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FCA publishes Wider Implications Framework Annual Report 2025/26

FCA publishes Wider Implications Framework Annual Report 2025/26

On 21 July 2026, the Financial Conduct Authority (FCA) published its Wider Implications Framework (WIF) Annual Report 2025/26.BackgroundThis is the FCA’s fourth WIF Annual Report, covering the period 1 April 2025 to 31 March 2026. It sets out the past...

Guest Post: Calumet and VC Board Designee Risk

Guest Post: Calumet and VC Board Designee Risk

Ben DubinIn the following guest post, Ben Dubin, Managing Member of VC Expert Services LLC, discusses Delaware Vice Chancellor Laster’s January 29, 2026 opinion in the Calumet Capital Partners case. This article, which is the first of two discussing recent...

MVLs (again) – HMRC issues new Novalpina Guidance (UK)

MVLs (again) – HMRC issues new Novalpina Guidance (UK)

With the anticipated appeal in Novalpina having been heard at the end of last month, practitioners will be watching closely to see what the courts have in store for solvent liquidations. In particular, there remains considerable interest in whether the first instance...