The mandatory identity verification for companies requirements set out in the Economic Crime and Corporate Transparency Act 2023 (ECCTA) will go live this year.
These measures aim to:
improve corporate transparency, which is a central tenet of ECCTA;
With recent improvements to defined benefit scheme funding, many trustees will be looking to complete a buy-in transaction in the near future. In doing so, one of the first questions they will need to answer is exactly what benefits they should insure.
It sounds straightforward, but in practice can be trickier than trustees might expect. This latest article in our buy-in series examines some common issues, and suggests top tips for success.
The onshore wind sector is rapidly expanding, with Britain aiming to become a "clean energy superpower" by 2030. Compliance with health and safety standards is therefore increasingly important.
A court has recently confirmed an Adjudicator’s Decision that WhatsApp messages constituted a construction contract, and invoices submitted with reference to them were therefore valid payment notices.
Shepherd and Wedderburn is pleased to announce partner and director promotions effective from 1 May. Gavin Charlton in the employee share incentives team has been promoted to Partner, while Pamela Binnie from Property and Infrastructure and Roddy Forgie from
With ambitious targets set for the transition to net zero by both the UK and Scottish Governments, the role of Scotland’s offshore wind sector has never been more important.
The UK has set a legally binding target of achieving net zero by 2050. Doing that will require a significant increase in the use of renewable energy, but the way that generators have to pay for the cost of using the transmission network can be a real disincentive to investing in such projects.
In Pacini v Dow Jones & Co Inc [2024] EWHC 2714 (KB), the court applied principles from defamation law to a data protection claim to determine the meaning of allegedly incorrect personal data contained within two news articles. The case was the first to consider the single meaning of a statement as a preliminary issue in a claim solely based on data protection and the alleged inaccuracy of personal data.
Share Plans (also known as Share Schemes) are arrangements which allow employees to acquire shares in the company they work for. These usually take the form of granting employees an option to acquire shares after a certain period of time (normally three-five years), once certain performance conditions have been met or when an exit has taken place (for example, when a startup company is bought over). These plans come in lots of shapes and sizes, can be tailored to the needs of each business, and have several benefits for employers and employees alike.
The Subsidy Control Act 2022 (“the Act”) came into force on 4 January 2023, establishing the UK’s enduring subsidy control regime following its exit from the EU and replacing EU State aid rules. The subsidy control regime is primarily designed to help public authorities make subsidy awards in a manner which ensures minimum impact on both competition and investment, while also providing for the efficient use of public monies.