https://s1-uk.practicallaw.thomsonreuters.com/WLN-PLCUK-SC_2605.1.2002/productViews/plcuk/Legal updateshttps://uk.practicallaw.thomsonreuters.comCorporatehttps://uk.practicallaw.thomsonreuters.com/Document/I655c2c6163e711f18ebba5f5b5f97226/View/FullText.html?transitionType=Default&contextData=%28sc.Default%29https://uk.practicallaw.thomsonreuters.com/Document/I655c2c6163e711f18ebba5f5b5f97226/View/FullText.html?transitionType=Default&contextData=%28sc.Default%29Tue, 09 Jun 2026 00:00:00 CDTThe government has announced how accounts reforms set out in the Economic Crime and Corporate Transparency Act 2023 will be implemented.https://uk.practicallaw.thomsonreuters.com/Document/I655c2c6163e711f18ebba5f5b5f97226/View/FullText.html?transitionType=Default&contextData=%28sc.Default%29https://uk.practicallaw.thomsonreuters.com/Document/Id4ae35ae5b2c11f18ebba5f5b5f97226/View/FullText.html?transitionType=Default&contextData=%28sc.Default%29https://uk.practicallaw.thomsonreuters.com/Document/Id4ae35ae5b2c11f18ebba5f5b5f97226/View/FullText.html?transitionType=Default&contextData=%28sc.Default%29Thu, 04 Jun 2026 00:00:00 CDTThe CGI has published an update to its guidance note on the proper purpose test under sections 116 to 119 of the Companies Act 2006, incorporating insights from recent caselaw.https://uk.practicallaw.thomsonreuters.com/Document/Id4ae35ae5b2c11f18ebba5f5b5f97226/View/FullText.html?transitionType=Default&contextData=%28sc.Default%29https://uk.practicallaw.thomsonreuters.com/Document/Id007d7345fe111f1a83fe84dcd0bf6af/View/FullText.html?transitionType=Default&contextData=%28sc.Default%29https://uk.practicallaw.thomsonreuters.com/Document/Id007d7345fe111f1a83fe84dcd0bf6af/View/FullText.html?transitionType=Default&contextData=%28sc.Default%29Thu, 04 Jun 2026 00:00:00 CDTThe London Stock Exchange has issued AIM Notice 63 to consult on draft amendments to the AIM Rules for Nominated Advisers and has published a new Nominated Adviser Technical Note.https://uk.practicallaw.thomsonreuters.com/Document/Id007d7345fe111f1a83fe84dcd0bf6af/View/FullText.html?transitionType=Default&contextData=%28sc.Default%29https://uk.practicallaw.thomsonreuters.com/Document/Ieb2251745f6e11f1a83fe84dcd0bf6af/View/FullText.html?transitionType=Default&contextData=%28sc.Default%29https://uk.practicallaw.thomsonreuters.com/Document/Ieb2251745f6e11f1a83fe84dcd0bf6af/View/FullText.html?transitionType=Default&contextData=%28sc.Default%29Thu, 04 Jun 2026 00:00:00 CDTThe London Stock Exchange has issued AIM Notice 62 to consult on proposed changes to the AIM Rules and the AIM Disciplinary Procedures and Appeals Handbook.https://uk.practicallaw.thomsonreuters.com/Document/Ieb2251745f6e11f1a83fe84dcd0bf6af/View/FullText.html?transitionType=Default&contextData=%28sc.Default%29https://uk.practicallaw.thomsonreuters.com/Document/If3ab30f65e6711f1a83fe84dcd0bf6af/View/FullText.html?transitionType=Default&contextData=%28sc.Default%29https://uk.practicallaw.thomsonreuters.com/Document/If3ab30f65e6711f1a83fe84dcd0bf6af/View/FullText.html?transitionType=Default&contextData=%28sc.Default%29Tue, 02 Jun 2026 00:00:00 CDTHMRC published its new Mandatory Tax Adviser Registration manual on 1 June 2026.https://uk.practicallaw.thomsonreuters.com/Document/If3ab30f65e6711f1a83fe84dcd0bf6af/View/FullText.html?transitionType=Default&contextData=%28sc.Default%29https://uk.practicallaw.thomsonreuters.com/Document/Id96bdd6f5e5211f18ebba5f5b5f97226/View/FullText.html?transitionType=Default&contextData=%28sc.Default%29https://uk.practicallaw.thomsonreuters.com/Document/Id96bdd6f5e5211f18ebba5f5b5f97226/View/FullText.html?transitionType=Default&contextData=%28sc.Default%29Tue, 02 Jun 2026 00:00:00 CDTThe draft Register of