Practical Law

Two consultations that close in early 2025, on the UK Stewardship Code and third party litigation funding, are among the most significant issues this month. Publication of the Data (Use and Access) Bill and new failure to prevent fraud offence guidance, together with several climate change developments are also noteworthy. Read more [subscription required].

Publication of the government’s Employment Rights Bill (ERB) is the key development this month. In-house lawyers will be evaluating the impact of the 28 employment law reforms contained within it and considering whether to the respond to the four six-week consultations arising from proposals in the ERB, which are due to close in the first week of December. Read more [subscription required].

I recently attended the Thomson Reuters Legal Innovation Summit 2024, and I’ve published a short article that focuses on the key themes discussed at the event.  These included navigating GenAI regulation, developing AI literacy, tips on implementing AI in both small and large legal departments, law firms’ approach to AI adoption and concerns about AI.

The Chancellor of the Exchequer, Rachel Reeves, will deliver the new government’s first budget update on 30 October 2024. In-house lawyers should also be aware of the publication of the FRC’s annual review of corporate reporting, a Property (Digital Assets etc) Bill and a Product Regulation and Metrology Bill, judgement in an important climate litigation case and an update on the EU AI Pact. Read more [subscription required].

A second report on the quality of corporate governance reporting by private companies following the Wates Corporate Governance Principles for Large Private Companies, a discussion paper on opportunities for future UK digital reporting, and the outcome of a consultation on a draft “Property (Digital Assets etc) Bill” are among the key developments for in-house lawyers to consider this month. Read more [subscription required].

Several Bills contained in the King’s Speech will be of interest to in-house lawyers, including the Audit Reform and Corporate Governance Bill, the Cyber Security and Resilience Bill, and the Employment Rights Bill. Publication of the final UK Listing Rules and the EU AI Act are also noteworthy this month. Read more [subscription required].