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BLOG: Progress on international tax reform? I may have previously complained about the stream of consultations on different aspects of the OECD's international tax reform project, but now, in the face of the back-and-forth of UK domestic tax policy, I almost find myself taking solace in its steady ... Energy Prices Bill: Unprecedented intervention in UK energy markets The UK Government introduced the Energy Prices Bill in Parliament on 12 October 2022, launching a raft of measures that represent a level of intervention in the UK energy market not seen since privatisation more than 30 years ago. In this article, we cons... Tax and the City Review for October 2022 In Burlington, the FTT considers, for the first time, the purpose test which often appears in double tax treaties. The UT dismisses HMRC’s appeal in Aozora GMAC confirming that unilateral relief is available for US withholding tax on interest paid t... Managing cyber risks: key lessons from recent litigation and enforcement action This morning, the Information Commissioner’s Office (ICO) announced that it had fined Interserve Group Limited (Interserve) £4,400,000 for breaches of the UK GDPR which came to light following a May 2020 cyberattack. This is the fifth enforcem... How should you respond to a personal data breach in Hong Kong? A major hotel group has recently reported a data leak to the Office of the Privacy Commissioner for Personal Data (the “PCPD”) in Hong Kong. Reportedly, it was hit by a cyber hack a few months ago and, as a result, certain data files concernin... EFIG: European Banking Newsletter - April 2022 Developments in this month's edition include: CRD IV - ECB Decision on the exclusion of staff members from the presumption of having a material impact on risk profile published in OJ Climate-related and environmental risks disclosures - ECB publis... FX collective proceedings: analysing the CAT's certification and carriage judgment Competition Appeal Tribunal hands down its judgment in respect of competing applications for a collective proceedings order, based on the European Commission’s Forex settlement decisions.  1. Overview On 31 March 2022, the Competition Appea... Pensions Bulletin - March 2022 GMP equalisation: transfers and conversion: conflict in Ukraine; accessing flexible benefits; illiquid assets; PLSA Stewardship and Voting Guidelines; new notification requirements for DB schemes In this month’s Pensions Bulletin, we cover: HMRC... GMP equalisation: Transfers, conversion and tax: An update On 6 April 2022, HMRC issued their third newsletter on GMP equalisation, giving helpful guidance on how transfer top-ups fit with the tax regime, and a welcome update and some limited guidance on conversion. Summary On 6 April 2022, HMRC issued their th... BLOG: NFTs: a new kind of minting for the UK Mint Despite acknowledging that "there isn’t even consensus on what the implications of crypto are… when or whether we’re going to reach some kind of steady state… or even whether crypto itself is a good thing", Economic Secretary to the Treasury John Glen&nbs...