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Tax and the City Review for February 2021
Mike Lane and Zoe Andrews consider the wider review of the UK funds regime; potential changes to the hybrids rules; the OECD's guidance on transfer pricing and treaties in light of COVID-19; and the FTT decision in Wilmslow.
The revie...
EU publishes draft adequacy decisions for transfers of personal data to the UK
The EU Commission has published two draft adequacy decisions for transfers of personal data to the UK, one under the GDPR and the other for the Law Enforcement Directive. This will be welcome news to many UK and EU businesses grappling with the implicatio...
HMRC’s commitments to building and maintaining public trust in tax administration
HMRC has powers to ensure everyone “pays their fair share of taxes” and in some cases, particularly where the powers tackle fraud, evasion and complex tax avoidance, these powers can be far-reaching. It is important for maintaining and e...
Brexit has happened – so what’s next for securitisations?
The Trade and Cooperation Agreement between the UK and the EU that has applied since then does not deal with the regulatory detail of cross-border financing transactions. Accordingly, in the context of securitisations, the EU Securitisation Regulation con...
Climate risk and the Pension Schemes Act
Subject to approval by Parliament, detailed new requirements for trustees of larger occupational pension schemes to manage, and disclose their approach to, climate-related risks and opportunities, will come into force in October 2021.
The proposals are p...
Employment Bulletin - February 2021
Equitable duty of confidence; incorrect comparison when considering discriminatory impact of policy; Engaging in grievance procedure was not affirmation by employee; sufficient connection with GB
New employer breached equitable duty of confidence
Summar...
Long COVID - implications for employers
This briefing, based on an article first published by Slaughter and May for the Employment Lawyers Association (ELA) Briefing, considers whether and when long COVID could amount to a disability under EqA 2010, and what this means for employers.
Introduct...
EFIG: European Banking Newsletter - February 2021
Development's in this month's edition include:
EU Cross-border payments – ECB publishes opinion on proposed Regulation
Single Supervisory Mechanism – ECB finalises sguidance on supervisory approach
to consolidation&nb...
Competition & Regulatory Newsletter (27 January - 9 February 2021)
European Commission fines gaming companies for geo-blocking practices
European Commission fines gaming companies for geo-blocking practices
On 20 January 2021 the European Commission announced that it had decided to fine Valve, owner of the online PC ga...
Private Enforcement of Competition Law in the UK
Our guide to ‘Private Enforcement of Competition Law in the UK’ examines the key aspects of competition litigation before the UK Competition Appeal Tribunal and the High Court of England and Wales. It has been recently updated, in particular t...