United Kingdom: Corporate/Commercial Law

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Article
Finalised Guidance On Reformed Investment Manager Exemption Published
HMRC has published final guidance on the reformed UK investment manager exemption (IME), introducing significant changes that broaden its scope and remove the problematic 20% test. The updated guidance clarifies how the exemption applies to transparent funds and carried interest arrangements, providing crucial certainty for non-resident investors and UK asset managers navigating the country's tax regime.
United Kingdom Tax
TS
Travers Smith LLP
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Article
When Is A Synbio Company A Gene Therapy Company?
The UK's medicines regulator is proposing fundamental changes to how gene therapy products are defined, shifting from origin-based classifications to mechanism-driven frameworks. This consultation raises critical questions about where regulatory boundaries will be drawn for synthetic biology, genome editing platforms, and engineered cell therapies as biotechnology advances beyond traditional biological manufacturing.
United Kingdom Healthcare
PC
Potter Clarkson
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Article
Travers Smith's Venture Insights: Britain's Sovereign AI Bet
The UK government has launched a £500m sovereign AI fund led by Balderton's James Wise, aiming to help British AI startups start, scale, and compete globally. With ticket sizes between £1m-£10m, the fund offers not just capital but fast-tracked visas, supercomputer access, and government procurement opportunities—but can this strategy overcome the UK's historical challenge of retaining founders at the growth stage?
United Kingdom Technology
TS
Travers Smith LLP
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