Search results

Hong Kong Competition Tribunal orders penalties in the government subsidies cartel case On 7 June 2024, the Hong Kong Competition Tribunal (“Tribunal”) found eight undertakings and individuals liable for cartel conduct relating to quotations provided to the Innovation and Technology Commission of the Hong Kong Government (“ITC”) in response ... Equal pay update In a decision that could prove a significant milestone in the story of equal pay in the UK – an Employment Tribunal has decided that the retailer Next could not rely on “market forces” to justify differences in basic pay between the predominantly female r... Bank Resolution (Recapitalisation) Bill – where next for the special resolution regime? On 18 July 2024, the government introduced the Bank Resolution (Recapitalisation) Bill (the Bill) in the House of Lords. This implements proposals consulted on by the previous government in January and confirmed in the new Labour administration’s response... In-Depth: Dispute Resolution (formerly The Dispute Resolution Review) – 16th edition – England & Wales chapter  The Sixteenth Edition of In-Depth: Dispute Resolution (formerly The Dispute Resolution Review) provides an indispensable overview of the civil court systems in major jurisdictions worldwide. It examines the key aspects of each jurisdiction's dispute... When is a foreign subsidy distortive? Just over a year after the Foreign Subsidies Regulation (FSR) came into force, the European Commission (EC) has published some initial clarifications in a Staff Working Document (SWD) on how certain concepts in the regulation, including the concept of “di... EFIG: European Banking Newsletter – August 2024 Developments in this month's edition include: PSD2 - EBA and ECB publish joint report on payment fraud EBA publishes results from its first fact-finding exercise on credit worthiness assessment practices of non-bank lenders EBA amends technical standards... Employment Bulletin - September 2024 Topics covered in this bulletin: Supreme Court prevents removal of protected pay by dismissal and re-engagement; Employment Rights Bill update and HR Spotlight conference; Non-financial misconduct in the financial sector: discussion with senior leaders; E... Tax and the City Review - September 2024 Mike Lane and Zoe Andrews discuss the Supreme Court’s judgment in Centrica (deductibility of management expenses); the Upper Tribunal’s decision in UBS (PAYE: judicial review of HMRC’s decision not to exercise discretion); what a Labour government might m... Sustainable finance re-examined During the course of 2023, doubts about the benefits of ESG-labelled debt (otherwise known as “ESG fatigue”) became increasingly prevalent among finance and treasury teams. This year, we have seen these doubts translate into action. A number of larger cor... Competition and Regulatory Newsletter: European Court of Justice deals blow to European Commission’s Article 22 referral policy in landmark Illumina/GRAIL case On 3 September 2024, the European Court of Justice handed down its long-awaited judgment in the Illumina/GRAIL appeal. In a pivotal development, the Court held that the European Commission had no jurisdiction to review Illumina’s acquisition of GRAIL unde...