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FRC publishes updated Corporate Governance Code and Associated Guidance On 24 January the FRC published the final version of the UK Corporate Governance Code 2024 (Code), with the accompanying Corporate Governance Code Guidance (Code Guidance) published a week later. This briefing looks at the key changes and highlights some ... Dawn raids by the CMA or the European Commission: a first aid kit This first aid kit sets out the key “dos” and “don’ts” of how you should handle a dawn raid by the CMA or the European Commission. To investigate potentially anti-competitive activities, officials from the Competition and Ma... Competition & Regulatory Newsletter: European Commission updates market definition guidance to reflect new market realities On 8 February 2024, the European Commission adopted a revised version of its Market Definition Notice. It is the first time the Notice has been updated since 1997, with the changes reflecting new market realities such as digitalisation and globalisation. ... Change is afoot for Cyber Governance For some time we have been saying that cyber risk, like all business risks, is ultimately a corporate governance issue. Whilst the CISO / IT team have responsibility in the risk register, it is the board who has responsibility for setting risk appet... Tax and the City Review - February 2024 In their latest Tax and the City article, Mike Lane and Zoe Andrews consider the possible implications for main purpose tests of the discussion of the meaning of ‘incidental’ by the Court of Appeal in Dolphin Drilling. They also discuss HMRC&r... Digging Deeper on Non-Financial Misconduct: FCA Launches Non-Financial Misconduct Survey for Lloyd's and London Market Intermediaries and Managing General Agents The FCA is asking businesses in the UK insurance market to provide information related to incidents of non-financial misconduct via a survey by 5 March 2024, including those that they have not already reported to the FCA.  In this briefing we explore... Competition Law in the Digital Age - February 2024 Our Competition Law in the Digital Age newsletter is intended to provide insights on modern-day competition law developments in a bite-sized format. This edition covers the G7 Digital Competition Communique, the Spanish AI regulatory sandbox, the DMA desi... All set for the new year: Revamped merger review regime approved in China In January 2024, China adopted the long-awaited amendments to its merger notification thresholds with immediate effect. These changes, along with last year’s revisions to the merger review rules, wrap up a complete overhaul of China’s merger r... What do(n’t) we know about restructuring plans after Adler? A lot has already been written on the Court of Appeal decision in Adler. We’ve reflected on the decision and packaged up our key thoughts on what this means for the design and use of Part 26A restructuring plans going forwards. Whilst some ques... Strengthening the chain: European Commission proposes reforms to EU foreign direct investment regulation to address divergence and blind spots The European Commission has published proposed reforms to the EU Foreign Direct Investment Regulation. These proposals are focused on increasing the effectiveness and efficiency of the Regulation, and improving harmonisation across the national screening ...