Companies Act 2006: Primary legislation governing company formation, management, and operations in the UK. Essential for understanding corporate structures in PE transactions.
Partnership Acts: Partnership Act 1890 and Limited Partnerships Act 1907 - Key legislation for understanding partnership structures often used in PE transactions.
Financial Services and Markets Act 2000: Fundamental legislation regulating financial services and markets in the UK, including PE activities and investments.
AIFMD Regulations: Alternative Investment Fund Managers Directive regulations governing PE fund managers and their activities.
FCA/PRA Requirements: Regulatory requirements from Financial Conduct Authority and Prudential Regulation Authority for PE transactions and fund management.
Competition Laws: Enterprise Act 2002 and Competition Act 1998, governing merger control and anti-competitive behavior in PE transactions.
Contract Law Principles: Common law principles and Law of Property (Miscellaneous Provisions) Act 1989 governing contract formation and enforcement.
Data Protection Laws: Data Protection Act 2018 (UK GDPR) governing handling of personal data during due diligence and transaction processes.
Money Laundering Regulations 2017: Regulations concerning anti-money laundering requirements and checks in financial transactions.
TUPE Regulations: Transfer of Undertakings (Protection of Employment) Regulations 2006 protecting employees' rights during business transfers.
Employment Rights Act 1996: Core employment legislation affecting employee rights and obligations in PE transactions.
Tax Legislation: Various Finance Acts, Taxation of Chargeable Gains Act 1992, and Income Tax Act 2007 governing tax implications of PE transactions.
LOI Key Components: Essential elements including binding/non-binding provisions, confidentiality, exclusivity, due diligence access, transaction structure, timeline, and break fees.
Industry-Specific Regulations: Sector-specific regulations that may apply depending on the target company's industry and operations.
