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NEWS
The UK Jurisdiction Taskforce (UKJT) has published a legal statement on liability for artificial intelligence (AI) harms under English and Welsh private law, following a public consultation held between 14 January 2026 and 13 February 2026. The statement concludes that existing law—principally contract and negligence—can address AI harms without a bespoke regime. Contract governs liability within AI supply chains, while negligence applies where no contract exists. Foundation Model Developers are unlikely to face negligence liability for unforeseeable uses of general-purpose models, while professionals risk liability for negligent AI use or failure to use AI where a competent peer would have done so. Strict liability under the Consumer Protection Act 1987 applies only where AI is embedded in tangible products.
NEWS
The UK Jurisdiction Taskforce (UKJT), established by the LawtechUK panel, has published its legal statement on digital assets and English insolvency law. While the statement is not legally binding, it provides useful guidance on the general principles applicable to cryptoassets, distributed ledger technology, smart contacts and associated technologies under English insolvency law. The statement concludes, amongst other things, that digital assets fall within the definition of property in the Insolvency Act 1986 and that proprietary rights can be retained to digital assets held by insolvent estates. However, a valid statutory demand cannot yet, be served in respect of a debt of a digital asset.
NEWS
The report, prepared by the UK Jurisdiction Taskforce's Control Panel and published on 19 March 2026, provides technical, non-binding guidance for courts and legal practitioners on how digital assets are controlled in practice. The Panel was established at the invitation of the Lord Chancellor, following the Law Commission’s recognition that digital assets constitute a distinct ‘third category’ of property. The report emphasises that ‘control’ is a factual, functional concept, centred on the ability to exclude others, use and transfer an asset. It analyses various forms of control, including direct, multi-party, smart contract-based, delegated, and layered control, highlighting that real-world arrangements are often complex and overlapping. The report notes that the absence of a central operator and privacy-enhancing technologies may limit the effectiveness of traditional legal remedies. Overall, it points to a need for the law to develop incrementally in response to evolving technologies, with the courts adopting a flexible, context-specific approach focused on how control is in fact exercised in any given system.
GLOSSARY
See listing-authority'>United Kingdom Listing Authority.
PRACTICE NOTES
This Resource Note highlights relevant commentary, analysis and resources to assist with the interpretation of, and provide practical guidance on the application of, UKLR 5 of the UK Listing Rules which sets out the requirements for admission of equity shares to listing in the equity shares (commercial companies) category (also referred to as the commercial companies category). Materials covered in this Resource Note include, where relevant: • the Financial Conduct Authority (FCA) Handbook • FCA guidance in its Knowledge Base—Procedural notes and Technical notes (which constitute formal guidance and are binding on the FCA) • FCA consultation papers (CP), discussion papers (DP), policy statements (PS) and feedback statements (FS) • Primary Market Bulletins and other publications of the FCA • former UKLA technical and procedural notes and the UKLA's newsletter List!, where still relevant to the interpretation or application of a provision • assimilated EU legislation • EU Directives and EU Regulations, where relevant to interpretation of a provision • Lexis+® UK Practical Guidance and Lexis+® UK Legal Research resources UKLR
PRACTICE NOTES
This Resource Note highlights relevant commentary, analysis and resources to assist with the interpretation of, and provide practical guidance on the application of, UKLR 6 of the UK Listing Rules which sets out requirements with continuing application for a company listed in the equity shares (commercial companies) category (also referred to as the commercial companies category). Materials covered in this Resource Note include, where relevant: • the Financial Conduct Authority (FCA) Handbook • FCA guidance in its Knowledge Base—Procedural notes and Technical notes (which constitute formal guidance and are binding on the FCA) • FCA consultation papers (CP), discussion papers (DP), policy statements (PS) and feedback statements (FS) • Primary Market Bulletins and other publications of the FCA • former UKLA technical and procedural notes and the UKLA's newsletter List!, where still relevant to the interpretation or application of a provision • assimilated EU legislation • EU Directives and EU Regulations, where relevant to interpretation of a provision • Lexis+® UK Practical Guidance and Lexis+® Research resources UKLR 6—Setting the scene • What