Overseas Entities (Protection and Trusts) and Limited Liability Partnerships (Application of Company Law) (Amendment) Regulations 2026 have been re-published, superseding regulations of the same name published and laid before parliament on 22 April which were subsequently withdrawn.https://uk.practicallaw.thomsonreuters.com/Document/Id96bdd6f5e5211f18ebba5f5b5f97226/View/FullText.html?transitionType=Default&contextData=%28sc.Default%29https://uk.practicallaw.thomsonreuters.com/Document/I663887ab59b811f1a83fe84dcd0bf6af/View/FullText.html?transitionType=Default&contextData=%28sc.Default%29https://uk.practicallaw.thomsonreuters.com/Document/I663887ab59b811f1a83fe84dcd0bf6af/View/FullText.html?transitionType=Default&contextData=%28sc.Default%29Fri, 29 May 2026 00:00:00 CDTAn article examining the evolving landscape of shareholder activism and its growing influence on UK public M&A, including a discussion of strategies used by shareholders and how bidders and target boards are adapting to activism.https://uk.practicallaw.thomsonreuters.com/Document/I663887ab59b811f1a83fe84dcd0bf6af/View/FullText.html?transitionType=Default&contextData=%28sc.Default%29https://uk.practicallaw.thomsonreuters.com/Document/I56cd5e505a7c11f18ebba5f5b5f97226/View/FullText.html?transitionType=Default&contextData=%28sc.Default%29https://uk.practicallaw.thomsonreuters.com/Document/I56cd5e505a7c11f18ebba5f5b5f97226/View/FullText.html?transitionType=Default&contextData=%28sc.Default%29Fri, 29 May 2026 00:00:00 CDTPractical Law provides free training on how to use Practical Law more effectively. This is available in a variety of formats, including live webinars and training videos.https://uk.practicallaw.thomsonreuters.com/Document/I56cd5e505a7c11f18ebba5f5b5f97226/View/FullText.html?transitionType=Default&contextData=%28sc.Default%29https://uk.practicallaw.thomsonreuters.com/Document/I66385ce059b811f1a83fe84dcd0bf6af/View/FullText.html?transitionType=Default&contextData=%28sc.Default%29https://uk.practicallaw.thomsonreuters.com/Document/I66385ce059b811f1a83fe84dcd0bf6af/View/FullText.html?transitionType=Default&contextData=%28sc.Default%29Wed, 27 May 2026 00:00:00 CDTA post-implementation review of the Companies (Directors' Report) and Limited Liability Partnerships (Energy and Carbon Report) Regulations 2018 has been published.https://uk.practicallaw.thomsonreuters.com/Document/I66385ce059b811f1a83fe84dcd0bf6af/View/FullText.html?transitionType=Default&contextData=%28sc.Default%29https://uk.practicallaw.thomsonreuters.com/Document/I1845e498536d11f1bf8d82e776af4c9e/View/FullText.html?transitionType=Default&contextData=%28sc.Default%29https://uk.practicallaw.thomsonreuters.com/Document/I1845e498536d11f1bf8d82e776af4c9e/View/FullText.html?transitionType=Default&contextData=%28sc.Default%29Thu, 21 May 2026 00:00:00 CDTOn 19 May 2026, the government presented its Commercial Payments Bill to Parliament. The Bill will introduce a 60-day cap on payment terms for all large firms paying smaller suppliers and introduce mandatory interest on late payments (at 8% above the Bank of England base rate). It will also prohibit withholding retention payments under construction contracts. The Bill will give the Small Business Commissioner more powers to investigate poor payment practices and late payers and to take enforcement action against persistent late payers, including issuing financial penalties.https://uk.practicallaw.thomsonreuters.com/Document/I1845e498536d11f1bf8d82e776af4c9e/View/FullText.html?transitionType=Default&contextData=%28sc.Default%29https://uk.practicallaw.thomsonreuters.com/Document/I982ef68d54ee11f1bf8d82e776af4c9e/View/FullText.html?transitionType=Default&contextData=%28sc.Default%29https://uk.practicallaw.thomsonreuters.com/Document/I982ef68d54ee11f1bf8d82e776af4c9e/View/FullText.html?transitionType=Default&contextData=%28sc.Default%29Thu, 