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Transforming Interest Rate Benchmarks - Twist or stick? New LMA drafting to future-proof LIBOR-referencing loans The Working Group on Sterling Risk-Free Reference Rates (the Sterling Working Group) has recommended that from the end of Q3 2020 (in other words, from now on), all new and refinanced LIBOR-referencing loans maturing beyond end-2021 should include “... Pensions Bulletin - September 2020 Welcome to the September 2020 Pensions Bulletin from Slaughter and May. In this month’s edition, we focus on the Government’s proposals for climate risk reporting by large pension schemes and recent announcement on the increase in the nor... Competition Law in the Digital Age This edition covers the EU's new regulatory proposals and inquiries, a German Federal Court judgment regarding Facebook and the UK's digital advertising market study. Our Competition Law in the Digital Age newsletter is a quarterly publication in... The Corporate Insolvency and Governance Act: Key Measures The Corporate Insolvency and Governance Act (the “Act”) entered into force on 26 June 2020.  The Act makes three significant permanent reforms to our restructuring and insolvency regime, and also contains temporary measures designed to m... Cum/ex schemes: ESMA recommendations The European Securities and Markets Authority (ESMA) has recommended legislative change to enable National Competent Authorities (NCAs) to share information with tax authorities, but abandoned proposals to enhance NCAs’ supervisory powers to tackle ... EFIG: European Banking Newsletter - September 2020 Developments in this month's edition include: ICAAP practices - ECB publishes report New digital finance strategy for Europe/FinTech action plan - ESCB/European banking supervision responds to the European Commission’s consultation Expectat... Improving governance and reporting of climate-related issues in occupational pension schemes: Government publishes proposals This briefing summarises the August 2020 DWP proposals for trustees of larger pension schemes to comply with the TCFD Recommendations. blockquote { font-style: normal!important; border: none!important; } .quote--purple { background: #4e264f;... Hong Kong Court of Appeal clarifies when to assist foreign courts in obtaining evidence A client briefing on a Hong Kong court’s refusal to accede to a US court’s request for witness examination on the ground of impermissible fishing. Under the Evidence Ordinance (Cap 8) (Ordinance), the Hong Kong Courts may make orders to facil... New ICO guidance on AI: Privacy by design saves retro-fitting later Whether it is helping tackle COVID-19, or managing loan applications, the potential benefits of AI are clear. However, it can be difficult to balance the tensions that exist between some of the key characteristics of AI and GDPR compliance. In this briefi... Tax and the City Review for September 2020 Mike Lane and Zoe Andrews look at recent decisions in the Irish Bank case; Dodika; and Axa. They also consider the new economic crime levy. In the Irish Bank case, the Court of Appeal agrees with the Upper Tribunal that attribution of notional capital to...