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BLOG: Cryptoasset reporting: collecting data on the data economy With cryptoassets hitting the news again recently, financial regulators and tax authorities are moving to place a tighter rein on the sector. In October 2023, the UK government confirmed its plans to regulate a much broader swathe of cryptoasset activitie... BLOG: Fourth tranche of Pillar Two Administrative Guidance: all clear for securitisations? Securitisation is a form of structured financing, whereby the credit risks associated with a specific pool of assets are segregated from the originators’ own credit risks. This is typically achieved by establishing a special purpose vehicle (SPV), which p... BLOG: How does the purpose of your borrowing impact tax deductibility? It will come as no surprise that the UK imposes certain restrictions on companies’ ability to deduct interest when calculating the profits that are subject corporation tax.  One of these restrictions is the unallowable purpose rule in section 441 of ... Money laundering: Now a never-ending chain? - R (World Uyghur Congress) v National Crime Agency The UK Court of Appeal has delivered an important judgment highlighting money laundering risks for companies, where they suspect forced labour or other human rights abuses in their supply chains. The Court disagreed with a widely held interpretation of ce... DMCC Act ushers in a new age of consumer protection in the UK The Digital Markets, Competition and Consumers Act 2024 (DMCC Act) received Royal Assent on 24 May 2024, bringing in long-anticipated reforms aimed at forging a UK regulatory framework fit for the digital age.  The DMCC Act also introduces major upda... Competition & Regulatory Newsletter: European Commission publishes report on how conditions of competition have changed over the last 25 years On 24 June 2024, the European Commission published a report titled “Protecting competition in a changing world”. The report presents and assesses new economic research on how and why the conditions of competition in the EU have evolved during ... Knowledge essential: UK Supreme Court considers directors’ accessory liability and account of profits Real Estate Newsletter - June 2024 In this edition, some of our topics include: Leasehold and Freehold Reform Bill becomes law; Changes to the Construction Industry Scheme; Changes to the overseas entities registration regime; Government consults on contractual controls on land;Court consi... HK Data Privacy Commissioner’s new model framework for procuring, implementing and using AI The Office of the Privacy Commissioner for Personal Data (the PCPD) recently published the Artificial Intelligence: Model Personal Data Protection Framework (the Model Framework), setting out suggested best practices to help organisations protect personal... UK Supreme Court delivers landmark decision on downstream (Scope 3) emissions – R(Finch) v Surrey County Council In a landmark climate decision, the UK Supreme Court has found, by a majority, that downstream greenhouse gas (GHG) emissions (also known as Scope 3 emissions) that would ultimately arise from combustion of refined oil products should have been considered...