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Crypto winter, regulatory spring Until not so long ago, lawyers like me would have to trawl the internet for a whispered mention of crypto from a regulator, and it took quite a long time to explain my interest in the subject at a dinner party. Now, it is difficult to go more than a few d... PSD2: EBA publishes its final guidelines on the limited network exclusion The second Payment Services Directive ((EU) 2015/2366) (“PSD2”) introduced an exclusion from its scope for services based on specific payment instruments that can be used only in a limited way. Payment instruments that might benefit from the limited netwo... Succeeding by Design: Government considers changes to UK designs system The UKIPO has published its response to its Call for Views on the UK’s designs system. Although the UKIPO has provided no firm policy proposals or concrete conclusions on the questions raised, the consultation and related responses cover a number of point... Is the NIS regime working? Changes proposed in new review This month, the Government published its second post-implementation review of the 2018 Network and Information Systems (‘NIS’) Regulations. The NIS regime is designed to help protect the UK, and in particular certain essential services (hospitals, energy,... UK diverges from EU on new plans for AI regulation The 18th July was a busy day for AI in the UK. As well as publishing the Data Protection and Digital Information Bill, which includes AI measures, the UK Government published: a new AI policy paper which outlines its proposed approach to regulating AI in ... Crypto winter, regulatory spring Until not so long ago, lawyers like me would have to trawl the internet for a whispered mention of crypto from a regulator, and it took quite a long time to explain my interest in the subject at a dinner party. Now, it is difficult to go more than a few d... 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 Shelf ... 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 qualify... Has the ICO just told lawyers not to advise clients to pay ransoms? Ransomware attacks are on the rise, and more organisations have been paying the ransoms in recent months. In light of this, the ICO and National Cyber Security Centre (‘NCSC)’ have published a joint letter they sent to the Law Society regarding ransomware... Restrictive immunity: codifying the UK's approach to taxing sovereign investors The doctrine of sovereign immunity is the international law principle that one sovereign State should not seek to apply its law to another sovereign State. In the UK, the application of that principle to the courts is governed by the State Immunity Act 19...