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PRECEDENTS
This Precedent wayleave is provided as an external link to The City of London Law Society’s Wayleave Agreement (the CLLS wayleave agreement). The CLLS wayleave agreement is designed to be used in respect of agreements granted
CLO
GLOSSARY
Collateralised loan obligation (CLO) is a security backed by a pool of loans granted by lenders to corporations.
GLOSSARY
Case Law On UNCITRAL Texts reporting system is database of key cases on the UNCITRAL Model Law, maintained by UNCITRAL.
PRACTICE NOTES
Brexit 11 pm (GMT) on 31 December 2020 marked the end of the Brexit transition/implementation period entered into following the UK’s withdrawal from the EU. At this point in time (referred to in UK law as ‘IP completion day’), key transitional arrangements came to an end and significant changes began to take effect across the UK’s legal regime. The Chemicals (Health and Safety) and Genetically Modified Organisms (Contained Use) (Amendment etc) (EU Exit) Regulations 2019 and the Chemicals (Health and Safety) and Genetically Modified Organisms (Contained Use) (Amendment etc) (EU Exit) Regulations 2020 The Chemicals (Health and Safety) and Genetically Modified Organisms (Contained Use) (Amendment etc) (EU Exit) Regulations 2019 and the Chemicals (Health and Safety) and Genetically Modified Organisms (Contained Use) (Amendment etc) (EU Exit) Regulations 2020 (together the Chemicals EU Exit Regulations) come into effect on IP completion day and contain provisions relating to the Classification, Labelling and Packaging of Substances and Mixtures. They make specific amendments to the regime necessary to ensure the proper continued functioning of this legislation, including establishing
PRACTICE NOTES
Brexit 11 pm (GMT) on 31 December 2020 marked the end of the Brexit transition/implementation period entered into following the UK’s withdrawal from the EU. At this point in time (referred to in UK law as ‘IP completion day’), key transitional arrangements came to an end and significant changes began to take effect across the UK’s legal regime. The Chemicals (Health and Safety) and Genetically Modified Organisms (Contained Use) (Amendment etc) (EU Exit) Regulations 2019 and the Chemicals (Health and Safety) and Genetically Modified Organisms (Contained Use) (Amendment etc) (EU Exit) Regulations 2020 The Chemicals (Health and Safety) and Genetically Modified Organisms (Contained Use) (Amendment etc) (EU Exit) Regulations 2019 and the Chemicals (Health and Safety) and Genetically Modified Organisms (Contained Use) (Amendment etc) (EU Exit) Regulations 2020 (together the Chemicals EU Exit Regulations) come into effect on IP completion date and contain provisions relating to Classification, Labelling and Packaging of Substances and Mixtures. They make specific amendments to the regime necessary to ensure the proper continued functioning of this legislation, including establishing a GB mandatory
PRACTICE NOTES
Brexit 11 pm (GMT) on 31 December 2020 marked the end of the Brexit transition/implementation period entered into following the UK’s withdrawal from the EU. At this point in time (referred to in UK law as ‘IP completion day’), key transitional arrangements came to an end and significant changes began to take effect across the UK’s legal regime. The Chemicals (Health and Safety) and Genetically Modified Organisms (Contained Use) (Amendment etc) (EU Exit) Regulations 2019 and the Chemicals (Health and Safety) and Genetically Modified Organisms (Contained Use) (Amendment etc) (EU Exit) Regulations 2020 The Chemicals (Health and Safety) and Genetically Modified Organisms (Contained Use) (Amendment etc) (EU Exit) Regulations 2019 and the Chemicals (Health and Safety) and Genetically Modified Organisms (Contained Use) (Amendment etc) (EU Exit) Regulations 2020 (together the Chemicals EU Exit Regulations) come into effect on IP completion day and contain provisions relating to Classification, Labelling and Packaging of Substances and Mixtures. They make specific amendments to the regime necessary to ensure the proper continued functioning
PRACTICE NOTES
