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Spot the difference: how does the LMA's documentation for East African borrowers compare to its English law counterparts? Article considering the current scope of the LMA's loan documentation for Africa and the key features of the LMA's template for borrowers in Kenya, Nigeria, Tanzania, Uganda and Zambia.
EU State aid decision on UK CFC rules The full decision in the EU State aid investigation into the UK CFC rules for non-trading finance profits (“NTFP”) has now been published. 
UK tax free cross-border transfers In the recent case of Gallaher, the UK’s First-tier Tax Tribunal reached a surprising conclusion on the UK’s intra-group transfer regime.
Market Abuse Regulation - Periodic financial reporting and inside information The FCA has finalised its guidance on periodic financial reporting and inside information. This briefing summarises the guidance and what companies should be doing in light of the guidance.
Increasing transparency and fairness for business users on online platforms This article provides an overview of the key aspects of the new online platforms regulation
Incentives Bulletin Directors’ remuneration draft regulations;  Accounting debits relating to grant of share options; disguised remuneration guidance; Option was not an employment-related securities option
Just five years after it was created, does the CMA already need fundamental reform? This briefing examines recent proposals made for CMA reform
Getting the Deal Through - Debt Capital Markets (United Kingdom) 2019 UK and EU legal and regulatory framework of the debt capital markets, and factors which influence the the market, including the documentation and execution of transactions.
International tax reform: marketing intangibles proposal attracts support The "marketing intangibles" proposal has emerged from the OECD's public consultation discussions as the most likely of the OECD's proposals to achieve a consensus from the (now 129) countries that are committed to finding a global...
Brexit Essentials: The Customs Union Our latest Brexit Essentials recalls the characteristics and consequences of a potential customs union between the EU and the UK.
Competition & Regulatory Newsletter European Commission publishes report on EU loan syndication and its impact on competition in credit markets
Tax and the City Review for April 2019 Mike Lane and Zoe Andrews consider the Commission’s State aid decision on the UK’s CFC rules, the Danish conduit cases, the FTT decision in Gallaher and the Supreme Court decision in Lehman Brothers.
Employment Bulletin Employment rates and limits; Compensation for refusal to allow rest breaks; BEIS Parliamentary Committee Report on executive rewards; Unfavourable treatment arising from disability
AI and the effect on tax allocation Discussions continue at a global level on how the international tax rules should be reformed so they work adequately for today’s business models. A particular focus has been the problems associated with highly digitalised business, although some...
Latest Government cyber report: targeted attacks and impact of GDPR The briefing summarises the latest Cyber Security Breaches Survey 2019 and offers practical tips we have drawn from the survey and our experience of advising on cyber incidents.