21 May 2026 00:00:00 CDTWe have published a new ESG Outlook Spring-Summer 2026 practitioner insights article.https://uk.practicallaw.thomsonreuters.com/Document/I982ef68d54ee11f1bf8d82e776af4c9e/View/FullText.html?transitionType=Default&contextData=%28sc.Default%29https://uk.practicallaw.thomsonreuters.com/Document/I78805bfc541c11f1bf8d82e776af4c9e/View/FullText.html?transitionType=Default&contextData=%28sc.Default%29https://uk.practicallaw.thomsonreuters.com/Document/I78805bfc541c11f1bf8d82e776af4c9e/View/FullText.html?transitionType=Default&contextData=%28sc.Default%29Wed, 20 May 2026 00:00:00 CDTThe Financial Reporting Council has published its annual report for 2025/26 on structured digital reporting in annual financial reports.https://uk.practicallaw.thomsonreuters.com/Document/I78805bfc541c11f1bf8d82e776af4c9e/View/FullText.html?transitionType=Default&contextData=%28sc.Default%29https://uk.practicallaw.thomsonreuters.com/Document/I9d223311539611f1bf8d82e776af4c9e/View/FullText.html?transitionType=Default&contextData=%28sc.Default%29https://uk.practicallaw.thomsonreuters.com/Document/I9d223311539611f1bf8d82e776af4c9e/View/FullText.html?transitionType=Default&contextData=%28sc.Default%29Tue, 19 May 2026 00:00:00 CDTThe Financial Services Regulatory Initiatives Forum has published the tenth edition of its Regulatory Initiatives Grid.https://uk.practicallaw.thomsonreuters.com/Document/I9d223311539611f1bf8d82e776af4c9e/View/FullText.html?transitionType=Default&contextData=%28sc.Default%29https://uk.practicallaw.thomsonreuters.com/Document/Idd213754503b11f1bf8d82e776af4c9e/View/FullText.html?transitionType=Default&contextData=%28sc.Default%29https://uk.practicallaw.thomsonreuters.com/Document/Idd213754503b11f1bf8d82e776af4c9e/View/FullText.html?transitionType=Default&contextData=%28sc.Default%29Fri, 15 May 2026 00:00:00 CDTThe draft Register of Overseas Entities (Protection and Trusts) and Limited Liability Partnerships (Application of Company Law) (Amendment) Regulations 2026 have been withdrawn.https://uk.practicallaw.thomsonreuters.com/Document/Idd213754503b11f1bf8d82e776af4c9e/View/FullText.html?transitionType=Default&contextData=%28sc.Default%29https://uk.practicallaw.thomsonreuters.com/Document/I2ca77a994ebb11f18619811f89168d29/View/FullText.html?transitionType=Default&contextData=%28sc.Default%29https://uk.practicallaw.thomsonreuters.com/Document/I2ca77a994ebb11f18619811f89168d29/View/FullText.html?transitionType=Default&contextData=%28sc.Default%29Wed, 13 May 2026 00:00:00 CDTOn 13 May 2026, the King's Speech was delivered, setting out the government's legislative agenda for the next Parliamentary session, including the Small Business Protections (Late Payments) Bill and Competition Reform Bill.https://uk.practicallaw.thomsonreuters.com/Document/I2ca77a994ebb11f18619811f89168d29/View/FullText.html?transitionType=Default&contextData=%28sc.Default%29https://uk.practicallaw.thomsonreuters.com/Document/I1fa03d9e496311f1bf8d82e776af4c9e/View/FullText.html?transitionType=Default&contextData=%28sc.Default%29https://uk.practicallaw.thomsonreuters.com/Document/I1fa03d9e496311f1bf8d82e776af4c9e/View/FullText.html?transitionType=Default&contextData=%28sc.Default%29Thu, 07 May 2026 00:00:00 CDTIn Lux Films Ltd v Fowler and another [2026] EWHC 963 (KB), the High Court held that the criminal law principle that a sole director cannot conspire with their own company did not apply by analogy to the civil tort of unlawful means conspiracy. The decisive question was whether there was evidence of concerted action between two