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Brexit—IP completion day impact on joint venture agreements [Archived]

Brexit—IP completion day impact on joint venture agreements [Archived] ARCHIVED: This Practice Note has been archived and is not maintained. At 11pm (UK time) on 31 January 2020 (exit day), the United Kingdom left the European Union in accordance with a ratified Withdrawal Agreement between the UK and the EU. From that point on, the UK has been regarded by the EU as a ‘third country’ that is not an EU Member State or a member of the European Free Trade Association (EFTA). During the Brexit implementation period which ran from exit day until 11pm UK time on 31 December 2020 (IP completion day), the key EU regulations effectively remained in place for Corporate lawyers (see Practice Note: The effect of Brexit on UK company law [Archived]), but as of IP completion day, certain changes were made to this picture. A number of the potential changes to UK corporate law outlined prior to IP completion day were due to take place if, prior to IP completion day, the UK...

Contents of the auditor's report—LLPs

Contents of the auditor's report—LLPs This Practice Note looks at the statutory requirements in Part 16 of the Companies Act 2006 (CA 2006) relating to the content of the auditor's report on the accounts and reports of an LLP as applied to limited liability partnerships (LLPs) by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008, SI 2008/1911. In relation to the need for an auditor's report, see Practice Note: When must an LLP’s accounts be audited? Auditor's report An LLP's auditor must make a report on the annual accounts of the LLP if copies of those annual accounts are, in accordance with the applicable statutory provisions, to be sent to the members during the auditor’s term of office. For further information on an auditor's duties and rights, see Practice Note: An auditor’s duties and rights. Annual accounts The auditor's report on an LLP's annual accounts must include: • an introduction identifying the annual accounts covered by it and the financial ...