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Unfair Dismissal Changes – The Clock Is Ticking
The unfair dismissal regime is undergoing significant changes from 1 January 2027, removing the compensation cap and reducing the qualifying service period from two years to six months. Employers planning dismissals or redundancies before this deadline must carefully navigate the interaction between the 1 January cutoff and statutory notice periods, which can extend an employee's effective termination date by up to 12 weeks regardless of payment in lieu arrangements.
United Kingdom Employment
M
Macfarlanes LLP
Article
Investment Management Update - September 2026
The Financial Conduct Authority has released a comprehensive package of regulatory updates and findings covering investment management, wealth management, and consumer protection. Key developments include reforms to MiFID costs and charges disclosures, remuneration code changes, AIFM regime overhauls, and detailed reviews of firms' Consumer Duty compliance, financial crime controls, and governance frameworks.
United Kingdom Finance
M
Macfarlanes LLP
Article
Insurers Cannot Withhold Defence Costs From Petrofac Defendants Under D&O Policy
In a landmark High Court ruling, two former Petrofac directors facing bribery charges have secured the right to continue receiving defence cost coverage from their insurers under a Directors and Officers policy. The decision addresses fundamental questions about when insurers can avoid policies based on alleged fraud and establishes important precedents for executive protection during criminal proceedings.
United Kingdom Insurance
M
Macfarlanes LLP
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