legal persons, not whether there were two independent psychological actors. Where a director acted in one capacity to procure unlawful conduct and in another caused the company to receive and exploit its fruits, the requirement of combination was satisfied.https://uk.practicallaw.thomsonreuters.com/Document/I1fa03d9e496311f1bf8d82e776af4c9e/View/FullText.html?transitionType=Default&contextData=%28sc.Default%29https://uk.practicallaw.thomsonreuters.com/Document/Id15a6d3a492411f1bf8d82e776af4c9e/View/FullText.html?transitionType=Default&contextData=%28sc.Default%29https://uk.practicallaw.thomsonreuters.com/Document/Id15a6d3a492411f1bf8d82e776af4c9e/View/FullText.html?transitionType=Default&contextData=%28sc.Default%29Thu, 07 May 2026 00:00:00 CDTIn Veranova Bidco LP v Johnson Matthey Plc [2026] EWHC 1021 (Comm), the High Court dismissed a buyer's claim for fraudulent breach of warranty arising from a share purchase agreement (SPA) relating to the sale of a pharmaceutical business. Although the court found that one of the warranties in the SPA had been breached and was inadequately qualified by disclosure, it held that the buyer failed to establish fraud against any of four senior executives whose states of mind were attributed to the corporate seller.https://uk.practicallaw.thomsonreuters.com/Document/Id15a6d3a492411f1bf8d82e776af4c9e/View/FullText.html?transitionType=Default&contextData=%28sc.Default%29https://uk.practicallaw.thomsonreuters.com/Document/I5acd59a4495511f1bf8d82e776af4c9e/View/FullText.html?transitionType=Default&contextData=%28sc.Default%29https://uk.practicallaw.thomsonreuters.com/Document/I5acd59a4495511f1bf8d82e776af4c9e/View/FullText.html?transitionType=Default&contextData=%28sc.Default%29Wed, 06 May 2026 00:00:00 CDTThe European Commission published two draft delegated acts for consultation that relate to standards for sustainability reporting under the Accounting Directive (2013/34/EU) as introduced by the Corporate Sustainability Reporting Directive 2022 ((EU) 2022/2464) (CSRD), on 6 May 2026.https://uk.practicallaw.thomsonreuters.com/Document/I5acd59a4495511f1bf8d82e776af4c9e/View/FullText.html?transitionType=Default&contextData=%28sc.Default%29https://uk.practicallaw.thomsonreuters.com/Document/Iad334d87453c11f1bf8d82e776af4c9e/View/FullText.html?transitionType=Default&contextData=%28sc.Default%29https://uk.practicallaw.thomsonreuters.com/Document/Iad334d87453c11f1bf8d82e776af4c9e/View/FullText.html?transitionType=Default&contextData=%28sc.Default%29Fri, 01 May 2026 00:00:00 CDTThe Company Directors (Duties) Bill has failed to complete its passage through Parliament before the end of the Parliamentary session.https://uk.practicallaw.thomsonreuters.com/Document/Iad334d87453c11f1bf8d82e776af4c9e/View/FullText.html?transitionType=Default&contextData=%28sc.Default%29https://uk.practicallaw.thomsonreuters.com/Document/I060fff24454411f1bf8d82e776af4c9e/View/FullText.html?transitionType=Default&contextData=%28sc.Default%29https://uk.practicallaw.thomsonreuters.com/Document/I060fff24454411f1bf8d82e776af4c9e/View/FullText.html?transitionType=Default&contextData=%28sc.Default%29Fri, 01 May 2026 00:00:00 CDTThe Takeover Panel has published Instrument 2026/1, in which it amends the Introduction to the Code to alter the list of bodies entitled to make appointments to the Panel and makes other minor amendments to the Code.https://uk.practicallaw.thomsonreuters.com/Document/I060fff24454411f1bf8d82e776af4c9e/View/FullText.html?transitionType=Default&contextData=%28sc.Default%29https://uk.practicallaw.thomsonreuters.com/Document/I542b14a0440111f1bf8d82e776af4c9e/View/FullText.html?transitionType=Default&contextData=%28sc.Default%29https://uk.practicallaw.thomsonreuters.com/Document/I542b14a0440111f1bf8d82e776af4c9e/View/FullText.html?transitionType=Default&contextData=%28sc.Default%29Thu, 