Client publications and articles
Mike Lane and Zoe Andrews review the decision of the Upper Tribunal in Target Group Limited. They also consider HMRC’s statement on CFC State aid recovery and the revised consolidated guidance on the Code of Practice on Taxation for Banks.
This briefing looks at a company’s purpose and its obligations to stakeholders.
William Watson and Zoe Andrews give a comprehensive overview of corporate tax in the UK
Lead article by William Watson on whether it is possible to discern a thread of rationality at the heart of fiscal State aid.
Green and sustainability-linked financial products are a key component in developing an economy that can mitigate the effects of climate-related and sustainability challenges.
Syndicated loans are trickier to transition to risk-free rates than certain other financial instruments. For the syndicated market to function efficiently using RFRs, calculation methodologies and market conventions will need to be standardised to a substantial degree. Pricing structures will require adjustment compared to LIBOR-based norms. The use of RFRs in place of LIBOR also gives rise to questions about the continuing relevance of certain long-established documentation terms.