UK REIT Horizon Scanner Q4 2021

UK REIT Horizon Scanner Q4 2021

UK REIT Horizon Scanner Q4 2021

Key Issues

Key issues coming up for UK Main Market REITs in corporate, financial regulatory, planning, real estate, securities law and regulation and tax1 in England (including retained EU law2).

Issue/status/timing: New developments since our March 2021 edition are shown in green text. Impact: urgency/impact rating for REITs admitted to London Stock Exchange Main Market (including the Specialist Fund Segment3)

Filed under:
European Union, United Kingdom, Capital Markets, Company & Commercial, Competition & Antitrust, Employment & Labor, Environment & Climate Change, Insolvency & Restructuring, Planning, Public, Tax, White Collar Crime, Taylor Wessing, Corporate governance, Brexit, Libor, Supply chain, Money laundering, Mediation, ESG, Coronavirus, Commercial tenant, HM Revenue and Customs (UK), UK House of Commons, House of Lords, Bank of England
Location:
European Union, United Kingdom
Firm:
Taylor Wessing
UK Corporate Insolvency & Governance Bill: Termination Clauses & Temporary COVID-19 Relief

The new Corporate Insolvency and Governance Bill will introduce new provisions to protect a company from suppliers wishing to terminate supply contracts or invoking more draconian terms when the company is entering into certain insolvency procedures, a CVA, or a new restructuring plan or moratorium (as introduced by the Bill), (each an “Insolvency Procedure”).

The purpose behind the new provisions is to maximise the possibility of a company being rescued or being able to sell its business as a going concern by helping it to trade through an Insolvency Procedure.

Filed under:
United Kingdom, Insolvency & Restructuring, IT & Data Protection, Duane Morris LLP, Coronavirus, UK House of Commons
Location:
United Kingdom
Firm:
Duane Morris LLP