On 23 July, HM Treasury published a long awaited consultation paper seeking views on proposed amendments to the Limited Partnerships Act 1907, the principal legislation governing UK limited partnerships. In this briefing, Macfarlanes sets out a summary of the proposed amendments.
Law Firm: Macfarlanes | Published: 30 July 2015 | Practice Area: Partnerships and LLPs
The High Court has, for the first time, decided that the doctrine of repudiatory breach does not apply to LLP agreements. The decision in Flanagan v Liontrust Investment Partners LLP will be welcomed by LLPs across the City and beyond, as Macfarlanes reports.
Law Firm: Macfarlanes | Published: 24 July 2015 | Practice Area: Partnerships and LLPs
This week, in conjoined appeals, the Supreme Court will hear two very different cases on penalties. This could result in the law being substantially reformulated or even abolished. This Macfarlanes briefing looks at the key issues set to be tackled.
Law Firm: Macfarlanes | Published: 23 July 2015 | Practice Area: Remedies and Enforcement
The risks around cyber-security have been well-publicised - but for those who have no background in technology, where should you begin so as to act effectively for your company? And how can directors ensure that they have discharged their duties? This Macfarlanes briefing looks at the issues.
Law Firm: Macfarlanes | Published: 15 July 2015 | Practice Area: Security
This Macfarlanes briefing sets out a detailed analysis of the impact the Budget changes are likely to have on private clients, and what their advisers should be thinking about now. Subjects covered include non-dom changes, inheritance tax on homes, corporation tax and pensions.
Law Firm: Macfarlanes | Published: 13 July 2015 | Practice Area: Private Client
A recent Court of Appeal decision has provided a useful reminder that when planning a restructuring or refinancing, the impact on existing claims (particularly claims against advisers for negligence) should be considered in advance.
Law Firm: Macfarlanes | Published: 10 July 2015 | Practice Area: Negligence
In his Summer Budget, Chancellor George Osborne has announced changes affecting individuals working in the asset management industry and, in particular, the tax treatment of carried interest. This Macfarlanes briefing explains the changes in detail.
Law Firm: Macfarlanes | Published: 09 July 2015 | Practice Area: Enforcement and Regulation
On 1 July, the UK Supreme Court released its judgment in the Anson case, which concerns the treatment of a Delaware LLC for UK income tax purposes. The case has wider implications for the UK tax treatment of both corporate and individual members of some LLCs, as Macfarlanes explains.
Law Firm: Macfarlanes | Published: 06 July 2015 | Practice Area: Partnerships and LLPs
This weekly briefing from Macfarlanes is a short update on key developments of relevance to M&A lawyers, acting as a signpost towards matters of interest. This briefing focuses on a government consultation paper which reveals new details about the Small Business, Enterprise and Employment Act 2015.
Law Firm: Macfarlanes | Published: 03 July 2015 | Practice Area: Mergers & Acquisitions
In this M&A round-up, Macfarlanes reports on a recent ruling which serves as an interesting example of the application of the test for unfair prejudice, and a Supreme Court decision which offers a reminder of the approach an English court will take when interpreting or construing a written contract.
Law Firm: Macfarlanes | Published: 29 June 2015 | Practice Area: Mergers & Acquisitions
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