Jan 29, 2021 When does an investor exercise decisive influence over a portfolio company? CJEU hands down judgment in Goldman Sachs’ appeal By Cameron Firth Andrew Morrison The Court of Justice of the European Union (the CJEU) this week upheld the General Court’s judgment finding Goldman Sachs (GS) jointly...
Jan 29, 2021 EU blacklist expansions on the horizon - Channel Islands, Cayman... the USA? By Ceinwen Rees The EU tax blacklist is far from set in stone, with countries moving on and off with reasonable regularity due to the EU's semi annual...
Jan 27, 2021 The Wealth Tax Commission FAQs By Thomas Schlee Edward Reed The Wealth Tax Commission, a group of academics exploring the possibility of a UK wealth tax, published their final report on 9 December...
Jan 25, 2021 The AMF Doctrine and SFDR: classification of funds and the compatibility of the EU and French rules By Gavin Haran The French regulator, the Autorité des Marchés Financiers (AMF), has published guidance on the implementation of the EU's Sustainable...
Jan 25, 2021 Locating Bitcoin: the tax planner’s crypto-nite? By Richard Giangrande While much of the focus around Bitcoin’s recent surge in value has been on lost keys and volatility, the emergence of cryptocurrencies...
Jan 21, 2021 Big fraud: FCA proposes regulation of tech giants in relation to financial scams By Neill Blundell James Reid Lorna Emson On Monday the Financial Conduct Authority (FCA) released its review of consumer investments data for 2020 (the Review). In the Review the...
Jan 20, 2021 FCA permissions: use it or lose it By Macfarlanes The FCA has published a statement on its website reminding firms to keep their Part 4A permissions up to date and remove any permissions...
Jan 19, 2021 Assessing the government's proposed reforms to appealing from the Upper Tribunal By Macfarlanes The government has recently consulted on proposals to reform the test for permission to appeal from the Upper Tribunal to the Court of...
Jan 18, 2021 UK introduces tighter travel restrictions to combat new Covid-19 variants By Edward Reed UPDATE: From 15 February 2021, new guidance is in effect - please see our updated note here: Covid-19 UK travel restrictions and...
Jan 15, 2021 Supreme Court judgment concludes FCA business interruption test case - FCA reports that more policyholders will have valid claims By Alexander Cibulskis Today the Supreme Court handed down its judgment in the FCA's Business Interruption (BI) test case. The judgment substantially upholds...
Jan 14, 2021 No expansion of the failure to prevent offence... for now By Neill Blundell Max Hobbs FCA-regulated companies have been given a reprieve, as an amendment to the Financial Services Bill 2019–21 (FSB), which would have...
Jan 14, 2021 New Pension Schemes Bill won’t apply retrospectively By Macfarlanes The Pensions Minister has confirmed that the new Pensions Regulator’s powers introduced by the Pension Schemes Bill will not apply...
Jan 12, 2021 Unwinding property contracts: tax for the unwary By Sarah Shucksmith It is rare, but not unheard of, for a property dispute to result in the rescission of the relevant contract. But what is the SDLT...
Jan 12, 2021 Changes to UCITS making use of the temporary marketing permissions regime By Emma Garnham The temporary marketing permissions regime (the TMPR) is now being used by many EEA-domiciled UCITS that, pre-Brexit, relied on a UCITS...
Jan 11, 2021 Implications of UK-EU trade deal on tax By Rhiannon Kinghall Were A new year and a new relationship between the UK and EU beckons as the transitional period finally ended on 31 December 2020. The new...
Jan 11, 2021 Green shoots: recent developments in the legal cannabis industry By Neill Blundell Max Hobbs Investing legally in the cannabis industry has troubled many UK investors and investment managers over the last couple of years. This is...