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Competition and Regulatory Newsletter: CMA consults on priorities for 2025/2026 as the DMCC Act comes into force Just over a month on from the launch of the new UK Government’s Industrial Strategy Green Paper on 14 October 2024, the Chief Executive of the Competition and Markets Authority (CMA), Sarah Cardell, has set out how the CMA is rising to the challenge of...
A new era of enforcement: The 9th year of Hong Kong antitrust 2024 was undoubtedly a busy enforcement year for the Hong Kong Competition Commission (Commission). Over the last year, the Commission has focused its investigation efforts on hardcore cartel conduct - conducting several raids with other local law...
Employment Bulletin - January 2025 Topics covered in this bulletin: Employers: What to expect in 2025; Employee who objected to TUPE transfer without electing to terminate contract treated as dismissed by transferor; Comments related to accent could be harassment; Redundancy priority...
Tax and the City Review - January 2025 In their latest Tax and the City article, Mike Lane and Zoe Andrews consider: the Court of Appeal’s decision in Refinitiv on the interaction of diverted profits tax and advance pricing agreements; the FTT’s decision in Syngenta applying the unallowable...
Interpreting agreements to resolve disputes by arbitration or other methods In two recent cases, the High Court has considered complex dispute resolution clauses providing for arbitration alongside other dispute resolution mechanisms. Both cases provide a helpful reminder of the English courts’ readiness to uphold parties’...
The Trump Effect: US Foreign Tax Policy President Trump did not impose additional tariffs immediately after his inauguration. But among the executive orders that he signed on inauguration day is a firm rebuff of the OECD/G20 Inclusive Framework’s Two-Pillar Solution and the starting point for...
Competition and Regulatory Newsletter: “The world is not waiting for us”: European Commission President Ursula von der Leyen unveils European Commission’s Competitiveness Compass On 29 January 2025, European Commission President Ursula von der Leyen unveiled the Commission’s Competitiveness Compass. Focusing on the three transformational imperatives identified by Mario Draghi in his 2024 report on “The future of European...
New Public Offers and Admissions to Trading Regime: FCA consults on further aspects including facilitating issuance of low denomination bonds On 31 January 2025, the FCA published Consultation Paper CP25/2: Further Changes to the Public Offers and Admissions to Trading Regime and the UK Listing Rules which sets out further proposed changes as part of the reforms to the UK prospectus regime...
Competition and Regulatory Newsletter: “Rapid, meaningful change”: CMA unveils new proposals for merger reviews in line with UK Government’s strategic steer On 13 February 2025, the UK Government issued its long-awaited draft strategic steer to the Competition and Markets Authority for consultation. The steer sends a clear message that the Government expects the CMA to support its pro-growth agenda in the...
The EU’s Digital Services Act and UK Online Safety Act: where are we now? In this briefing, we provide a recap of the DSA and explore the Commission’s recent enforcement action. We also look at how the OSA compares to the DSA, and outline the steps Ofcom is taking to implement the UK’s online safety regime. As we will explain,...