Search results

BLOG: How to draft intragroup loans post-Blackrock to avoid transfer pricing problems Following the Upper Tribunal's decision in BlackRock that third party covenants (i.e. not from the borrower itself) could not be taken into account in determining the hypothetical arm's length loan, a commonly asked question is whether it is now... The (not so) "mini-budget"? The Chancellor’s fiscal statement to Parliament today (commonly referred to in the press as a “mini-Budget”) brings significant changes to the tax regime affecting UK employees and their employers. In this briefing, we explore the key pr... BLOG: Acquiring start-ups under the improved R&D regime On 20 July 2022, the UK Government released draft legislation intended to implement a number of changes to the research and development (R&D) tax relief regime in the UK. The reliefs available are different for SMEs and larger companies, and the chang... Sustainability is a leadership challenge: How can companies unlock their sustainability potential? ESG considerations are increasingly a driver of corporate decision-making. In this piece, we explore how companies can redesign themselves in order to meet growing stakeholder and shareholder expectations, and regulatory pressures, among others, that are ... Competition & Regulatory Newsletter: General Court issues judgment in Google Android case On 14 September 2022, the European General Court handed down its judgment in the Google Android case. The GC largely confirmed the European Commission’s infringement decision, but reduced Google’s fine from €4.343bn to €4.125bn and r... EFIG: European Banking Newsletter - September 2022 Development's in this month's edition include:  UCITS and AIFM Directives – ECB publishes opinion on proposed amendments Supervisory sanctions – ECB imposes sanctions totalling €4.765 million on Crédit Agricole S.... Global Investigations Bulletin (September 2022) Our latest Global Investigations Bulletin for September 2022 is now available. This month, we analyse two reports that were commissioned to examine prosecutions at the Serious Fraud Office, and set out the latest news in global investigations and enforcem... Tax and the City Review for September 2022 The UT in Altrad Services Limited decides that a disclosed arrangement intended to deliver capital allowances in respect of ‘magical’ expenditure survived HMRC’s Ramsay challenge. The UT in BlackRock allows HMRC’s appeal on transfe... Sharing employment information: When is it permissible under the competition ordinance? To attract and hire the best talent, employers will typically try to find out what the latest market trends are, so they can put together a competitive package for prospective employees. Often times this is harmless, but when an employer (or human resourc... Pensions Bulletin - September 2022 funding and investment regulations; Transfer Regulations; debt refinancing; tendering for fiduciary managers and setting objectives for investment consultants; unclaimed benefits allowed trustees to forfeit arrears In this month’s Pensions Bulletin...