director breached his obligations by deliberately concealing information from fellow board members during a company sale process. This landmark decision examines whether genuine belief in acting for the company's benefit can justify unilateral action and information withholding, establishing important precedents for corporate governance and the duty of good faith. United KingdomCorporate/Commercial LawMacfarlanes LLP
ArticleAIFMD II - Final Compromise Text PublishedThe "final text" of the amending directive (AIFMD II) on the amendment of Directive 2011/61/EU on alternative investment fund managers (AIFMD) has now been published...European UnionFinance and BankingMacfarlanes LLP
ArticleShow Me The AI: The EU AI Act's Transparency Obligations Now ApplyFrom 2 August 2026, the EU AI Act introduces mandatory transparency obligations requiring anyone using AI professionally in the EU market to disclose AI-generated or manipulated audio, video, images, and certain text content. These obligations apply to both AI providers and deployers, with non-compliance potentially resulting in fines of up to €15 million or 3% of global turnover. European UnionPrivacyMacfarlanes LLP
ArticleThe Evolution Of Core Real EstateOne silver lining of lower transaction volumes and a slower capital raising environment is the opportunity to pause for thought and consider how the shifting tectonic plates...European UnionReal Estate and ConstructionMacfarlanes LLP
ArticleNAV Financing In Private Equity Strategies: ILPA Issues GuidanceILPA's latest guidance on NAV financing in private equity emphasizes the need for LPAC consent, transparency, and clear LPA provisions regarding NAV financing. It advocates for proactive LP engagement and standardized disclosures to address potential conflicts and ensure clarity in fund agreementsUnited KingdomCorporate/Commercial LawMacfarlanes LLP
ArticleHR Briefing - October 2023Welcome to this month's briefing for HR teams and in-house employment counsel – bringing you employment law highlights in an easy-to-read package with our monthly podcast.United KingdomEmployment and HRMacfarlanes LLP
ArticleThe Case of the Spreading Flames and the Spreading BlameUnited KingdomEmployment and HRMacfarlanes LLP
ArticleFinancial Services Firms Take Note – New Sector Specific Guidance On Failure To Prevent FraudFinancial services industry body, UK Finance, has published sector-specific guidance to assist financial services firms in preparing for the new failure to prevent fraud offence.United KingdomFinance and BankingMacfarlanes LLP
ArticleSports Direct 0 – Newcastle United 2: Court Of Appeal Win For Newcastle UnitedSports Direct's bid for an interim injunction against Newcastle United, demanding replica kit supply, was denied by both the Tribunal and the Court of Appeal, which favored a speedy trial instead.United KingdomMedia, Telecoms, IT, EntertainmentMacfarlanes LLP
ArticleCyber Security And Resilience Bill Progresses Through ParliamentThe Cyber Security and Resilience (Network and Information Systems) Bill is making its way through Parliament, with MPs currently picking apart the details in the committee stage. United KingdomTechnologyMacfarlanes LLP
ArticleInvestment Management Update - September 2025This publication has been tailored to highlight topical news, cases and changes in the law impacting the investment management sector.United KingdomFinance and BankingMacfarlanes LLP
ArticleAdvocate General's Opinion Is That An Immediate Exit Charge On Unrealised Gains On Branch Assets On Cessation Of Trade Or Transfer To Another EU Member State Breaches Freedom Of EstablishmentAdvocate General Mengozzi has recently delivered his opinion in the case of European Commission v Portuguese Republic ECJ Case C-38/10.European UnionTaxMacfarlanes LLP
ArticleYouth Mobility Scheme Visa Expanded For Canadians And AustraliansThe Home Office announced at the end of last week that, from 31 January 2024, eligibility for the Youth Mobility Scheme (YMS) visa, known colloquially...GlobalImmigrationMacfarlanes LLP
ArticleBeneficial Ownership Registers: Summer 2025 UpdatesGiven the flurry of recent legislative activity by the UK Government (see our separate note: Legislation Day – points to note for private clients), private client practitioners may be...United KingdomGovernment, Public SectorMacfarlanes LLP
ArticleGoing Dutch On Sustainability: The ACM Adopts Policy Rule To Avoid Falling Foul Of Commission's Guidance On Horizontal Co-operationThe approach of European Competition Authorities (both at EU and National level) to sustainability agreements has been keenly debated in recent years...United KingdomAntitrust/Competition LawMacfarlanes LLP
ArticleGone But Not Forgotten: How Deleted Messages Can Cost MillionsThe European Commission fined International Flavors & Fragrances €15.9 million for obstructing an antitrust investigation by deleting business-related WhatsApp messages during a dawn raid. This marks the first penalty for such data deletion.United KingdomAntitrust/Competition LawMacfarlanes LLP