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How Brexit might limit challenges to HMRC decisions Looking at the CJEU decision in Luxembourg v B in the context of the UK's proposed new Financial Institution Notice (which would allow HMRC to request information from financial institutions without prior tribunal approval – and without the...
The New Normal for the Bank Levy A significant package of changes to the bank levy rules comes into force on 1 January 2021. Dominic Robertson explains why the changes were made, and outlines the effect of the reforms: including the impact on non-UK liabilities of banking groups, and on...
National Security and Investment Bill - What you need to know now about the UK's proposed new M&A screening powers On 11 November 2020 the UK Government published its much-anticipated National Security and Investment Bill, creating new powers to scrutinise, impose remedies on, or even block, M&A transactions on the basis of national security concerns.  This...
COVID-19: Furlough extension - ten key points for employers HMRC has updated its CJRS guidance to reflect the extension of the furlough (CJRS) scheme to 31 March 2021.
Competition & Regulatory Newsletter European Commission publishes results of its fitness check of the State aid modernisation package On 30 October 2020 the European Commission presented the results of a fitness check on the State aid rules adopted as part of the State aid modernisation...
New Hong Kong regulatory regime for Virtual Asset Exchanges On 3 November 2020 the Financial Services and the Treasury Bureau issued a consultation paper to introduce a new licensing regime for virtual asset exchanges (VA exchanges). This client briefing considers the proposals in more detail, including how they...
Redundancy in focus: Pensions and incentives implications In the fourth episode of our ‘Redundancies in focus’ podcast series, Richard Goldstein, Ian Brown and Clare Fletcher discuss the pensions and incentives aspects of redundancy. They consider the potential implications for pension schemes, the approach...
Group Litigation struck out as abuse of process In a landmark judgment, the High Court has today struck out as an abuse of process a claim brought by over 200,000 Brazilian claimants against the English and Australian holding companies of a global natural resources group. The judgment provides a...
Africa Legal Podcast - Slaughter and May's Africa Practice Group Members of our Africa Practice Group - Nigel Boardman, Samay Shah and Justina Omotayo - together with Africa Legal, discussed our international strategy with respect to Africa. They explored how we support clients on the continent by working with the...
Employment Bulletin - November 2020 Use of talent pool for promotion; responding to data subject access requests; Breach of implied duty of trust and confidence; Failure to return to work
ESG and business strategy - Why corporate purpose is key to demonstrating authenticity ESG has become an essential part of the business strategy of our clients and many other companies. Broader concepts that inform the value of the company such as climate change, sustainability, diversity and social impact have the power to make or break a...
The Lens Newsletter - November 2020 A selection of our latest blogs on all things digital from our experts and thought leaders here at Slaughter and May.
Redundancy in focus: The insolvency angle In the third episode of our ‘Redundancies in focus’ podcast series, Philippa O’Malley, Dave Rintoul and Clare Fletcher discuss some key issues for employers and insolvency practitioners when facing the prospect of redundancies. These include timing issues...
Virtual currencies: what's in a name? Spend too long thinking about the virtual or digital world in opposition to the "real" world, and it's almost guaranteed you'll start overthinking concepts we take for granted on a daily basis.
COVID-19: Second national lockdown – employment implications On 31 October, the Prime Minister announced new national restrictions, to apply from Thursday 5 November. The key points for employers to note are as follows: