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 It has recently withdrawn from the European Union in what has become famously known as the Brexit-split.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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Sep
4
2020
UK Contract? Today is the Day to Review Your Dispute Resolution Provisions Proskauer Rose LLP
Nov
19
2020
New OTS Report Recommends Changes to UK’s Capital Gains Tax Regime Proskauer Rose LLP
Jan
6
2021
Brexit Update: Impact on Fund Managers from 1st January 2021 and Beyond Proskauer Rose LLP
May
26
2021
Competition and Data Protection in Digital Markets: UK’s CMA-ICO Joint Statement on Competition and Data Protection Law Proskauer Rose LLP
Jan
21
2022
The Expanding Green Horizon: EU and UK ESG Regulatory Considerations and Developments for 2022 Proskauer Rose LLP
Nov
3
2022
In The Zone? When Directors of Portfolio Companies Have to Take Creditor Interests into Account Proskauer Rose LLP
May
6
2016
FCA Assesses Whether Fund Managers are Meeting Investor Expectations Proskauer Rose LLP
Jun
29
2016
Brexit: Consequences for UK Employment Law Proskauer Rose LLP
Oct
3
2018
6 Months to Brexit: Implications and Contingency Planning For Fund Managers Proskauer Rose LLP
Nov
27
2018
Countries Implement New Gender Pay Gap Measures Proskauer Rose LLP
Oct
10
2019
[Podcast]: U.K. Law for U.S. Employers Proskauer Rose LLP
Mar
4
2020
Government confirms private sector IR35 rules will be introduced in April Proskauer Rose LLP
Apr
24
2020
Overview of the UK Coronavirus Job Retention Scheme Proskauer Rose LLP
May
29
2020
Advisers’ Fees Non-Deductible Where Management Decisions Made by Parent Company Proskauer Rose LLP
Jun
16
2020
FCA Update on Its Response to COVID-19 and Expectations for 2020 Proskauer Rose LLP
Feb
5
2021
COVID-19: OECD Updates its Guidance on Residence and Permanent Establishments Proskauer Rose LLP
Mar
31
2021
Changes to AIFMD Marketing Rules from August 2021 – How will these New Rules Impact Fund Managers? Proskauer Rose LLP
May
11
2022
From Cryptic to (Some) Clarity: English Law and Policy Rising to the Challenge of Cryptoassets (Part 2) Proskauer Rose LLP
Jun
9
2016
UK Tribunal Defines Some Limits on Employee Privacy Protections and Expands Anti-Discrimination Rights Proskauer Rose LLP
Jan
4
2024
UK Tax Round Up December 2023 Proskauer Rose LLP
Jul
12
2018
Finance Bill 2019 – Proposed relaxation of entrepreneurs’ relief rules Proskauer Rose LLP
Mar
18
2020
IR35 overhaul postponed until 6 April 2021 Proskauer Rose LLP
Nov
30
2020
Brexit: UK Temporary Permission Regime for EEA Firms Proskauer Rose LLP
Jul
22
2021
SEC’s Coinschedule Settlement Offers Mere “Clue-By-Enforcement” Into Whether Cryptocurrencies are Securities Proskauer Rose LLP
Feb
24
2022
ESG: Practical Points For Where Market Practice and Legal Trends Collide Proskauer Rose LLP
Apr
26
2016
Gender Pay Gap Reporting Draft Regulations Published in UK Proskauer Rose LLP
Sep
28
2023
Game On! Microsoft and Activision Deal is One Step Closer to Actual Reality Proskauer Rose LLP
Jan
4
2024
Regulation Round Up December 2023 Proskauer Rose LLP
Mar
1
2024
Consumer Duty Implementation: Good Practice and Areas for Improvement Proskauer Rose LLP
Apr
10
2024
Regulation Round Up March 2024 Proskauer Rose LLP
May
8
2024
UK Tax Round Up (April 2024) Proskauer Rose LLP
Nov
22
2017
Major Changes Proposed to UK Tax Regime for Non-resident Investors in UK Commercial Property Proskauer Rose LLP
Jan
26
2018
UK Tax Round Up-January 2018 Proskauer Rose LLP
Nov
8
2019
Change To IR35 Tax Obligations From April 2020 For Medium- And Large-sized Companies Proskauer Rose LLP
Apr
9
2020
COVID-19: interim measures on stamp duty announced by HMRC Proskauer Rose LLP
 

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