This week's edition of Restructuring & Insolvency weekly highlights includes: the launch of a consultation by the Insolvency Service as part of the second post-implementation review of the Insolvency Rules, an analysis of payment of administration expenses and priority of moratorium debts in administration (Re Cross Transport Ltd), a discussion on the Supreme Court decision that the good-faith requirement under section 172 of the Companies Act 2006 extends to a director’s conduct (Saxon Woods Investments Ltd and others v Costa), plus a round-up of other news and cases for restructuring and insolvency professionals.

STOP PRESS: This Practice Note is being updated for Statement in Changes HC 584, see: LNB News 03/09/2026 37 (Fee waiver application date does not count for 3C leave if no human rights application submitted, and Biometrics have to be completed even if application varied). Changes in force for applications from 8 October 2026. In this Practice Note, the terms ‘leave to enter/remain’ and ‘permission to enter/stay’ are used interchangeably. The word ‘permission’ replaces ‘leave’ in the Immigration Rules for simplified routes, but the former term is still used in other categories of stay and the relevant legislation. This Practice Note explains what happens to a person’s leave to enter or remain in the UK when they: • travel outside the UK, the Channel Islands, the Isle of Man and Ireland. This geographical area is known as the Common Travel Area (CTA). For information on immigration regulations within the CTA, see Practice Note: The Common Travel Area • make an in-country application to 'vary' their leave • lodge an in-country

The House of Lords Secondary Legislation Scrutiny Committee (SLSC) has published its 53rd Report of Session 2022–23, which contains the Committee’s thoughts on instruments of interest and instruments excluded from being drawn to the special interest of the House. In the Report, the SLSC has considered proposed negative instruments laid for sifting under the Retained EU Law (Revocation and Reform) Act 2023, and has recommended that the Data Protection (Fundamental Rights and Freedoms) (Amendment) Regulations 2023 be upgraded to the affirmative procedure. In this session, special attention of the House has been drawn to the Alcohol Licensing (Coronavirus) (Regulatory Easements) (Amendment) Regulations 2023, SI 2023/990 on the ground that they are politically or legally important and give rise to issues of public policy likely to be of interest to the House. Also drawn to the special attention of the House has been the Data Protection (Adequacy) (United States of America) Regulations 2023, SI 2023/1028 on the ground that the explanatory material laid in support provides insufficient information to gain a clear understanding about the instrument’s policy objective and intended implementation. In the Report, the SLSC has also included reference to an update from the Department for Transport on its maritime backlog and has expressed ‘grave concerns’ regarding delays. Additional instruments of interest include the Draft National Minimum Wage (Amendment) (No. 2) Regulations 2023; the Draft Representation of the People (Postal Vote Handling and Secrecy) (Amendment) Regulations 2023 and the Draft Non-Party Campaigner Code of Practice; the Statement of Changes in Immigration Rules (HC 1780); the Central Counterparties (Transitional Provision) (Extension and Amendment) Regulations 2023, SI 2023/999; and the Judicial Discipline (Prescribed Procedures) Regulations 2023, SI 2023/1005.

This Resource Note outlines the main provisions of Rules 10 and 11 of the AIM Rules for Companies (AIM Rules), which deal with the principles of disclosure of information by an AIM company and disclosure of price sensitive information. It highlights relevant materials, commentary and guidance from the London Stock Exchange (LSE), as well as Lexis+® UK analysis and resources, to give practical guidance on the interpretation and application of Rules 10 and 11 of the AIM Rules. Material covered in this Resource Note include: • the AIM Rules • the AIM Rules for Nominated Advisers (Nomad Rules) • Inside AIM, the periodic publication from the AIM Regulation team • AIM Notices, which are issued periodically, and contain information on AIM regulatory and administrative matters • Lexis+® UK Practical Guidance and Lexis+® UK Legal Research resources Setting the scene • Rulebook:AIM Rules for Companies • What it covers: Rule 10 sets out the principles relating to disclosure of information by an AIM

This edition of Employment weekly highlights includes: (1) comments on the employment law implications of the King’s Speech 2024 by David Reade KC of Littleton Chambers, Catriona Aldridge at CMS, Crowley Woodford at Ashurst, Kerry Garcia and Sarah Taylor at Stevens & Bolton LLP, Gareth Wadley at Bristows, and Shona Newmark and Domonic Lyons at Jones Chase, (2) the implications of the King’s Speech 2024 for Pensions and Immigration, and general key themes and proposals, (3) publication of the EU AI Act (Regulation (EU) 2024/1689), (4) analysis of an EAT judgment on the causation test in part-time worker claims, (5) a consultation on the Equality and Human Rights Commission’s (EHRCs) Strategic Plan for 2025–2028, (6) updated guidance from the EHRC on discriminatory adverts, (7) a decision from the CJEU on collective redundancy consultation on the retirement of an employer, (8) an EAT judgment on the fairness of dismissals arising when care workers would not comply with their employer’s Coronavirus vaccine policy, (9) an EAT decision about the necessary findings about an employer’s search for alternative employment, (10) an update to HMCTS Cloud Video Platform and the Video Hearings Service, (11) a report by the European Banking Authority on the application of gender-neutral remuneration policies by institutions and investment firms, (12) the Migration Advisory Committee review of the seasonal worker visa, (13) our new Practice Note on sexual harassment and the duty to prevent it, (14) the IRLR Highlights for August 2024, (15) dates for your diary, (16) updates to our case, legislation and consultation trackers and to our horizon scanner, and (17) a new Q&A.

