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UK: The “CCO”
It is now three years since the corporate criminal offences of failing to prevent facilitation of UK and foreign tax evasion came into effect.
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UK: Sevilleja v Marex Financial Limited: Reflections for shareholders’ agreements
This briefing considers the existence and scope of the so-called “reflective loss” principle as determined by the recent majority decision of the UK Supreme Court in Sevilleja v Marex Financial Ltd [2020] UKSC 31 (the Marex case) and its significance in the context of shareholders’ agreements.
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UK: Where a successful section 73 application has been made to the Local Planning Authority, resulting in the grant of a new planning permission with varied conditions, is it then possible to make a further variation to that section 73 permission by way of a further application under section 73 of the Town and Country Planning Act 1990?
It includes no restriction on the number of times TCPA 1990, s 73 can be used to vary a permission, and there is no case law to this effect.
Publication
United Kingdom: Essential Corporate News: Week ending September 11, 2020
On September 4, 2020 the Financial Conduct Authority (FCA) published its latest Quarterly Consultation which includes changes to Chapter 8 of the Listing Rules to align provisions there with provisions for “exempted documents” under the Prospectus Regulation.
Publication
UK: It was recently asked whether it is legally possible to make an application under section 73 of the Town and Country Planning Act 1990 to the Local Planning Authority, in order to vary a section 73 permission.
The Court of Appeal case of Finney v Welsh Minsters established that section 73 of the Town and Country Planning Act 1990 (TCPA 1990) cannot be lawfully used to amend a description of development in a planning permission.
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