30 Jul, 2021 Disastrous rent review clauses: irrational or imprudent? By Philip Parrott In Monsolar IQ Ltd v Woden Park Ltd [2021] EWCA Civ 961, the Court of Appeal has upheld a judgement that there was a mistake in a rent...
29 Jul, 2021 Measure for measure: the new liquidity framework for open-ended funds By Gavin Haran The Bank of England (BoE) and the Financial Conduct Authority (FCA) have concluded their study into potential vulnerabilities because of...
27 Jul, 2021 ESC B18: limitations to the tax credit available for UK beneficiaries of non-UK resident trusts By Robin Vos In the recent case of Murphy v HMRC, Chamberlain J agreed with HMRC’s interpretation of extra-statutory concession B18. He found that UK...
26 Jul, 2021 European Commission consults on EU securitisation framework By Richard Fletcher Edward Karsten The European Commission has launched a consultation on the EU securitisation framework. The consultation covers the following issues: the...
23 Jul, 2021 A prosecutor’s dozen: the SFO announce 11th and 12th DPAs By Max Hobbs The Serious Fraud Office (SFO) has entered into two new deferred prosecution agreement (DPAs), taking the total number entered into to 12...
22 Jul, 2021 Economic Substance – extension to partnerships By Charlie Maydon Grace At the end of 2018, various jurisdictions introduced economic substance legislation, requiring certain entities to demonstrate...
21 Jul, 2021 Legislation Day 2021: the key points for businesses By Jagwinder Kaur On 20 July 2021, the government published draft legislation for the Finance Bill 2021-2022, consultations, and other documents (L-Day)....
21 Jul, 2021 Draft legislation published for the notification of uncertain tax treatments By Jack Slater Gregory Price Draft legislation is now available for the new regime which will require businesses to provide advance notice to HMRC of uncertainty in...
20 Jul, 2021 A natural next step: quantifying and addressing the impact of asset management on nature By Riley Forson As asset managers adapt to the need to disclose their approach to climate-related financial risks, integrate sustainability risk...
16 Jul, 2021 The future of UK regulation: the FCA’s new business plan By Gavin Haran The FCA has published its 2021/22 business plan. The publication of the plan was slightly delayed, which is perhaps unsurprising given...
16 Jul, 2021 Non-party v "real party": third-party costs orders and liquidators By Nikolas Ireland Sheila Dines The recent case of Official Receiver v Deuss [2021] EWHC 1842 (Ch) provides legal and insolvency practitioners with guidance as to the...
16 Jul, 2021 Law + tech: the next generation By Christopher Tart-Roberts In April, we opened applications for our first ever lawtech graduate scheme - a two year programme offering exposure to legal technology...
14 Jul, 2021 SFDR delayed by six months following concerns over greenwashing By Harriet Miller On 8 July 2021, the European Commission (EC) informed the European Council that the implementation of level 2 of the Sustainable...
09 Jul, 2021 Securitisation – EBA consults on risk retention and HMT consults on the UK Sec Reg By Edward Karsten Richard Fletcher EBA consults on risk retention The European Banking Authority (EBA) has launched a consultation on draft regulatory technical standards...
08 Jul, 2021 Britannia’s tax collectors rule the waves? By Damiano Sogaro Charishma Bhujohory Her Majesty’s Revenue and Customs (HMRC) maintained that no additional UK value added tax (VAT) would be payable by owners of pleasure...
07 Jul, 2021 Pension scheme arrangements clearing exemption extended to 2022 By Edward Karsten William Sykes The temporary clearing exemption for pension scheme arrangements, set out in article 89(1) of EU EMIR (as amended by EMIR Refit), has...