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Responding to Schedule 36 Notices: A Practical Guide
We cover: What HMRC can require under a valid Schedule 36 notice, and how to narrow scope How to deal with privileged documents The importance of a thorough, litigation-standard review upfront Receiving a Schedule 36 notice requires a measured,...
Labour markets in the spotlight: no-poach agreements and the reform of non-competes
Labour markets have been a key focus for competition authorities and policymakers around the world in recent years, driven at least in part by the view that labour market mobility is key to economic growth and innovation. Most recently, the ruling from...
Competition and Regulatory Newsletter: European Court of Justice clarifies EU rules on the seizure of business emails during inspections
On 16 July 2026, the European Court of Justice (CJ) handed down a judgment clarifying that EU law does not require national competition authorities to obtain prior authorisation from a court before seizing business emails during an investigation. However,...
London Stock Exchange updates AIM Rules
The London Stock Exchange has published changes to its AIM Rules for Companies (AIM Rules) and AIM Rules for Nominated Advisers (Nomad Rules). The changes took effect on 5 August 2026. The London Stock Exchange has published changes to its AIM Rules for...
“Pay to Stay”: Ofgem’s plan to cull the data centre connection queue
On 29 July 2026, Ofgem finally set out its plans to curate the data centre connection queue in the Curate – Demand Connections Reform Consultation (the Consultation). On 29 July 2026, Ofgem finally set out its plans to curate the data centre...
High Court’s Emma Sleep judgment offers insights into misleading reference prices
On 30 July 2026, the High Court handed down its judgment regarding an enforcement order sought by the CMA against Emma Sleep (Emma) to regulate the company’s use of reference pricing as part of its “high price/high discount” pricing strategy. ...
A costly trip: Lessons from China's RMB 5.2 billion Trip.com decisions
On 25 July 2026, China’s State Administration for Market Regulation (SAMR) found that Trip.com had abused its dominant position by imposing exclusivity and price parity requirements on hotels through algorithms, automated price adjustment tools and other...
Tourist attraction tickets cartel case
On 4 March 2026, the Competition Tribunal (the Tribunal) handed down its judgment in Competition Commission v Gray Line Tours of Hong Kong Ltd & Ors [2026] HKCT 1, dismissing the case brought by the Hong Kong Competition Commission (HKCC) case against...
Information flows on UK IPOs: FCA reverses 2018 changes to COBS rules
Following changes to the FCA Handbook made this month, on a Main Market IPO syndicate banks no longer have to offer unconnected analysts equal access to the issuer, and can disseminate research immediately after a registration document has been published....
SM Treasury Insights: What's next for corporate treasury?
A year after the announcement of the Leeds Reforms, the UK's financial services reform agenda continues to gather pace, with developments across banking, pensions, payments and capital markets regulation moving from policy discussion towards...
Recognition of and assistance to foreign liquidators – the latest developments in an area of law in the spotlight
In a topical decision handed down last week, Harris J reiterated that the availability of ‘assistance’ in terms of powers that may be granted by the Hong Kong Court to ‘recognised’ foreign liquidators in Hong Kong would depend on whether they were...
Mainland Courts Confirm Jurisdiction over Securities Fraud Claims Against an Offshore-Incorporated Listed Company
Between 2017 and 2018, the ListCo provided certain loans (Loans) to connected persons of its then executive director and chairman. The Loans constituted a major transaction and connected transaction under the Listing Rules and were therefore subject to...
The EU AI Act: Challenges and questions for AI Providers as the Act starts to bite
The EU AI Act (the Act) has been taking effect in stages since 2025, with further obligations scheduled to take effect right through to 2030. Against that backdrop, 2 August 2026 marked an important staging post, bringing into force the Article 50...
Employment Bulletin - September 2026
Topics covered in this bulletin: Employment Rights Act 2025 – further changes to trade union law; Simplification of process for granting EMI options; Six-month non-compete restriction was too wide to be enforceable; Pub not vicariously liable for actions...
Promoting the UK as a Treasury Centre
Produced for The Association of Corporate Treasurers (ACT), a discussion policy paper was set out to stimulate debate on how to strengthen the UK's position as a global corporate treasury hub. Corporate treasury centres play a vital role in managing...
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