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Two steps forward, no steps back - Corporate criminal liability reform Now that UK Parliament is back in session following the summer recess, there is renewed political momentum behind the Economic Crime and Corporate Transparency Bill. The Bill includes reform of criminal liability for corporates. It would: (1) create a new...
The Shareholder Rights and Activism Review - 8th edition - United Kingdom chapter This law review chapter considers the legal and regulatory framework in UK shareholder activism, key trends over the past two years, and an analysis of recent activism campaigns. Furthermore, the chapter offers a summary of recent regulatory developments,...
BLOG: Looking at the bigger picture: CGT planning and the purpose test in the reorganisation rules If we imagine a Venn diagram of two overlapping circles, A and B, and call the overlapping area C, what can we say about the individual areas? Quite clearly, we can say that C forms part of both A and B. But what about the relationship between A and B?...
Pensions Bulletin - August 2023 Abolition of lifetime allowance and introduction of new tax-free cash allowances; restriction on amendment power; Pensions Regulator’s decision to issue Contribution Notice; superfunds; Pensions dashboards
FX collective proceedings: analysing the Court of Appeal certification and carriage judgment On 25 July 2023, the Court of Appeal handed down its judgment relating to the European Commission’s Forex settlement decisions from May 2019. In summary, the Court of Appeal partially allowed the appeal from the Competition Appeal Tribunal’s...
Financial Regulation group's banking and investment services column for Practical Law - August 2023 Our August 2023 column for Practical Law Financial Services subscribers on topical developments in the banking and investment services sector.
EFIG: European Banking Newsletter - August 2023 Developments in this month's edition include:
Corporate Update Bulletin - 10 August 2023 Corporate Update is our fortnightly bulletin highlighting the latest legal and regulatory developments of interest to corporates.
BLOG: No joy for JTI: but whose purposes are unallowable? For UK tax practitioners who are feeling bereft after binge-watching the final season of Succession, the ongoing series of “unallowable purpose” cases offers plotlines that are, if admittedly less glossy, no less intriguing.
Competition & Regulatory Newsletter: CAT rejects first application for review of a subsidy decision under Subsidy Control Act 2022 On 27 July 2023, the UK Competition Appeal Tribunal rejected the first application for the review of a subsidy decision under the Subsidy Control Act 2022, holding that Durham County Council did not illegally cross-subsidise its two different waste...
The Lending and Secured Finance Review - 9th edition - England and Wales chapter The Lending and Secured Finance Review: an overview of developments in the corporate lending and secured finance markets in 15 different countries.
ACT Borrower’s Guide to Sustainability-Linked Loan Terms The ACT Borrower’s Guide to Sustainability-Linked Loan (SLL) Terms aims to equip treasurers with an understanding of the parameters of an SLL and how those characteristics are protected in the facility documentation. 
Supreme Court deals blow to litigation funders in the CAT The Supreme Court has held that litigation funding agreements that allow funders to recover a percentage of damages are, in fact, damages-based agreements (“DBAs”) and enforceable only if they comply with the detailed legal regime for DBAs.
Greenwashing: Meet risk with action An overview of the current greenwashing risk landscape and how to ensure that your sustainability strategy is resilient to greenwashing.  
BLOG: Purpose tests in anti-abuse or anti-avoidance provisions in the UK In addition to the general anti-abuse rule (GAAR), numerous purpose tests are built into the UK tax code. Every time a new set of tax rules is introduced, they tend to be accompanied by at least one targeted anti-avoidance rule (TAAR), and these TAARs...