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From CCCTB to BEFIT: the European Commission's plan to future-proof taxation The Commission's Communication on Business Taxation for the 21st century sets out reams of important tax policy announcements, whilst evidencing what seems like a growing enthusiasm for acronyms on this side of the Atlantic.
The Class Actions Law Review - 5th edition - Hong Kong chapter Class actions and major group litigation can be seismic events, not only for the parties, but also whole industries and parts of society. The Class Actions Law Review (5th edition) explains the relevant procedures, developments and factors in play in some...
Supreme Court confirms (again) that Ramsay is a principle of statutory construction We all love a good Ramsay case.  Particularly one from the Supreme Court which does not upset the apple cart and require a re-learning of principles!  And one in which HMRC is not involved makes for an interesting change.
The Pensions Regulator's New Teeth: How Might They Bite Lending Transactions? In their article, first published in the Butterworths Journal of International Banking and Finance Law (Vol.36 - No.4), Kathrine, Rhiannon, Richard and Rebecca outline how risks relating to DB pension scheme liabilities affect financing transactions, the...
HKEX launches consultation for listing regime for overseas issuers Hong Kong Exchange launches consultation to streamline the listing regime for overseas issuers and facilitate listing by companies listed on qualifying exchanges Summary On 31 March 2021, The Stock Exchange of Hong Kong Limited (HKEX) published a...
Employment Bulletin - May 2021 Drivers were workers; Parliamentary debate on “fire and rehire”; Non-compete covenants for recruitment consultants; “last straw” constructive dismissal discriminatory; Statutory definition of “substantial No appeal against...
EFIG: European Banking Newsletter - May 2021 Development's in this month's edition include: €STR – ECB guideline published in the OJ Recovery plans - Benchmarking of recovery plans based on 2019 cycle plans Crisis management and deposit insurance framework – Single...
Competition & Regulatory Newsletter (28 April - 11 May 2021) European Commission fines Sigma-Aldrich for providing incorrect and misleading information during merger investigation European Commission fines Sigma-Aldrich for providing incorrect and misleading information during merger investigation On 3 May 2021...
The Class Actions Law Review - 5th edition - England & Wales chapter Class actions and major group litigation can be seismic events, not only for the parties, but also whole industries and parts of society. The Class Actions Law Review (5th ed) explains the relevant procedures, developments and factors in play in some of...
Retrospective time extension applications may be too little, too late Under the Hong Kong Companies Ordinance, a company must hold an annual general meeting (AGM) for each financial year and its directors must lay before the company in AGM its financial statements, directors’ report and auditor’s report. The...
Hong Kong Private Equity: 0% tax rate for carried interest - legislation enacted Hong Kong introduces 0% tax rate for carried interest paid by qualifying Hong Kong private equity funds to their managers, effective from 1 April 2020. On 7 May 2021, the Inland Revenue (Amendment) (Tax Concessions for Carried Interest) Ordinance...
Outsourcing and third party risk management: The PRA's stance on risk and controls This briefing looks at the PRA's Policy Statement on outsourcing and third party risk management (PS7/21) and accompanying Supervisory Statement (SS2/21) which ‘clarifies, develops, and modernises’ longstanding regulatory requirements...
Global Investigations Bulletin (May 2021) Our latest Global Investigations Bulletin for May 2021 is now available. This month, we review corporate convictions for bribery in the UK, set out the latest news in global investigations and enforcement actions, and provide key horizon scanning updates...
Tax impact of European Commission’s draft foreign subsidies Regulation Under the European Commission’s draft Regulation for a new regime to address the impact of subsidies from non-EU countries on trade within the EU published on 5 May 2021, tax concessions, reliefs and credits granted by the UK or other non-EU...
European Commission publishes new regulation targeting foreign subsidies On 5 May 2021, the European Commission published a draft Regulation for a new regime to address the impact of subsidies from non-EU countries on trade within the EU. This follows the White Paper on foreign subsidies that was published by the Commission...