Brexit 11 pm (GMT) on 31 December 2020 marked the end of the Brexit transition/implementation period entered into following the UK’s withdrawal from the EU. At this point in time (referred to in UK law as ‘IP completion day’), key transitional arrangements came to an end and significant changes began to take effect across the UK’s legal regime. The Chemicals (Health and Safety) and Genetically Modified Organisms (Contained Use) (Amendment etc) (EU Exit) Regulations 2019 and the Chemicals (Health and Safety) and Genetically Modified Organisms (Contained Use) (Amendment etc) (EU Exit) Regulations 2020 The Chemicals (Health and Safety) and Genetically Modified Organisms (Contained Use) (Amendment etc) (EU Exit) Regulations 2019 and the Chemicals (Health and Safety) and Genetically Modified Organisms (Contained Use) (Amendment etc) (EU Exit) Regulations 2020 (together the Chemicals EU Exit Regulations) come into effect on IP completion day and contain provisions relating to Classification, Labelling and Packaging of Substances and Mixtures and make specific amendments to the regime necessary to ensure the proper
CMA
GLOSSARY
means the Competition and Markets Authority, the UK national competition authority
NEWS
The Competition and Markets Authority (CMA) has accepted Meta’s revised commitments on using advertising data. Following the CMA's consultation on Meta’s varied commitments regarding its use of advertising data that was launched in May 2024, Meta will now offer a new approach that ensures all advertisers can use Facebook Marketplace without their data being used to enhance the platform. The CMA has determined that these changes improve upon the original commitments and protect advertisers’ interests.
NEWS
The Competition and Markets Authority (CMA) has published its final decision to accept binding commitments from seven housebuilders following an investigation under Chapter I of the Competition Act 1998 (CA 1998) into suspected exchanges of competitively sensitive information. The investigation, launched on 26 February 2024, examined conduct by Barratt Redrow plc, Bellway plc, the Berkeley Group plc, Bloor Homes Limited, Persimmon plc, Taylor Wimpey plc and Vistry Group plc. Under the commitments, the housebuilders have agreed to: (1) refrain from sharing certain types of information with other housebuilders, including house sale prices, except in limited circumstances; (2) introduce enhanced compliance measures and training programmes; (3) work with the Home Builders Federation and Homes for Scotland to develop industry-wide guidance on information sharing; and (4) make a combined £100m payment to be allocated to affordable housing programmes across the UK. The CMA’s acceptance of these commitments formally concludes the investigation, with no decision made as to whether the CA 1998 has been infringed.
NEWS
The Competition and Markets Authority (CMA) has published analysis on the emergence of agentic AI and its potential to shift consumer interactions from using AI as reactive tools to delegating outcomes to autonomous systems that can ‘sense, decide and act.’ It highlights that agentic AI could deliver substantial consumer benefits by reducing friction, lowering cognitive load, and enabling hyper personalisation, proactive support and improved access to tailored deals across complex markets. The CMA notes that, if reliably deployed at scale with strong transparency and accountability, agentic AI could strengthen consumer engagement and unlock new opportunities for UK businesses to develop agentic apps and services. However, the CMA stresses that autonomy raises material risks, including manipulation through dark patterns, errors and reliability issues, bias, loss of consumer agency, risks of agentic collusion in pricing and lock in where closed ecosystems restrict switching and data mobility. It also notes that agentic systems rely on sensitive personal data and delegated authority, increasing the need for secure digital identity, interoperability standards and privacy by design.
NEWS
The Competition and Markets Authority (CMA) has announced it will work with the Information Commissioner’s Office (ICO) to assess Google’s approach to Privacy Sandbox, following Google’s plan to revise its approach to the scheme. The new changes include a user-choice prompt, which will enable users to choose if they want to retain third-party cookies. The CMA is now seeking views on Google’s new approach and potential issues for market outcomes and consumers. Responses can be submitted by 12 August 2024.