Search results

Tax and the City Review for October 2023 In their latest Tax and the City article, Mike Lane and Zoe Andrews consider the draft legislation to enact the EU-derived exemption from 1.5% stamp taxes on the issuance and transfer of securities to a clearance service or depositary receipt issuer; and ... CMA publishes its sustainability guidance On 12 October 2023, the CMA published its final guidance on the application of competition rules to environmental sustainability agreements (ESAs) between competitors. In line with the CMA’s increasing focus on environmental issues, this guidance pr... Lower bar for merger scrutiny? First below-threshold deal cleared with conditions in China In September, details emerged of a transaction in the Chinese pharmaceutical sector, whereby a below-threshold acquisition underwent an extensive review process involving the Chinese competition authority’s “stop-the-clock” powers. The r... Cineworld: Restructuring goes to Hollywood Following its acquisition of the Regal cinema chain in the US in 2018, Cineworld, with its English-incorporated parent company, London premium listing and status as a household name in the UK cinema industry, became a truly transatlantic business.  ... British Tax Review - Finance (No.2) Act 2023 Notes: Section 10 and Schedule 1: relief for research and development Section 10 of and Schedule 1 to the Finance (No.2) Act 2023 make four key changes to the UK’s tax relief regimes for research and development, the research and development expenditure credit which generally applies to “large” companies a... British Tax Review - Finance Act 2023: Section 4: amount of relief for expenditure on research and development Section 4 of the Finance Act 2023 makes various changes to the rates of relief in respect of the UK’s tax relief regimes for research and development, the research and development expenditure credit which generally applies to “large” com... EFIG: European Banking Newsletter – October 2023 Developments in this month's edition include: Climate-related litigation risks – ECB publishes speech EBA launches 2023 EU-wide transparency exercise MREL reforms – ECON publishes draft report Resolvability heat map – SRB publi... Competition & Regulatory Newsletter: Sustainability issues in merger review The treatment of sustainability issues in merger review is an increasingly hot topic. This interest is reflected in the September edition of the Competition Merger Brief, which notes that sustainability considerations are an increasingly relevant and impo... Hong Kong Spin-Off Listings: Key Considerations This publication highlights the key considerations for businesses contemplating a Hong Kong spin-off listing. Introduction This publication highlights the key considerations for businesses contemplating a Hong Kong spin-off listing. Spin-off listing re... Planning for RPI reform Reform of the Retail Prices Index (“RPI”) may expose issuers of, and investors in, RPI-linked securities to the risk of uncertainty in determining the applicable inflation rate for those securities after 2030. This will be particularly relevan...