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UK Financial Services - The Next Chapter In this briefing we summarise and examine the proposals published on 9 December 2022 referred to as the Edinburgh Reforms, including the HM Treasury policy statement on the approach to the repeal of financial services retained EU law. The Edinburgh refor... Pensions Bulletin - December 2022 LDI crisis; The Pensions Regulator’s enforcement strategy; Pensions dashboards; Guidance on international transfers of data; rectification of pension increase provisions In this month’s Pensions Bulletin, we cover:  A statement by the... Competition & Regulatory Newsletter: CMA publishes final report in music and streaming market study On 29 November 2022, the Competition and Markets Authority published its final report in connection with its market study into music and streaming services. The market study considered, amongst other things, whether any potential lack of competition betwe... Asset Management – Hot Topics, Winter 2022 Our Winter 2022 edition of the Asset Management Hot Topic series covers some of the key developments affecting the sector including the FCA's Consumer Duty, ongoing regulatory developments relating to ESG and the retailisation of private capital. Wel... BLOG: New double taxation agreement between the UK and Brazil In September 2022, Brazil and the UK announced a first round of negotiations for a double taxation agreement (DTA) following several years of discussions on technical and policy issues. It appears that the formal negotiations progressed well, given that a... Employment Bulletin - November 2022 Topics covered in this bulletin: Future employment legislation CAC’s jurisdiction over European Works Councils post Brexit Dismissal “vanished” on successful appeal even though employee did not want reinstatement Horizon s... Competition & Regulatory Newsletter: Court of Justice issues judgment in Fiat State aid case On 8 November 2022, the European Court of Justice handed down its judgment in the Luxembourg and Fiat case, finding that the European Commission and the General Court had erred in their conclusion that Luxembourg had granted unlawful State aid to Fiat. Th... COP27 – Summary of key announcements A breakthrough emerged on Sunday morning, with the announcement that almost 200 countries had agreed to set up a fund to cover the “loss and damage” that vulnerable nations are suffering due to climate change – a particularly contentious... BLOG: A capital mess? The Court of Appeal’s judgment in Centrica Overseas Holdings In what is thankfully an unusual occurrence in legal practice, I was about to press send on an email advising a client on an issue (in this case, the deductibility of expenses incurred in respect of the sale of a subsidiary), very much relying on the Uppe... Tax and the City Review for November 2022 Mike Lane and Zoe Andrews discuss the VAT decisions of the CJEU in O Fundusz (sub-participation agreements) and of the Supreme Court in NHS Lothian (VAT recovery), HMRC’s Guidelines for Compliance, the OECD’s report on tax incentives and the U...