Search results

Employment Bulletin - March 2022 Non-competition covenant enforceable in service agreement but not in shareholders’; aiding discrimination caught by settlement agreement; Employment Tribunal compensation limits; committee panel member was worker Topics covered in this bulletin: &... Competition & Regulatory Newsletter: CMA conditionally clears Cellnex/CK Hutchison merger with divestments On 3 March 2022 the Competition and Markets Authority announced it has conditionally cleared the anticipated acquisition of the UK passive infrastructure assets of CK Hutchison Networks Europe Investments S.À R.L by Cellnex UK Limited, subject to t... Russia / Ukraine Crisis and Derivatives Potential impact of events including restrictions on Russian entities and payments in RUB Derivatives market participants are amongst those currently trying to assess and manage their exposures in light of Russia’s invasion of Ukraine. Parties... Real change for the UK prospectus regime? In March 2022 the UK Government published a policy paper on reform of the UK prospectus regime. The proposed changes are designed to take forward the prospectus-related recommendations made by Lord Hill in his March 2021 UK Listings Review, which were aim... Getting closure in transfer pricing and DPT enquiries Recent cases, including Embiricos and Vitol, have clarified the circumstances in which taxpayers can bring finality to protracted enquiries by applying to the court for the issuance of closure notices. However, the taxpayer’s victory in Vitol has be... BLOG: Provisional agreement reached on the European Union's Carbon Border Adjustment Mechanism The Council of the European Union issued a press release on Tuesday, stating that negotiators representing the European Parliament and Council had agreed terms on which to implement a Carbon Border Adjustment Mechanism (CBAM). This agreement con... R&D tax relief - implications for life sciences sector In 2020, the life sciences sector had an annual turnover of £89 billion. As UK investment in the life sciences sector continues to grow, a natural consequence is that the research and development (R&D) tax regime will play a key role in incentiv... Employment Bulletin - December 2022 Topics covered in this bulletin: Changes to the right to request flexible working Payment under settlement agreement taxed as employment income Providing new role on redundancy without interview was not a reasonable adjustment Existing disc... HMRC v BlackRock Holdco 5 LLC: transfer pricing and unallowable purpose Mike Lane on the Upper Tribunal decision in HMRC v BlackRock Holdco 5 LLC on transfer pricing and the loan relationships unallowable purpose rule. First published in the British Tax Review. Case comment by Mike Lane on the Upper Tribunal decision  ... Takeovers Executive issues new Practice Note 24 The Takeovers Executive recently issued a new Practice Note 24, which sets out guidance on how the Executive will treat the appointment of an independent receiver or liquidator over a controlling interest in a Hong Kong public company, and when an offer p...