ARCHIVED: This Practice Note has been archived and is not maintained. This Practice Note provides a starting point to assist firms with planning and implementing a London Interbank Offered Rate (LIBOR) transition project. It provides some background on the FCA’s role in LIBOR transition and how it is helping firms prepare, before discussing in more detail key issues raised by UK regulators. This is followed by a checklist setting out a number of key LIBOR impact areas that firms will need to investigate and address as well as points to consider when doing so. It should be considered as a starting point and should be read in the context of each firm’s particular operations and LIBOR exposure and be tailored and adjusted appropriately. Practice Note: LIBOR transition [Archived] provides a more general explanation of the issues surrounding LIBOR transition, as well as explanation of commonly used terms. The LIBOR developments tracker sets out developments relating to the transition away from LIBOR to risk-free

The people who serve on the governing body of a charity are responsible for the general management and control of the administration of the charity. They are commonly referred to as the 'charity trustees' but may equally be known as the trustees, directors, board members, governors or committee members. A charity trustee's responsibilities are broadly the same whatever they are called. However, the exact legal position will differ depending on whether the charity is incorporated or unincorporated. The trustees have, and must accept ultimate responsibility for directing the affairs of a charity, and ensuring it is solvent, well-run and delivering charitable outcomes for the benefit of the public for which it has been set up. The duty of care Section 1 of the Trustee Act 2000 (TrA 2000, s 1) sets out a statutory duty of care which applies to trustees of charitable trusts when exercising specific powers: 1) Whenever the duty under this subsection applies to a trustee, he must exercise such care and skill as is reasonable in the circumstances, having regard in particular: a) to any

This Practice Note sets out some practical considerations for both trustees (and sponsoring employers) in operating a defined benefit (DB) pension scheme which has been closed to future accrual of benefits, ie has no 'active' members building up pensionable service in the scheme. This Practice Note does not cover the act of closure itself, nor the considerations leading up to a decision to operate a closed scheme rather than to wind it up. This Practice Note also does not cover the process of winding up a scheme or running a scheme in preparation for entry into the Pension Protection Fund (PPF). For further information on these areas, see Practice Notes: • Closing a pension scheme to future accrual—trustee considerations • Closing a pension scheme to future accrual—employer considerations • Trustee decisions and the Pension Protection Fund • Winding up a defined benefit (DB) occupational pension scheme The first step of closing a scheme is often (but not necessarily) to close to new members while allowing accrual to continue for existing

Arbitration analysis: Sport arbitration has long been characterised by the need for expedited resolution of disputes, with its ad hoc proceedings being specifically designed to resolve on-site urgent disputes during major sporting events within a matter of hours. Against that background, in a decision dated 23 January 2026, the Swiss Federal Supreme Court annulled the award concerning Jordan Chiles’ Olympic bronze medal and remitted the dispute to the Court of Arbitration for Sport (CAS) for a new decision taking into account newly discovered audiovisual evidence. Jordan Chiles’ case arose in wholly exceptional circumstances, with CAS ad hoc proceedings conducted under extreme temporal constraints inherent in Olympic arbitration. The case illustrates how procedural urgency may affect the assessment of diligence, newly discovered evidence and procedural fairness in expedited arbitral proceedings. The Federal Court adopted a nuanced approach, considering severe notification failures attributable to CAS and deficiencies in the Federation Internationale de Gymnastique (FIG) system for verifying compliance with its own rules. The decision therefore provides important guidance for arbitration practitioners dealing with expedited proceedings and newly discovered evidence within the meaning of Art. 190a para. 1 let. a Swiss Private International Law Act (PILA). Written by Carola Carrannante, independent legal practitioner (sports law and international arbitration).

A right or obligation “running with the land” is one that binds successive owners or occupiers of a property, rather than remaining personal to the original parties. In practice, it means that a benefit or burden automatically attaches to the land itself and passes on sale, inheritance or other transfer.Across the UK and Ireland, the concept most commonly arises in relation to restrictive and positive covenants, easements and servitudes, and certain real burdens and profits. Whether a right or obligation runs with the land depends on its nature (proprietary or merely personal), statutory requirements and case law tests on intention, notice/registration and “touch and concern” of the land.In England and Wales and Northern Ireland, covenants and easements that meet the relevant common law and Land Registration Act or Land Registration order requirements can run with the land. In Scotland, similar ideas are expressed through real rights such as real burdens and servitudes. In Ireland, the doctrine applies to covenants and easements under common law and registration legislation. Practitioners must check creation, registration and enforceability to confirm that a right or obligation truly runs with the land.

The current income from an asset divided by its price.

The Runnymede Trust have published an article concerning a scandal where the Home Office in 2014 accused approximately 56,000 international students of cheating on their English-language tests. This was roughly 97% of all the students taking the test between 2011 and 2014. Of these, around 35,000 were stripped of their right to study and 10,000 were deported or forced to leave the country. The article claims there is no realistic way that 97% of students would have cheated and that believing IT systems over the individual right to be innocent until proven guilty is manifestly unjust. This has resulted in a group-action lawsuit, for which the verdict has yet to be given.

The Runnymede Trust has published a report titled ‘a hostile environment: Language, race, politics and the media’ which looks at the negative treatment of immigrants in the UK by the press and politicians in Parliament, before and after the commencement of the ‘hostile environment’ policy by the Conservative government of Theresa May in May 2012. The report found that between 2010 and 2014, migrants were continually portrayed in the context of crime and illegality with the word ‘illegal’ being most associated with ‘(im)migrants’ in both news reports and parliamentary debates before and after May 2012. The report highlights that the term '(im)migrants' predominantly referred to people of colour and ethnically minoritised groups in news reports both before and after May 2012, cementing characterisations of these communities as dangerous outsiders. Furthermore, the report identified that migrants are often depicted as being ‘too many’ in number with terms like ‘mass’ ‘many,’ and ‘thousands’ frequently linked to ‘(im)migration’ and ‘(im)migrants’ in news reports and parliamentary debates. Finally the report asserts that a distinctive characteristic of UK’s ‘hostile environment’ is its ‘deputisation’ of ordinary citizens to enforce Immigration Rules which has led to widespread discrimination in various aspects of daily life, including housing and education.

Land where alternate ridges or intermixed areas of a field have different proprietors.

Law360, London: A London judge on 10 July 2025 approved Russianaluminium giant Rusal to serve a claim on Russian oligarch Roman Abramovich via his lawyers over alleged breaches of an agreement setting out the governance of a Russian mining company.

Unedited footage usually screened at the end of a day’s filming.

The Russell Group has published the results of a poll on the value that international students bring to the UK. The survey of 1,064 adults aged 18 and over living in the UK found that the majority of respondents recognised the positive contribution of international students and those who stay to work on the Graduate route visa. Those surveyed recognised the economic value of international students, and noted that the government should be focusing on illegal immigration rather than reducing international student numbers.