30 Apr 2026 00:00:00 CDTPractical Law provides free training on how to use Practical Law more effectively. This is available in a variety of formats, including live webinars and training videos.https://uk.practicallaw.thomsonreuters.com/Document/I542b14a0440111f1bf8d82e776af4c9e/View/FullText.html?transitionType=Default&contextData=%28sc.Default%29https://uk.practicallaw.thomsonreuters.com/Document/I5ab1cc7d437511f18619811f89168d29/View/FullText.html?transitionType=Default&contextData=%28sc.Default%29https://uk.practicallaw.thomsonreuters.com/Document/I5ab1cc7d437511f18619811f89168d29/View/FullText.html?transitionType=Default&contextData=%28sc.Default%29Wed, 29 Apr 2026 00:00:00 CDTThe FCA has published issue 85 of Market Watch, in which it discusses how the Economic Crime and Corporate Transparency Act 2023 (ECCTA) can assist firms in sharing customer information to combat economic crime.https://uk.practicallaw.thomsonreuters.com/Document/I5ab1cc7d437511f18619811f89168d29/View/FullText.html?transitionType=Default&contextData=%28sc.Default%29https://uk.practicallaw.thomsonreuters.com/Document/I840eda0e43a311f1bf8d82e776af4c9e/View/FullText.html?transitionType=Default&contextData=%28sc.Default%29https://uk.practicallaw.thomsonreuters.com/Document/I840eda0e43a311f1bf8d82e776af4c9e/View/FullText.html?transitionType=Default&contextData=%28sc.Default%29Wed, 29 Apr 2026 00:00:00 CDTIn ETL Holdings (UK) Ltd v Munn [2026] EWHC 860 (Ch), in assessing damages for breach of warranty in a share purchase agreement, the High Court found that the subsequent compromise of an undisclosed debt by the target company and its forfeiture of the defendants' remaining shares to partly satisfy a breach of duty claim against the first defendant were not contingencies reducing the claimant's loss at the date of breach..https://uk.practicallaw.thomsonreuters.com/Document/I840eda0e43a311f1bf8d82e776af4c9e/View/FullText.html?transitionType=Default&contextData=%28sc.Default%29https://uk.practicallaw.thomsonreuters.com/Document/I2d6534dc42ef11f1bf8d82e776af4c9e/View/FullText.html?transitionType=Default&contextData=%28sc.Default%29https://uk.practicallaw.thomsonreuters.com/Document/I2d6534dc42ef11f1bf8d82e776af4c9e/View/FullText.html?transitionType=Default&contextData=%28sc.Default%29Wed, 29 Apr 2026 00:00:00 CDTIn Hoffman v Finalto Group Ltd [2026] EWHC 921 (Comm), the High Court held that an equity term sheet created binding obligations to issue management equity despite no definitive documents having been agreed. The court also found that statements in a management warranty deed constituted actionable representations, despite non-reliance wording. The defendants' counterclaims for fraudulent misrepresentation failed.https://uk.practicallaw.thomsonreuters.com/Document/I2d6534dc42ef11f1bf8d82e776af4c9e/View/FullText.html?transitionType=Default&contextData=%28sc.Default%29https://uk.practicallaw.thomsonreuters.com/Document/I48068c273d8111f1a34ac71bb9879c27/View/FullText.html?transitionType=Default&contextData=%28sc.Default%29https://uk.practicallaw.thomsonreuters.com/Document/I48068c273d8111f1a34ac71bb9879c27/View/FullText.html?transitionType=Default&contextData=%28sc.Default%29Mon, 27 Apr 2026 00:00:00 CDTKathryn Cearns OBE has written a new question for an accountant relating to the accounting treatment and distributable profit requirements for scrip