United Kingdom

Often referred to as the UK or Great Britain, the United Kingdom is a sovereign country located in Western Europe. The United Kingdom encompasses the island of Great Britain, the Northeastern portion of Ireland, and several smaller islands. Apart from the land-border it shares with Northern Ireland, the United Kingdom is surrounded by the North Sea, the Atlantic Ocean, the Celtic Sea, and the English Channel. It has the 12th largest coastline in the world.

The UK is a constitutional monarchy and is governed by a parliamentary democracy. Queen Elizabeth has been the reigning monarch since 1952, giving her the title of the longest serving head of the state. The capital city is London, which has a population of over 10 million residents. It is a global city and major financial centre not only in the country, but worldwide as well. The United Kingdom is comprised of four countries including: England, Wales, Scotland, and Northern Ireland.

The UK has sovereignty over 17 territories which includes three Crown Dependencies and fourteen overseas territories. The UK is governed under the monarch, and the Constitution is uncodified consisting mainly of statutes, international treatises, judge-made law, case law, and the constitutional conventions.

The UK is a member of the United Nations Security Council. It is also a standing member of NATO, G7 Finance Ministers, the G7 Forum, the Commonwealth of Nations, Council of Europe. WTO, OECD, and OSCE. It has recently withdrawn from the European Union in what has become famously known as the Brexit-split. The UK also has a “special relationship” with the United States and a close partnership with France, as the nation shares nuclear weapon technologies with both countries.

The UK has a highly diversified economy, with its GDP coming mainly from the service sector. It’s economy is greatly driven by the banking/financial sector, pharmaceuticals, international trade, and tourism. The aerospace industry is highly profitable for the UK, as is the motorsports industry, and agriculture industry. The British pound is one of the most highly used forms of currency as the UK deals with so many international partners in trade and import/export transactions.

The National Law Review covers a number of cases, litigation, and news stories from the UK. M&A transactions, ICO and bitcoin transactions, and the banking industry/financial sector; including the UK Financial Conduct Authority. The National Law Review also covers cases from the Employment Tribunal on cases involving wrongful termination, discrimination, and harassment. Visitors to the National Law Review will also find various news stories and new legislation post-Brexit, including the impending General Data Protection Regulation which will become effective in May of 2018. From news, to financial services, to litigation in the United Kingdom, visitors to the National Law Review will always find the latest content online.

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Mar
5
2024
Regulation Round Up February 2024 Proskauer Rose LLP
Apr
1
2024
ESG in 2024: Traps for the Unwary Proskauer Rose LLP
Feb
22
2017
Top Ten Things You Should Know About UK Employment Law Proskauer Rose LLP
Mar
15
2017
A Quiet UK Budget for Asset Managers, But Other Recent Tax Changes Shouldn’t Be Forgotten Proskauer Rose LLP
May
17
2017
UK Tax Criminal Finances Act 2017 & Hybrid Mismatch – Revised Guidance Published Proskauer Rose LLP
Jun
23
2017
Conservative Legislative Agenda Set Out in Queen’s Speech Proskauer Rose LLP
Aug
28
2018
UK Case Law Developments Proskauer Rose LLP
Feb
25
2019
Recent UK Ruling Highlights Risks of “Independent Contractor” Status Proskauer Rose LLP
Jan
17
2020
Simplification of UK Partnership Tax Reporting for Investment Fund Partnerships Proskauer Rose LLP
Mar
26
2020
COVID-19: UK Chancellor announces measures to support the self-employed Proskauer Rose LLP
Jan
8
2021
Crypto Asset Regulation: Is the U.S. or UK Keeping Up Best With This Emerging Market? Proskauer Rose LLP
Mar
4
2021
UK Budget 2021 Proskauer Rose LLP
Jul
9
2021
UK Investment Firms Prudential Regime - New Remuneration Requirements for UK Firms Proskauer Rose LLP
Oct
1
2021
The UK Investment Firms Prudential Regime Effective 1 January 2022: Key considerations for Investment Firms Proskauer Rose LLP
May
18
2022
From Cryptic to (Some) Clarity: English Law and Policy Rising to the Challenge of Cryptoassets (Part 3) Proskauer Rose LLP
Oct
18
2022
Massive U-Turn on Mini Budget Proskauer Rose LLP
Mar
16
2023
Upcoming changes to the company share options plan regime Proskauer Rose LLP
May
2
2024
Three Point Shot - April 2024 Proskauer Rose LLP
Mar
30
2020
Further Guidance Published on UK’s Coronavirus Job Retention Scheme Proskauer Rose LLP
Nov
2
2020
Regulation Round Up: October 2020 Proskauer Rose LLP
Sep
13
2023
UK Financial Promotion Rules for Cryptoassets: Longer Implementation Period for Certain Requirements Proskauer Rose LLP
Jul
30
2016
The False Claims Act in the United Kingdom Peers Into Dark Pools Proskauer Rose LLP
Dec
5
2023
FCA Welcomes the Launch of the Transition Plan Taskforce Disclosure Framework – The Relevance for UK Asset Managers Proskauer Rose LLP
Aug
22
2017
UK Tax Round Up: June 2017 Proskauer Rose LLP
Oct
26
2017
UK Tax Round Up: October 2017 Proskauer Rose LLP
Jan
8
2020
UK Government Announces Review into Private Sector IR35 Rules Proskauer Rose LLP
Mar
30
2020
United Kingdom’s CMA Issues Guidance to Businesses on Co-Operation During the Crisis Proskauer Rose LLP
Apr
13
2020
UK Measures to Address Covid-19 Proskauer Rose LLP
Jun
25
2020
UK Arbitration H1 2020: 6 Months and 6 Key Messages from the English Courts, Part 2 Proskauer Rose LLP
Dec
2
2020
UK Tax Round Up: November 2020 Proskauer Rose LLP
Jan
5
2021
UK Tax Round Up: December 2020 Proskauer Rose LLP
Mar
7
2022
DOJ Task Force KleptoCapture to Target Russian Oligarchs Proskauer Rose LLP
May
18
2022
Cross-Border Asset Deals [PODCAST] Proskauer Rose LLP
Sep
24
2022
UK Mini Budget 2022 Proskauer Rose LLP
Jun
5
2016
The UK Modern Slavery Act 2015 and Supply Chain Transparency: The Impact on Private Investment Funds Proskauer Rose LLP
 

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