The following Risk & Compliance practice note Produced in partnership with Michael Potts of Byrne and Partners LLP provides comprehensive and up to date legal information covering:
IP COMPLETION DAY: 11pm (GMT) on 31 December 2020 marks the end of the Brexit transition/implementation period entered into following the UK’s withdrawal from the EU. At this point in time (referred to in UK law as ‘IP completion day’), key transitional arrangements come to an end and significant changes begin to take effect across the UK’s legal regime. This document contains guidance on subjects impacted by these changes. Before continuing your research, see Practice Note: What does IP day mean for Risk & Compliance?
The UK Government has legislated to permit a number of UK authorities to obtain search warrants to 'raid' a business premises.
The potential for a dawn raid to be executed against a company is an everyday reality for many businesses given the increasing criminalisation of business practices, more regulatory criminal offences and the proliferation of money laundering laws and regulations. The prospect of an intervention by the UK authorities has increased since the introduction of the Bribery Act 2010 and the new corporate offence of failure to prevent bribery. This offence will soon be mirrored by a corporate offence of failure to prevent tax evasion and the Government is considering whether to introduce a corporate offence of a failure to prevent economic crime and money laundering.
A dawn raid is an unexpected visit by the police and/or
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This Practice Note examines the doctrine of consideration and the key role it plays in English law in determining whether a contract is enforceable.A promise will only be capable of being contractually enforced if it is either made in a deed or made in exchange for something of value, known as
You may apply simplified customer due diligence (SDD) measures in relation to particular business relationships or transactions which you determine present a low risk of money laundering or terrorist financing, having taken into account:•your organisation-wide risk assessment—see Practice Note:
This Practice Note provides a high-level introduction to diversity and inclusion (D&I) and key reasons why it is important to law firms. Specific aspects of D&I are covered in more detail in Practice Notes:•The growing focus on diversity and inclusion (D&I) in law firms•Unconscious bias—law
This Practice Note considers the legal concept of mistake in contract law. It examines common mistake, mutual mistake, unilateral mistake, mistake as to identity and mistake as to the document signed (non est factum). It also considers the impact of each of these types of mistake on the contract and
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