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Competition & Regulatory Newsletter: General Court protects the European Commission from financial liability for its errors in assessing the UPS/TNT merger On 23 February 2022 the European General Court refused to award the €1.742 billion claimed by UPS from the European Commission, despite finding that the Commission breached its procedural rules when it blocked UPS’s acquisition of rival, TNT....
'Living with COVID' - what does this mean for employers? On 21 February 2022, the government unveiled its Living with Covid strategy, detailing how England will move into a new phase of managing COVID-19. This briefing summarises the key points of the strategy, and the implications for employers. On 21...
Reforms to UK Solvency II - next steps HM Treasury has announced its next steps in the upcoming reform of UK Solvency II.  In a speech at the ABI annual dinner, economic secretary to the Treasury John Glen outlined some of the topics which will be included in HMT’s forthcoming...
Tax and the City Review for February 2022 Mike Lane and Zoe Andrews discuss the uncertain tax treatment guidance; Embiricos on partial closure notices; the UK’s consultation on global minimum tax rules; and improvements to the tax rules on UK securitisations. This article was first...
Employment Bulletin - February 2022 Dismissing and rehiring staff; right to payment for taken but unpaid leave; Cab driver using App was not a worker; not vicariously liable for injury  Topics covered in this bulletin: High Court prevents employer from dismissing and rehiring...
Blog: Carpe Crypto Earlier this week, HMRC announced that it was the first UK law enforcement entity to seize an NFT. The turn of phrase struck me - how exactly does one go about seizing a cryptoasset?
Competition & Regulatory Newsletter: Scania loses appeal against truck cartel fine On 2 February 2022 the EU General Court dismissed Scania’s appeal against a €880.52 million fine imposed by the European Commission for Scania’s participation in a cartel between truck manufacturers. The ruling represents a significant...
The Intel Effect On 26 January 2022 the European General Court partially annulled a 2009 European Commission decision, in which the Commission found that Intel had abused its dominant position by implementing a strategy intended to exclude its competitors from the market...
EFIG: European Banking Newsletter - February 2022 Developments in this month's edition include: Digital transformation - ECB publishes speech given by Pentti Hakkarainen on the digital transformation of the European banking sector SSM Regulation - ECB decision on transmission of supervisory...
The Transfer Pricing Law Review - 5th edition - United Kingdom chapter Preface by Steve Edge and Dominic Robertson for the fifth edition of The Transfer Pricing Law Review. UK chapter by Steve Edge, Dominic Robertson and Tom Gilliver. Given their economic importance, transfer pricing rules will be high on the corporate tax...