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Strategise before you strike - Recent cases concerning Hong Kong court’s powers to wind up foreign companies and recognise foreign insolvencies The Court of Final Appeal has recently clarified whether a Hong Kong court should exercise its winding-up jurisdiction over foreign companies if the petitioner would derive benefit from the invocation of the court’s winding-up process but not from...
Tax and the City Review for July 2022 The General Court upholds the European Commission’s assessment that the group financing exemption in the UK’s CFC rules partially constituted unlawful State aid. Since the Qualifying Asset Holding Company (QAHC) regime was launched in April, a...
Global Investigations Bulletin (July 2022) Our latest Global Investigations Bulletin for July 2022 is now available. This month, we discuss the future of the “failure to prevent” model for corporate criminal offences, and set out the latest news in global investigations and enforcement actions....
The New Normal: the 27-stop shop is here to stay On 13 July, the General Court dismissed Illumina’s appeal requesting the annulment of the European Commission’s decision to assert jurisdiction over Illumina’s acquisition of GRAIL.  In so doing, the General Court confirmed the...
BLOG: Energy (Oil and Gas) Profits Levy Act 2022 The one-week consultation left little time to comment on the draft legislation for the Energy (Oil and Gas) Profits Levy (the Levy) which applies to certain profits of oil and gas companies from upstream activity in the UK and on the UK Continental...
BLOG: Stop the press! Taxpayer wins Ramsay appeal on disclosed avoidance scheme We understand that some readers of this decision may find it surprising that an artificial series of transactions which, on the unchallenged findings of the FTT, were devoid of business purpose and effected only to achieve a "magical" increase in...
Employment Bulletin - July 2022 Topics covered in this bulletin: Right of substitution did not prevent worker status Employment Tribunal decided that symptoms of long Covid were a disability Ill-health dismissal following unsatisfactory trial was disability...
Competition & Regulatory Newsletter: Political agreement reached on EU Foreign Subsidies Regulation On 30 June 2022 the Council of the European Union and the European Parliament reached provisional political agreement on a regulation to control foreign subsidies that distort the EU internal market. The Foreign Subsidies Regulation, or FSR, will directly...
The Legal 500: Litigation Comparative Guide - UK chapter The Legal 500: Litigation Country Comparative Guide aims to provide a country specific overview of litigation laws and regulations. Damian Taylor and Olga Ladrowska, members of our Disputes and Investigations team, co-authored  the UK: Litigation...
Acquisition Finance 2022 guide: Hong Kong Chapter A guide to the key aspects of acquisition finance in Hong Kong. Slaughter and May contributed the Hong Kong and UK chapters for the Chambers Global Practice Guide: Acquisition Finance 2022. The Hong Kong chapter, looks at key issues that arise...