STOP PRESS: A significant restructuring of the UK listing regime came into effect on 29 July 2024, which included the removal of the premium and standard listing segments and the creation of a single listing category for equity shares in commercial companies. The commercial companies category is heavily disclosure-based and sits alongside other listing categories, such as the shell companies, secondary listing and closed ended investment fund categories. A new UK Listing Rules sourcebook came into force to implement the changes and the previous Listing Rules sourcebook was revoked. For further information, see Practice Note: Reform of the UK listing regime—fundamentals. This Practice Note reflects the listing regime as it was prior to 29 July 2024. In addition, this Practice Note refers to an earlier version of the UK Corporate Governance Code, rather than the current version that was published on 22 January 2024. For further information, see Practice Note: The UK Corporate Governance Code. In additon, significant reforms to the UK prospectus regime came into force on 19 January 2026. The new

Where there has been a breach of contract for a contract of sale, the seller may sue the buyer for the price of the goods.

BREXIT: 11pm (GMT) on 31 December 2020 (‘IP completion day’) marked the end of the Brexit transition/implementation period entered into following the UK’s withdrawal from the EU. Following 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: Brexit and financial services: materials on the post-Brexit UK/EU regulatory regime [Archived]. Contracts and appointed representatives Chapter 12 of the Financial Conduct Authority (FCA)'s Supervision Manual (SUP 12) and the Financial Services and Markets Act 2000 (Appointed Representatives) Regulations 2001, SI 2001/1217 (Appointed Representatives Regulations) contain specific provisions on the contractual requirements which a firm (referred to as a principal) should adhere to when entering into contractual arrangements with an appointed representative (AR), introducer appointed representative, tied agent or EEA tied agent. Steps The following steps will assist in the process of assessing and appointing the services of an appointed representative and in the

This week's edition of Public Law weekly highlights includes expert analysis on the decisions in R (Luton Landlords & Letting Agents Ltd) v Luton BC concerning associational standing, and R (Allen) v Secretary of State for Justice, a prison transfer case, plus coverage of a review of the Windsor Framework, the resignation of a Treasury minister and updated guidance on contract valuation under the Procurement Act 2023. This edition further includes Brexit SIs and updates on Public procurement, Constitutional and administrative law, Judicial review, Equality and human rights and State security and intelligence.

This week's edition of Banking and Finance weekly highlights includes: (1) the Supreme Court decision in Providence v Hexagon looking at the termination provisions in the JCT Design and Build Contract 2016, (2) Companies House postpones ECCTA 2023 verification measures for those making filings until November 2026; and (3) PRA publishes final rules for Basel 3.1, with 1 January 2027 start date.

This week's edition of Banking and Finance weekly highlights includes: (1) Companies House updates ACSP identity verification standard guidance; (2) News Analysis in the Songa Product case where the Commercial Court overturned a London Maritime Arbitrators Association (LMAA) tribunal's interpretation of a Saleform 2012 ship sale contract; and (3) The Principles publish guidance on Climate Transition Bonds.

MLex: The European Commission’s justice and consumer department recently launched a new work stream related to artificial intelligence (AI) in contracting—a growing phenomenon in which machines make decisions without explicit human consent. Algorithmic-based contracts are increasingly used in various sectors, from supply chain management to finance, prompting discussions on how traditional contract law applies in the case of computer errors.

Law360: The Upper Tribunal (Tax and Chancery Chamber) has upheld a First-tier Tribunal (FTT) decision that a locum urologist's contract with a hospital qualifies as employment for tax and National Insurance contributions (NICs) purposes, despite an earlier decision misconstruing the nature of the arrangement.

The Home Office has published a tender notice under the Procurement Act 2023 for Home Office English Language Testing (HOELT) services, with an estimated contract value of £680m excluding VAT. The procurement seeks a fully managed remote testing service that provides secure English language testing at any location selected by customers, provided secure conditions are met.

The Joint Contracts Tribunal (JCT) has released the 2024 edition of its Measured Term Contract (MTC), alongside an associated guide. A reference copy of the JCT MTC 2024, along with the MTC Guide 2024, will shortly be available on Lexis+ Construction, under the Standard form construction contracts sub-topic ‘JCT contracts 2024'.

The general principle that a design and build contract will contain an implied fitness for purpose warranty (without express contractual provision to the contrary) has been rendered less clear by the Court of Appeal judgment in Trebor Bassett v ADT which upheld the first instance decision that there was no fitness for purpose obligation in respect of the supply of a 'system'.

Law360: The Supreme Court of Canada has affirmed the enforcement of an arbitral award in a dispute over a contract between aircraft manufacturer Bombardier Inc and Greece's Ministry of National Defence, saying a Canadian bank had to refuse payment to the beneficiary of a letter of credit because of fraud.