UK charities investing in U.S. private equity or property funds should review their Schedule K-1 forms carefully to identify any allocations of unrelated debt-financed income (UDFI), which could require a Form 990-T filing with the IRS.

In this article we consider how schools may inadvertently find themselves facing a claim for copyright infringement and what you should be aware of in order to avoid this.

Planning control sits at the heart of how property can be used. The definition of 'development' under the Town and Country Planning Act 1990 includes any material change of use of land or buildings. Where changes are made without consent, the use may become unlawful, exposing owners to enforcement action with serious consequences. 

A permission in principle is a relatively new concept (introduced by the Housing and Planning Act 2016) and provides an alternative way of obtaining planning permission for housing-led development which separates the principle of development from the technical detail. 

After a challenging decade, the Medicines and Healthcare products Regulatory Agency (MHRA) has more than turned the corner and is ready to lead the world, for the good of UK life sciences and patients.  

Since I started my training contract in 1997 and for the nearly 30 years since, I have picked up a lot of learning points from my time drafting and negotiating commercial contracts and advising clients. As well as keeping up to date with new cases through the year, at the beginning of the year VWV lawyers have a commercial contract update training which provides an opportunity for us to stand back and question why we do things and what lessons we can learn from recent developments. This article shares some of those 2025 lessons with you.