Private Equity Legal Update – July 2012

Issues in focus in this white paper include:

Case Watch

  • Enforceability of side letters: the need for certainty
  • Circumnavigating the corporate veil: parent company held liable for subsidiary's asbestos failings
  • Limited partners' right to inspect partnership books



  • CRC Energy Efficiency Scheme: regulations on the sale of allowances come into force and EA publishes updated guidance manual
  • CRC Energy Efficiency Scheme: participants fined for non-compliance
  • Mandatory carbon reporting for UK listed companies


Regulatory and Compliance

  • AIFM Directive consultation on remuneration
  • Changes to the Money Laundering Regulations 2007
  • FATF report on specific risk factors in laundering the proceeds of corruption
  • Transparency International guidance on anti-bribery due diligence


Competition and Consumer

  • Reform of UK competition and consumer law: what you might have missed



  • Bonuses - no going back on a promise
  • Sickness during holiday