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Connections Reform in Great Britain: A new queue on the horizon? The National Energy System Operator’s (NESO) Connections Reform programme has been in planning and implementation for some time, and on the current timeframes, it is anticipated that the first Gate 2 outcomes will be known before the end of the year.... The Legal 500: Blockchain & Crypto Assets Comparative Guide 2025 - UK chapter The Blockchain Country Comparative Guide aims to provide an overview of the law and practice of blockchain law across a variety of jurisdictions. This chapter relates to UK law. 1. Please provide a high-level overview of the blockchain market in your... Non-Executive Director Remuneration update The Financial Reporting Council (“FRC”) recently published updated guidance on how UK-listed companies can remunerate their non-executive directors (“NEDs”) using shares in the company that engages them. This update forms part of a broader regulatory... Competition and Regulatory Newsletter: European Court of Justice clarifies boundaries around disclosing leniency statements The European Court of Justice has clarified key questions around the protection afforded to leniency statements and settlement submissions under EU law – specifically, whether such documents can be shared with national prosecutors in criminal proceedings,... The contract prevails: Supreme Court confirms there is no principle of deemed fulfilment of conditions precedent under English law The Supreme Court in King Crude Carriers & Ors v Ridgebury November & Ors has unanimously overturned the Court of Appeal and settled a long-debated point in English contract law, holding that the principle of ‘deemed fulfilment’ of conditions... Poundland - a pre-arranged restructuring plan Slaughter and May advised leading pan-European discount retailer Pepco Group N.V. on the successful sale and follow-on restructuring of Poundland Limited. This was a unique transaction where the restructuring, which was implemented through a UK Part 26A... Tax and the City Review - November 2025 In Dialog, the FTT considers whether a break fee paid by a target to a bidder was a capital sum derived from an asset taxable under TCGA 1992 s 22(1)(c). The FTT in Boulting concludes that a company purchase of own shares was for the benefit of a relevant... Aviva's equity release securitisation signals a new era for long-term RMBS The word “mortgage” comes from the Old French words “mort” meaning “death” and “gage” meaning “pledge”. Whilst we now think of a mortgage as a loan secured over real property with a pledge to repay over a long time period, there is an area of the... Key structuring aspects of a forward flow transaction Forward flows are relatively simple in concept, designed to provide originators with access to reliable committed funding without being directly exposed to the volatility of the capital markets, which in recent years have been challenging for originators... First time originator's guide to securitisation Originators can use securitisation to achieve a lower cost of funding than from other debt products and to remove securitised assets from their balance sheet. Securitisation plays an important role in facilitating liquidity and risk management,...