Background to the client money rules The rules governing how a firm must safeguard and handle client money held in relation to its investment business are found in chapter 7 of the Clients Assets sourcebook (CASS 7), which forms part of the Financial Conduct Authority’s (FCA) Handbook. These rules provide more detail on the FCA's overarching requirement in Principle for Business 10 that 'a firm must arrange adequate protection for clients' assets when it is responsible for them'. This Practice Note describes what does and does not amount to client money, the requirements contained in CASS 7 to pay client money into particular accounts, the need for segregation of that money, and for due diligence in relation to the entities with whom it is placed. It does not cover the way in which client money will be distributed on the event of a firm's insolvency (or 'pooling event'). These issues, which are dealt with by the rules in CASS 7A, are covered in Practice Note: Client money distribution and transfer. Major changes to the client money rules

Life Sciences analysis: The In Vitro Diagnostic Medical Devices Regulation (IVDR) (Regulation (EU) 2017/746) becomes applicable on 26 May 2022. Lisa Page, partner, and Mary-Clare Palmer, associate, at Penningtons Manches Cooper take a deep-dive into what changes are introduced, discuss serious challenges to and impact of its implementation on the heels of last year’s Medical Devices Regulation (MDR) (Regulation (EU) 2017/745) and analyse the wider sector impact for EU medical device access and innovation. They also provide a helpful breakdown of the recently amended transitional provisions further to its guidance and consider what next for manufacturers with devices on the market in Europe and the UK.

This week's edition of Insurance & Reinsurance weekly highlights includes: COVID-19 business insurance litigation returns with test case appeal; the case of Tyson International Company Ltd v GIC RE, India Corporate Member Ltd (sued as the sole corporate member for Syndicate 1947 at Lloyd's of London for the 2021 and 2022 years of account); UK property insurance claims highest since 2007; an update to the Flood Reinsurance (Amendment) Regulations 2025; UK insurance premium tax haul up 10%, hits record £6.7bn; BoE delivers speech on new stress test approach for banks and other parts of the financial sector; FCA and PRA respond to UK government’s call for regulators to support economic growth; FCA urged to act against high insurance claim rejections; Insurance brokers call for reduced regulatory burden; Why non-financial misconduct should be on firms’ radar; Insurance Europe submits responses to EIOPA's Solvency II review consultations; Closing the gap–EIOPA and ECB announce proposals to close insurance protection gap; cases and decisions; key dates for your diary; and other news highlights reported over the past week.

This week's edition of Corporate Crime weekly highlights includes analysis of the significant reforms for tackling fraud proposed by the Crime and Policing Bill, of a judicial review challenging an inquest conclusion of unlawful killing, of the government’s upcoming review of money laundering and terrorist financing risks and of the effectiveness of recently announced measures by the COVID anti-fraud squad. Also included is news of the recently launched consultation by the MoJ proposing significant reforms to private prosecutions and the single justice procedure, of the Sentencing Council’s revised guidelines on imposing community and custodial sentences, of the DBT’s updated guidance on applying for a trade sanctions licence and of the FSA’s updated industry guidance requiring food businesses to provide written allergen information to consumers. All this, and more, in this week’s Corporate Crime highlights.

This Practice Note looks at what employers need to do in order to carry out a ‘right to work check’ correctly for workers subject to a direct contractual relationship with them, including the main steps that should be taken for both online and manual checks, record-keeping requirements and preparing for repeat checks. It also looks at the various aspects of right to work checks that can be undertaken using a registered Right to work digital verification service provider (RtW DVSP), which includes document verification checks for British and Irish nationals. The scope of the right to work civil penalty regime is extended from 1 October 2026 so as to treat a range of engaging relationships for the provision of work and services as ‘employment’ for these purposes, beyond the standard employment relationship. As such, from that date, in order to obtain a statutory excuse against a civil penalty for illegal working, a right to work check needs to be undertaken prior

This week's edition of Corporate Crime weekly highlights includes analysis of the Financial Conduct Authority's approach to anti-money laundering compliance failures, of the new tranche of Russia sanctions and the effectiveness of sanctions enforcement, and of the Serious Fraud Office’s agreement to pay out £9 million in damages to ENRC. Also included is news of the new whistleblowing portal launched by the Environment Agency which will allow water industry workers to report serious environmental wrongdoing by their water companies, of the National Crime Agency’s guidance on how to submit suspicious activity reports on the new portal and of the latest prosecution news from the Serious Fraud Office. All this, and more, in this week’s Corporate Crime highlights.

This Practice Note provides guidance on subrogation in the context of insurance. It explains the legal basis, purpose and practical application of subrogation, and outlines how to distinguish rights of subrogation from other rights such as assignment or contribution. It also examines common scenarios, including subrogation against co-insureds, the application of express subrogation clauses and waivers of subrogation. In addition, it addresses the allocation of recoveries and the insured’s duty to co-operate with insurers. What is the right of subrogation? In the context of insurance and reinsurance, the right of subrogation entitles an insurer or reinsurer, having indemnified the (re)insured, to ‘step into its shoes’ to bring an action in the (re)insured’s name. For the purpose of this Practice Note, ‘insurer’ should be taken to mean ‘(re)insurer’ and ‘insured’ should be taken to mean ‘(re)insured’. The insurer can then exercise any of the insured’s rights or remedies against third parties in respect of the insured event. Once the insured has been indemnified by the insurer,