dividends.https://uk.practicallaw.thomsonreuters.com/Document/I48068c273d8111f1a34ac71bb9879c27/View/FullText.html?transitionType=Default&contextData=%28sc.Default%29https://uk.practicallaw.thomsonreuters.com/Document/I2bb23b333ffa11f1a34ac71bb9879c27/View/FullText.html?transitionType=Default&contextData=%28sc.Default%29https://uk.practicallaw.thomsonreuters.com/Document/I2bb23b333ffa11f1a34ac71bb9879c27/View/FullText.html?transitionType=Default&contextData=%28sc.Default%29Mon, 27 Apr 2026 00:00:00 CDTThe FCA has published Primary Market Bulletin 63.https://uk.practicallaw.thomsonreuters.com/Document/I2bb23b333ffa11f1a34ac71bb9879c27/View/FullText.html?transitionType=Default&contextData=%28sc.Default%29https://uk.practicallaw.thomsonreuters.com/Document/Iebef96c3422711f1bf8d82e776af4c9e/View/FullText.html?transitionType=Default&contextData=%28sc.Default%29https://uk.practicallaw.thomsonreuters.com/Document/Iebef96c3422711f1bf8d82e776af4c9e/View/FullText.html?transitionType=Default&contextData=%28sc.Default%29Mon, 27 Apr 2026 00:00:00 CDTThe FCA has published Consultation Paper, Changes to information flows for UK equity IPOs (CP26/14).https://uk.practicallaw.thomsonreuters.com/Document/Iebef96c3422711f1bf8d82e776af4c9e/View/FullText.html?transitionType=Default&contextData=%28sc.Default%29https://uk.practicallaw.thomsonreuters.com/Document/Ic7c4e1403fcd11f1839deddf1c806e4b/View/FullText.html?transitionType=Default&contextData=%28sc.Default%29https://uk.practicallaw.thomsonreuters.com/Document/Ic7c4e1403fcd11f1839deddf1c806e4b/View/FullText.html?transitionType=Default&contextData=%28sc.Default%29Fri, 24 Apr 2026 00:00:00 CDTOn 24 April 2026, the FCA published Handbook Notice 140 which sets out, among other things, amendments that have been made to the UKLR and Glossary of definitions by the UK Listing Rules (Admission to Listing: Processes and Procedures) Instrument 2026, the UK Listing Rules (Amendment) Instrument 2026 and the UK Listing Rules (Miscellaneous Amendments) Instrument 2026.https://uk.practicallaw.thomsonreuters.com/Document/Ic7c4e1403fcd11f1839deddf1c806e4b/View/FullText.html?transitionType=Default&contextData=%28sc.Default%29https://uk.practicallaw.thomsonreuters.com/Document/I721df2ba3eea11f1839deddf1c806e4b/View/FullText.html?transitionType=Default&contextData=%28sc.Default%29https://uk.practicallaw.thomsonreuters.com/Document/I721df2ba3eea11f1839deddf1c806e4b/View/FullText.html?transitionType=Default&contextData=%28sc.Default%29Thu, 23 Apr 2026 00:00:00 CDTThe draft Register of Overseas Entities (Protection and Trusts) and Limited Liability Partnerships (Application of Company Law) (Amendment) Regulations 2026 have been published.https://uk.practicallaw.thomsonreuters.com/Document/I721df2ba3eea11f1839deddf1c806e4b/View/FullText.html?transitionType=Default&contextData=%28sc.Default%29https://uk.practicallaw.thomsonreuters.com/Document/I0658f0ed2de811f1a34ac71bb9879c27/View/FullText.html?transitionType=Default&contextData=%28sc.Default%29https://uk.practicallaw.thomsonreuters.com/Document/I0658f0ed2de811f1a34ac71bb9879c27/View/FullText.html?transitionType=Default&contextData=%28sc.Default%29Thu, 09 Apr 2026 00:00:00 CDTIn The Wine Enterprise Investment Scheme Ltd (in liquidation) v Crowe UK LLP [2026] EWHC 692 (Ch), the High Court held that an auditor owed no duty to report suspected fraud directly to individual shareholders, and refused the company permission to amend its pleadings to advance that case, finding it had no real prospect of success. Although the company recovered a limited sum for auditor negligence, most of its claim failed on causation because the company was controlled by allegedly dishonest directors, so reporting concerns to the company would not realistically have prevented the loss.https://uk.practicallaw.thomsonreuters.com/Document/I0658f0ed2de811f1a34ac71bb9879c27/View/FullText.html?transitionType=Default&contextData=%28sc.Default%29