Jun 30, 2022 Private residence relief – an encouraging decision for self-builders By Thomas Schlee One of the most widely known features of the UK’s capital gains tax regime is private residence relief, which exempts all capital gains...
Jun 30, 2022 Sanctions enforcement: $30bn of Russians’ assets frozen or seized (and the UK levies a £15,000 fine) By Neill Blundell Helen Harvey Jessica Arapu On 29 June 2022, the Russian Elites, Proxies, and Oligarchs (REPO) Task Force, a multi-national group aimed at seizing or freezing the...
Jun 27, 2022 Commission accused of using information requests as “fishing expedition” before EU court By Ciara Barbu-O'Connor Richard Pepper Like many agencies, the European Commission increasingly requests large volumes of internal documents for its antitrust investigations...
Jun 24, 2022 Office of Financial Sanctions Implementation: looking to upscale and upskill By Neill Blundell Helen Harvey Helin Gurel On Wednesday 22 June, the director of the Office of Financial Sanctions Implementation (“OFSI”), Giles Thomson, speaking to the House of...
Jun 24, 2022 Private debt roundtable part 2: Macro trends and influences By Jamie Macpherson Jamie Macpherson, senior counsel in our finance team, joined a discussion hosted by Aztec Group on the impact of the current economic...
Jun 24, 2022 Narrowing the scope of Section 1782 applications By James Popperwell Nikolas Ireland Jessica Arapu Under 28 U.S.C. § 1782 (“Section 1782”), US federal district courts may order parties based in the US to provide evidence for “use in a...
Jun 22, 2022 Updated Qualifying Asset Holding Company guidance on the activity condition By Rhiannon Kinghall Were HMRC recently updated its guidance on the distinction between trade versus investment in relation to the Qualifying Asset Holding Company...
Jun 21, 2022 Know your fraud: specific fraud risk rather than general red flags are needed to invoke the Quincecare duty By Lorna Emson Nikolas Ireland James Reid The Quincecare duty has made the news once again. We recently commented on RBS v JP SPC 4 & another [2022] UKPC 18 and Philipp v Barclays...
Jun 16, 2022 Private debt roundtable part 1: LIBOR changes and transition By Jamie Macpherson Jamie Macpherson, senior counsel in our finance team, joined a discussion hosted by Aztec Group on the transition from LIBOR and its...
Jun 15, 2022 New strict liability offence for financial sanctions comes into force today, amongst others By Neill Blundell Francis Bond Jessica Arapu Following the Economic Crime (Transparency and Enforcement) Act 2022’s expedited passage through Parliament in March 2022, the Office of...
Jun 14, 2022 UK defers Pillar 2 commencement to 31 December 2023 By Bezhan Salehy Rhiannon Kinghall Were In a surprise announcement today the UK government has postponed the start date for its Pillar 2 top-up tax rules by nine months to 31...
Jun 13, 2022 Corporate criminal liability: ten options for reform By Neill Blundell Helen Harvey Max Hobbs The UK’s Law Commission has published its options paper for reform of corporate criminal liability. This much-anticipated report sets out...
Jun 09, 2022 A more appealing position: changes to applying for permission to appeal By Sophie Rhind As a successful party in litigation, content with the outcome of a decision, you would not expect to have to give immediate consideration...
Jun 09, 2022 EU court dismisses CFC State aid appeal By Bezhan Salehy Yesterday the EU General Court delivered its judgement in the Controlled Foreign Company (CFC) state aid case. Both the UK government and...