ARCHIVED: The Tier 1 (Investor) visa was for high net worth individuals who could make a substantial investment in the UK. The route was closed without prior notice on 17 February 2022, meaning it cannot be accessed by new applicants. Those who have already been granted a visa in this route can continue to live and work in the UK on that basis. The facility for those who have held a Tier 1 Investor visa within the past 12 months to apply for entry clearance in this category from overseas still remains. Tier 1 Investor visa extension applications must be submitted before 17 February 2026 and settlement applications must be submitted before 17 February 2028. For further information, see: LNB News 17/02/2022 76. This Practice Note has been retained in archived form for historical interest. The rules for this visa category are contained in paragraphs 245E–245EF of Part 6A of the Immigration Rules and paragraphs 54–65SD of Appendix A of the Immigration Rules.

The energy industry comprises a range of sub-sectors including coal, oil, gas, renewable energy, hydroelectric, tidal and nuclear. This Practice Note is intended to give a broad overview of energy projects with the main focus being on renewable energy projects such as wind farms, biomass and solar projects. The UK is legally obliged by the Climate Change Act 2008, as amended by the Climate Change Act 2008 (2050 Target Amendment) Order 2019, SI 2019/1056, to ensure that the net UK carbon account for 2050 is at least 100% lower than the 1990 baseline. The government intends to achieve its targets through measures including increasing the production and use of energy from renewable sources. Wales has separate statutory emissions targets under the Environment (Wales) Act 2016. For more information, see Practice Note: Climate change—emissions targets, carbon budgets and net zero. The Department for Energy Security and Net Zero (DESNZ) is the UK government department responsible for energy security and net zero. The Energy Act 2011 introduced the Green Deal financing framework,

This Practice Note introduces the UK financial sanctions legal and regulatory framework as it applies to firms regulated by the Financial Conduct Authority (FCA) under the Financial Services and Markets Act 2000 (FSMA 2000) and to firms within the FCA’s supervisory scope such as e-money and payment firms (herein referred to as firms). It introduces FCA and Prudential Regulation Authority (PRA) regulatory requirements for firms and senior management relating to sanctions. It further considers the relationship between the anti-money laundering (AML)/counter-terrorist financing (CTF) framework and sanctions compliance, and FCA and Joint Money Laundering Steering Group (JMLSG) guidance relating to sanctions compliance and the scope and status of that guidance. This Practice Note addresses financial sanctions. Sanctions measures imposed by the UK government also include trade sanctions which prohibit the trade of certain goods from affected countries are relevant for financial services firms as they generally prohibit the provision of financial services in connection with the restricted trade. For further information on the FCA’s requirements on compliance with trade sanctions systems

Click the link below to download the training presentation. Contents • Key points • Tax for non-residents before 6 April 2025 • Income tax and non-residents • Non-residence under the SRT • Avoiding UK residence after coming to the UK • Staying non-resident after a period of residence • Table A: Ties required if individual was UK resident in one or more of the three

Definition and purpose of a Will In general terms, a Will is a document made in accordance with the formal requirements laid down by section 9 of the Wills Act 1837 (WA 1837), containing statements by the person making it with regard to the disposition of their property after their death. Wills may be distinguished from codicils which usually add to, vary, revive or revoke a Will previously made, and a person may have more than one Will (eg where they are disposing of their property in different countries). On a person's death, without a valid Will, the intestacy rules would apply. A Will is usually made for the purposes of: • revoking or altering any previous Will or other testamentary disposition • appointing executors (or executors and trustees) • appointing guardians for the testator's minor children • conferring additional powers on trustees • ensuring the testator's property is inherited by beneficiaries of their choosing Note that an intending testator cannot delegate to another the task of deciding how their property is willed. However, it is

Click the link below to download the training presentation. Contents • Wills—key concepts • Wills—challenging a Will • Capacity to make a Will • Executing a Will • Other precautions to ensure validity • Getting started on planning and drafting the Will • What to include in a Will • What else to include in a Will • Will drafting—further points to consider (over two slides) • If

This Practice Note provides practical guidance on the Appellate Body reviews of the World Trade Organization (WTO) panel decisions. It provides guidance on the Appellate Body, the composition of the Members of the Appellate Body and each division hearing a dispute. It also gives practical guidance on who may appeal, what aspects of a panel report may be appealed, how to appeal and who hears the appeal. It provides guidance on the steps in the appeal process as well as the relevant time-limits. Lastly it provides practical guidances of the outcome of the appeal, the adoption of the Appellate Body report and any recommendations by the Appellate Body. Introduction All disputes at the WTO start with consultations. If the dispute is not resolved, the dispute may then be adjudicated by the WTO panel established for the specific dispute. For practical guidance on the consultation process and dispute settlement at the panel stage, see Practice Note: Introduction to World Trade Organization Panel Dispute Settlement. Disputing Member States may have recourse to the Appellate

