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Pensions Bulletin - July 2022 Corporate Plan 2022 to 2024; portfolio alignment metric; pension scheme trustees’ investment strategy; guidance on stewardship reporting; Pensions dashboards; authorisation of CDC schemes In this month’s Pensions Bulletin, we cover: The Pe... Improving secondary share issues: Review Group publishes recommendations This briefing looks at the recommendations of the UK Secondary Capital Raising Review for improving secondary (follow-on) equity fundraisings and what they would mean in practice for companies listed on the London Stock Exchange. This briefing looks at t... 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 t... 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 t... 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. R... 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 vali... UK Collective Actions Regime: Where are we now? Since December 2020, when the Supreme Court handed down its landmark decision in Merricks v MasterCard, the UK collective actions regime for competition damages actions has continued to develop at pace. This briefing summarises some key trends emerging fr... 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 S... 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 qualifyi...