Scope to explore further increases to the national living wage, review concludes

Scope to explore further increases to the national living wage, review concludes

The review, which was published on 4 November 2019, also concluded that despite the potential for minimum wages to have a negligible or zero effect on jobs, it significantly increases earnings of the lowest paid workers. Nicholas Lakeland, partner at Laytons, comments on the report, saying it will ‘frame the future remit of the Low Pay Commission… and future government policy’.

Do Not Waste this Time: Inheritance Act stand-still agreements

Do Not Waste this Time: Inheritance Act stand-still agreements

The Inheritance (Provision for Families and Dependants) Act 1975 (“the Inheritance Act”) enables some limited exceptions to the principle of testamentary freedom and provides an option for redress for those dissatisfied with the dispositions made to them in a will.

Secondary buyouts advising the management team

Secondary buyouts advising the management team

A secondary buyout (SBO) involves the sale of a group (the target) by a private equity fund and the target’s management team to a company (newco) funded by a new private equity investor in conjunction with the management. The SBO has become a popular exit route for private equity funds.

Wiltshire Council v Cooper Estates Strategic Land Ltd [2019] EWCA Civ 840

Wiltshire Council v Cooper Estates Strategic Land Ltd [2019] EWCA Civ 840

In May 2019, the Court of Appeal upheld the 2018 High Court decision to quash a local authority’s registration of land as a town or village green. The Court of Appeal held that the adopted core strategy policies of the local authority gave rise to a trigger event that precluded the local authority from registering the land as a town or village green.