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Is London Calling (again) for the EU Copyright Directive? The EU Copyright Directive had appeared to be casualty of Brexit, but might now get a second wind.  As Mayor of London, Boris Johnson was once asked how he listens to music, “Have you discovered this wonderful thing called YouTube? I am afraid I just dial...
UK-Japan trade agreement – what are the initial takeaways? In September, UK Trade Secretary Liz Truss confirmed an agreement with Toshimitsu Motegi, the Japanese Foreign Minister, in the UK’s first major post-Brexit trade deal – which could potentially impact British and Japanese companies when eventually...
Shape of future subsidy regime for the UK remains unclear No new rules before the end of the Brexit transition period The UK Government has confirmed that there will be no new UK rules on subsidies in place before the end of the Brexit transition period and that it will introduce legislation that will repeal...
Holding back the tide? UK MAR and EU MAR to remain aligned, for the while In Bulmer v Bollinger [1974] Lord Denning famously observed that "[EU law] is like an incoming tide. It flows into the estuaries and up the rivers. It cannot be held back." Under the European Union (Withdrawal) Act 2018, on 31 December 2020 at 11:00 pm...
The future of remuneration: to CRD V and beyond... The Capital Requirements Directive V (known as CRD V) introduces a number of remuneration requirements affecting banks, building societies and designated investment firms. The UK is required to onshore these requirements under the terms of the EU...
3 July talks end in deadlock The Brexit talks re-started in London this week, with parties seemingly some way apart on a number of issues after last week's talks ended in deadlock. This briefing, prepared by Tolek Petch, lawyer in our trade unit, surveys the state of play as at 3...
Will there be a deal? The Brexit talks are ongoing – until a deal is in clear sight, businesses must remain mindful of the WTO alternative. This briefing, prepared by Tolek Petch, lawyer in our trade unit, contains a reminder of the key aspects of the WTO regime.
The slow but inevitable shift from the EU financial services rulebook In recent weeks, we have gained some limited visibility on the UK’s intentions for the post-Brexit regulatory framework for financial services in a series of written statements, papers, and consultations.  These documents refer to a range of regulatory...
UK Prospectus Regime Reforms Approach Next Milestone The final draft Public Offer and Admissions to Trading Regulations 2023, first announced as part of the Edinburgh Reforms last year, have been published and laid before Parliament. The Regulations will lay the foundations for the new UK Prospectus Regime,...
Divergence, Convergence and Challenges: Trends on GDPR Enforcement Across Europe and the UK A version of this article first appeared in the Privacy Law & Business UK Report, Issue 118 (November 2021) The introduction of the General Data Protection Regulation (EU) 2016/679 (the "GDPR") in May 2018 was a dramatic step forward in...