ARCHIVED: This Practice Note has been archived and is not maintained. This Practice Note considers the process of stabilisation prior to 3rd July 2016 (the date on which the Market Abuse Regulation came into force), including the potential offences that may have arisen when carrying out stabilisation and the safe harbour defences that were available, along with the requirements of the Buy-back and Stabilisation Regulation and the Financial Conduct Authority's (FCA) price stabilising rules set out in the FCA's Market Conduct Sourcebook (MAR). For details on the process of stabilisation from 3 July 2016 see Practice Note: Stabilisation—from 3 July 2016 (Market Abuse Regulation). This note and related notes on aspects of the pre-Market Abuse Regulation UK stabilisation regime have been retained for reference purposes and state the law as at 2 July 2016. When equity securities are offered to the public by way of an initial public offer (IPO) or a secondary offer, care is taken to set the offer price at a level which reflects genuine market demand. One of the

1 What’s the issue? 1.1 The Serious Crime Act 2015 (SCA 2015) contains an offence of participating in the activities of an organised crime group. 1.2 Participation 1.2.1 Taking part in any activities that you know or reasonably suspect: (a) are criminal activities of an organised crime group; or (b) will help an organised crime group to carry on criminal activities. 1.3 Criminal activities 1.3.1 Activities that constitute crimes attracting a maximum sentence of seven years or more (eg drug or human trafficking, firearms offences, fraud, child exploitation and cybercrime). 1.3.2 The criminal activities must be carried on with a view to obtaining a gain or benefit (whether direct or indirect), but the gain or benefit does not have to be financial in nature. 1.4 Organised crime group 1.4.1 An organised crime group

Personal Injury analysis: A ruling that a solicitor’s agent did not have a right of audience at Stage 3 hearings is explained by barrister Andrew McGee, of Kings Chambers.

This Practice Note provides practical guidance of the stages in a typical countervailing investigation. It covers guidance on all the stages from the application to the final determination in the investigation. Introduction There are many stages in a countervailing investigation. This Practice Note provides guidance on these stages as set out in the Agreement on Subsidies and Countervailing Measures. National differences may occur depending on the practices of the relevant investigation authority. The flow chart of these stages is provided below and directly below that practice guidance on each of these stages are provided. Submission of written complaint Normally, an investigating authority will only initiate a countervailing investigation if a written complaint (application) has been submitted by the affected domestic industry. For our guidance on the requirements of such an application as well as the requirement that the investigating authority must review the accuracy and adequacy of the information in the application prior to initiation, see Practice Note: An introduction to the Agreement on Subsidies and Countervailing Measures. It is also possible, in special

This flowchart sets out the different steps in applying for a

Introduction This Practice Note provides practical guidance of the stages in typical anti-dumping investigation. It covers guidance on all the stages from the application to the final determination in the investigation. Anti-dumping investigations consist of many steps or stages. The flow chart of these stages is provided below and directly below that we provide practice guidance on each of these stages . Application for investigation Usually investigating authorities will only initiate an anti-dumping duty application if an application has been made by the affected domestic industry. For guidance hereon, please see Practice Notes: An introduction to anti-dumping duties and How to apply for an anti-dumping investigation. It is however possible for the investigating authority to initiate an anti-dumping investigation without having received a written application by the domestic industry. This usually only happens in special circumstances. For the investigating authority to justify a self-initiated anti-dumping investigation, the investigating authority must have sufficient information on dumping, injury and the causal link between dumping and injury. Specifically, the investigating authority must have information on:

This Practice Note describes the key stages of a buy-out from the start of the sales process to syndication of the facilities. Commencing the sale process Once the seller has decided to sell a business, it will start the sale process by preparing an information memorandum (IM) containing detailed information about the target company's business. This may include drawing up a business plan in conjunction with management. The seller will then distribute the IM to potential purchasers. Prior to making an offer, any potential buyer is likely to: • carry out initial due diligence • try to line up debt finance for the acquisition, and • try to enlist the support of the existing management team, or line up a new team of their own If the sale is to be by way of management buy-out (MBO), the management team will approach the seller with its proposal. Auction Sales of businesses are often conducted by way of auction, particularly in markets where there is significant competition among buyers.

This Practice Note sets out the stages of a summary trial in the magistrates’ court. It examines the procedure as governed by the Criminal Procedure Rules 2025 (CrimPR 2025), SI 2025/909 and the different roles of the prosecution and defence. A summary trial in the magistrates’ court is heard by either magistrates or a district judge. The first stage in the summary trial process is for the defendant to confirm whether they are pleading guilty or not guilty. This is a requirement of CrimPR 2025, SI 2025/909. If a not guilty plea was taken on a previous occasion, the justices' legal adviser or the court must ask the defendant to confirm that plea at the start of trial. If the defendant changes their plea to guilty on the day of trial then the court can proceed straight to sentencing or adjourn for sentencing. Before the trial hearing can commence, the court is duty bound to consider whether any reporting restrictions or other orders to withhold information from the public need to be made or amended.

This Flowchart shows the various stages and steps that the parties are expected to take before the commencement of proceedings, in compliance with the Pre-Action

This Practice Note sets out the key stages of the mediation process, including pre-mediation meetings with the client and mediator, joint sessions with all parties, opening presentations, private meetings during the mediation, possible settlement at the mediation and issues arising after the mediation. Before the mediation For information on practical arrangements for the mediation, such as arranging the venue, timing and attendees, see Practice Note: Organising a mediation. Pre-mediation meetings—lawyer and client It is best practice for you to meet with the client(s), and where appropriate for counsel or experts to meet, before the mediation to agree tactics and the role each attendee should have at the mediation, though this may have to be flexible depending on how the mediation progresses. It is sometimes helpful if the client will take on a leading role in the mediation and make the opening presentations as it can be more persuasive than the lawyers making them and it can feel more natural. It is frequently the case that the mediator will invite the clients to add a statement after their

The acquisition of shares in an offeree by a potential offeror to build up a position. Stakebuilding exercises must be carefully coordinated as there may be legal or regulatory consequences in purchasing shares before or during an offer period. These potentially include setting the minimum offer price and dictating the nature of the consideration to be offered. See further: Dealings in shares—prior to and during an offer—Impact of Code provisions on permitted dealings.

This Practice Note provides guidance on the interpretation and application of the relevant provisions of the CPR. Depending on the court in which your matter is proceeding, you may also need to be mindful of additional provisions—see further below. This Practice Note considers stakeholder applications where a person under a liability to two or more parties can apply to court for directions as to which party to pay or to give goods or assets to under CPR 86. Where the stakeholder is subject to such competing claims then they can make an application to court under CPR 86.2 for a direction as to whom they should pay a debt or money or give any goods or chattels. When do the CPR 86 stakeholder provisions apply? CPR 86 applies where (CPR 86.1(1)): • a person is under a liability in respect of a debt or in respect of any money, goods or chattels, and • competing claims are made or expected to be made against that person in respect of that debt or money or for those goods