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Competition and Regulatory Newsletter: European Court of Justice clarifies boundaries around disclosing leniency statements The European Court of Justice has clarified key questions around the protection afforded to leniency statements and settlement submissions under EU law – specifically, whether such documents can be shared with national prosecutors in criminal proceedings,... Unpacking the Bank of England’s proposed regime for sterling-denominated systemic stablecoins The Bank of England’s proposals for sterling-denominated systemic stablecoins are an important step in the development of UK policy towards this promising innovation. However, the proposals do not yet cover a number of details which need to be resolved in... The contract prevails: Supreme Court confirms there is no principle of deemed fulfilment of conditions precedent under English law The Supreme Court in King Crude Carriers & Ors v Ridgebury November & Ors has unanimously overturned the Court of Appeal and settled a long-debated point in English contract law, holding that the principle of ‘deemed fulfilment’ of conditions... Poundland - a pre-arranged restructuring plan Slaughter and May advised leading pan-European discount retailer Pepco Group N.V. on the successful sale and follow-on restructuring of Poundland Limited. This was a unique transaction where the restructuring, which was implemented through a UK Part 26A... Tax and the City Review - November 2025 In Dialog, the FTT considers whether a break fee paid by a target to a bidder was a capital sum derived from an asset taxable under TCGA 1992 s 22(1)(c). The FTT in Boulting concludes that a company purchase of own shares was for the benefit of a relevant... Slaughter And May Cookbook Contract Law Update April 2026 Proposed changes to the regulatory treatment of funded reinsurance On 29 April the PRA published a consultation paper on changes to the prudential treatment of funded reinsurance arrangements. The consultation was announced in a speech by Gareth Truran, the PRA’s Executive Director of Insurance Supervision. After... Slaughter and May is advising Synthomer on its refinancing Slaughter and May is advising Synthomer on its refinancing Slaughter and May advised Oodle Financial Services Limited on its latest £383.6mn "Dowson 2026-1" auto loan securitisation Slaughter and May advised Oodle Financial Services Limited on its latest £383.6mn "Dowson 2026-1" auto loan securitisation