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EFIG: European Banking Newsletter - September 2020
Developments in this month's edition include:
ICAAP practices - ECB publishes report
New digital finance strategy for Europe/FinTech action plan - ESCB/European banking supervision responds to the European Commission’s consultation
Expectat...
Improving governance and reporting of climate-related issues in occupational pension schemes: Government publishes proposals
This briefing summarises the August 2020 DWP proposals for trustees of larger pension schemes to comply with the TCFD Recommendations.
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Hong Kong Court of Appeal clarifies when to assist foreign courts in obtaining evidence
A client briefing on a Hong Kong court’s refusal to accede to a US court’s request for witness examination on the ground of impermissible fishing.
Under the Evidence Ordinance (Cap 8) (Ordinance), the Hong Kong Courts may make orders to facil...
New ICO guidance on AI: Privacy by design saves retro-fitting later
Whether it is helping tackle COVID-19, or managing loan applications, the potential benefits of AI are clear. However, it can be difficult to balance the tensions that exist between some of the key characteristics of AI and GDPR compliance. In this briefi...
Tax and the City Review for September 2020
Mike Lane and Zoe Andrews look at recent decisions in the Irish Bank case; Dodika; and Axa. They also consider the new economic crime levy.
In the Irish Bank case, the Court of Appeal agrees with the Upper Tribunal that attribution of notional capital to...
Competition & Regulatory Newsletter
European Commission publishes findings of its evaluation of the Vertical Block Exemption Regulation
On 8 September 2020 the European Commission concluded the first part of its review of the Vertical Block Exemption Regulation by publishing a staff workin...
Employment Bulletin - September 2020
The Employment Appeal Tribunal confirmed that an employee who resigned after the employer sought to “map” her into a new role, rather than treating her as redundant, was constructively dismissed (Argos Ltd v Kuldo).
Topics include:
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Break fees and VAT
HMRC had for some time taken a somewhat arbitrary position in relation to the VAT liability of payments made by a party terminating a contract, such as a break fee under a lease. In their view, the treatment depended upon whether the termination pro...
EU-UK trade deal – can we learn from other FTAs between geographic neighbours?
Areas of disagreement between the UK and the EU have been addressed in free trade agreements, principally between close geographical partners
This briefing, prepared by Tolek Petch, lawyer in our trade unit considers how the areas of disagreement between...
Enhanced Listing Regime for Professional Debt in Hong Kong
Summary of updates to Chapter 37 of Main Board Listing Rules and guidance on disclosure standards for listing regime for debt issues to professional investors.
Summary
On 21 August 2020, the Stock Exchange of Hong Kong Limited (SEHK) updated Chapter 37 ...