This Practice Note provides practical guidance on the World Trade Organization (WTO) dispute settlement at the panel stage. It provides guidance on the essential steps to be taken such as consultations and requesting, establishing and composing panels. It also provides guidance on any third-party rights, the functions of the panel, the panel’s working procedure, the panel’s report and the adoption of the report by the Dispute Settlement Board (DSB). Introduction The settlement of international trade disputes under the WTO is provided for under the Understanding on Rule and Procedures Governing the Settlement of Disputes (Dispute Settlement Understanding or DSU). For practical guidance on the WTO’s Dispute Settlement Understanding, see Practice Note: Introduction to the World Trade Organization Dispute Settlement. The WTO’s DSU is aimed at achieving a positive solution to a dispute. In this context it is also worth noting that prior to taking steps under the DSU, a complaining Member State must consider if taking any steps would be fruitful. Article 3.7 elaborates that a mutually agreed solution that is consistent

Three types of academy Many of the state-funded secondary schools in England are now academies. The Department for Education (DfE) regularly publishes a spreadsheet showing the total number of academies, with details of the schools that have converted or are in the process of doing so. There are no academies in Wales. Although the Academies Act 2010 (AcA 2010) does apply in Wales, the provisions for the creation and funding of new academies apply only in England. Academy schools are defined in AcA 2010, s 1A. Academy schools are technically defined as independent schools, but this independence is from the local authority for the area in which they are situated, and not from the state. An academy school can be: • a ‘special academy’ if it is organised to make special educational provision for pupils with special educational needs • an alternative provision (AP) academy, defined in the AcA 2010, s 1C. These are 'schools' (see section 4(1C) of the Education Act 1996 (EA 1996)) which

Share-based payments Companies normally need to record share-based payments as an expense in their profit and loss accounts—although less onerous requirements can apply for small and micro entities. This Practice Note provides a high level introduction to the accounting treatment of share-based payments. However, this is a complex area and specialist accounting advice should be obtained regarding the accounting impact of different types of share incentive schemes. For accounting purposes, share-based payments (SBPs) include: • share awards and share options, where the payment is made in the form of shares (referred to as equity-settled share based payments), and • phantom share awards, share appreciation rights (SARs) and other cash awards or cash payments where the amount paid is determined by reference to the value of the relevant shares (referred to as cash-settled share based payments) An SBP’s accounting treatment depends upon whether it is paid in shares or cash. If there is a choice as to whether the award will be settled in cash or shares then this can also have an accounting impact.

Produced in association with 4 Pump Court This Practice Note looks at common features of adjudication clauses in construction contracts, and the adjudication procedures set out in standard form construction contracts and in common adjudication rules, such as the Scheme for Construction Contracts (the Scheme) and industry bodies. Adjudication clauses in construction contracts Adjudication clauses most commonly appear in construction contracts, principally because the Housing Grants, Construction and Regeneration Act 1996 (HGCRA 1996) requires that all construction contracts provide for a compliant adjudication procedure. If the contract does not contain compliant adjudication provisions, the provisions in the Scheme for Construction Contracts (the Scheme) will apply (by virtue of the HGCRA 1996, s 108(5)). Generally, an adjudication clause sets out the procedure or rules which will apply if either party chooses to commence an adjudication. See Precedent: Adjudication clause—construction contracts. However, parties may include a clause that makes adjudication a mandatory step, rather than just an optional one. For example, under the NEC standard form contracts, adjudication is a mandatory step in the dispute resolution

This Practice Note provides an introduction to the concept of borderline products, how the regulatory status of such products is determined in the EU and UK and explores some of the key borderline issues. UK post-Brexit position in relation to EU law and judgments The UK regulatory framework for these products has originated from EU law. As a consequence of Brexit, the body of EU-derived laws has been preserved and converted into UK domestic law with effect on IP completion day (11 pm on 31 December 2020). Many principles and requirements derived from EU law have been maintained in UK domestic law, unless specific provisions stipulate otherwise. In addition, under the Ireland/Northern Ireland Protocol (ie the Windsor Framework), the EU law requirements apply in Northern Ireland (NI). As a consequence, guidance issued by the European Commission may still be relevant to interpret and implement them in the UK in relation to NI where equivalent guidance has not been provided by the Medicines and Healthcare Products Regulatory Agency (MHRA). Assimilated law is the name given to retained EU