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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... Hong Kong Private Equity - 0% tax rate for carried interest On 29 January 2021, the Inland Revenue (Amendment) (Tax Concessions for Carried Interest) Bill 2021 was gazetted. The Bill introduces a concessionary 0% tax rate for ‘carried interest’ paid by eligible private equity (PE) funds operating in Ho... EFIG: European Banking Newsletter - January 2021 Development's in this month's edition include: Banking supervision – ECB publishes speech by Elizabeth McCaul on bank boards and supervisory expectations  COVID-19 and dividends – ECB urges banks to further delay or limit... Brexit has happened - so what next for Debt Capital Markets? One month ago, at 11:00 pm on New Year’s Eve, the Brexit implementation period ended and the UK left the EU single market. The Trade and Cooperation Agreement between the UK and the EU that has applied since then does not deal with the regulatory de... Cartel Fines in Hong Kong: Some Observations on the Latest Penalties The Hong Kong Competition Tribunal (Tribunal) concluded 2020 with its highest pecuniary penalties to date in the IT Bid-rigging case and started 2021 with another set of fines (including on individuals) in the 3rd Decorators Cartel case. With these, there... Banking and Investment Services column: January 2021 Our latest Banking and Investment services column for Practical Law. In our latest Banking and Investment services column for Practical Law, we consider the possibility of UK divergence from the EU rulebook, the harmonisation of environmental, social and... Revised OECD tax treaty guidance as “temporary” COVID-19 travel restrictions continue to impact business operations The OECD has issued updated guidance on tax treaties and the impact of the COVID-19 pandemic which adopts broadly similar views on questions around the creation of permanent establishments and changes in tax residence as the guidance issued... Competition law and sustainability: Expectations for 2021 The interplay between competition law and sustainability was a hotly debated topic in the competition law community in 2020. This briefing provides an indication of the developments we can expect in this space in 2021 from Europe’s competition regul...