PRACTICE NOTES
This Resource Note highlights relevant commentary, analysis and resources to assist with the interpretation of, and provide practical guidance on the application of, UKLR 7 of the UK Listing Rules which sets out the requirements for a company with equity shares listed in the equity shares (commercial companies) category in relation to significant transactions and reverse takeovers. Materials covered in this Resource Note include, where relevant: • the Financial Conduct Authority (FCA) Handbook • FCA guidance in its Knowledge Base—Procedural notes and Technical notes (which constitute formal guidance and are binding on the FCA) • FCA consultation papers (CP), discussion papers (DP), policy statements (PS) and feedback statements • Primary Market Bulletins and other publications of the FCA • former UKLA technical and procedural notes and the UKLA's newsletter List!, where still relevant to the interpretation or application of a provision • assimilated EU legislation • EU Directives and EU Regulations, where relevant to interpretation of a provision • Lexis+® UK Practical Guidance and Lexis+® UK Legal Research resources UKLR
PRACTICE NOTES
This Resource Note highlights relevant commentary, analysis and resources to assist with the interpretation of, and provide practical guidance on the application of, UKLR 8 of the UK Listing Rules which sets out requirements for a company listed in the equity shares (commercial companies) category (also referred to as the commercial companies category) in relation to related party transactions (RPT). Materials covered in this Resource Note include, where relevant: • the Financial Conduct Authority (FCA) Handbook • FCA guidance in its Knowledge Base—Procedural notes and Technical notes (which constitute formal guidance and are binding on the FCA) • FCA consultation papers (CP), discussion papers (DP), policy statements (PS) and feedback statements • Primary Market Bulletins and other publications of the FCA • former UKLA technical and procedural notes and the UKLA's newsletter List!, where still relevant to the interpretation or application of a provision • assimilated EU legislation • EU Directives and EU Regulations, where relevant to interpretation of a provision • Lexis+® UK Practical Guidance and Lexis+® Research resources UKLR 8—Setting the scene
NEWS
Private Client analysis: The UK Privy Council has ruled that judicial review proceedings challenging a notice to provide tax information issued pursuant to Jersey’s exchange of information laws do not engage article 6(1) ECHR (which protects the right to a fair and public hearing) (‘article 6’). As a result, the question of whether a Jersey law protecting authorities from liability for costs in proceedings relating to the exchange of information infringed article 6 did not arise. The Privy Council’s decision confirmed the relatively wide scope of the Ferrazzini principle (which provides that disputes relating to tax do not engage article 6 because they relate to the exercise of prerogative power). Whilst there are ways of challenging information notices, this decision demonstrates that any attempt to invoke the protections of article 6 within the context of such proceedings will not be fruitful. Written by Gideon Sanitt (partner at Macfarlanes LLP) and Victoria Braid (associate at Macfarlanes LLP).
NEWS
The Privy Council has concluded that an estoppel by deed may arise where the parties to the deed included a recital of a fact known by both of them at the time to be untrue, thus estopping one of them from subsequently seeking to controvert the agreed statement in an action on the deed.
NEWS
UK Research and Innovation (UKRI) has announced a new scheme under the Government Authorised Exchange (GAE) immigration route. The scheme is known as the Future Technology Research and Innovation (FTRI) visa scheme and will be available to international researchers and research interns who wish to carry out short-term work, research, or training placements in the UK. Applications for sponsors to register interest and obtain further information are now open.
NEWS
UK Research and Innovation (UKRI) has announced the launch of a £54m Global Talent Fund, funded by the Department for Science, Innovation and Technology (DSIT), to support the recruitment and relocation of international researchers to the UK. Grants will be awarded equally to 12 selected research organisations.