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Real Estate Newsletter - February 2024 Topics include: Property guardians - Global 100 v Carlos Jimenez; Building Safety Act - Adriatic Land 5 v Leaseholders of Hippersley Point; Injunctions - Wolverhampton City Council v London Gypsies and Travellers; Binding Contract - Pretoria Energy ... Competition & Regulatory Newsletter: Amazon/iRobot proposed transaction withdrawn due to EU competition concerns On 29 January 2024, Amazon and iRobot announced their mutual agreement to abandon their proposed merger ahead of the February deadline for the European Commission’s review of the deal. Earlier in January, the Commission had informed Amazon of its in... HSBC fined for historic depositor protection failings - Lessons for banks On 30 January 2024 the PRA published a final notice imposing a financial penalty on HSBC Bank PLC and HSBC UK Bank PLC of £57,417,500 for historic depositor protection failings. In this briefing, we cover what happened and ask what lessons can be le... Final regulations on funding and investment strategies – what next? DWP has published its response to consultation on the draft funding regulations that were issued for consultation in July 2022 along with the final version of the regulations. The regulations are now going through the parliamentary approval process and du... Regulating Building Safety: A review of the Building Safety Act 2022 Almost five years after the Grenfell Tower tragedy the Building Safety Act 2022 introduced an extensive and complex new regime for building safety. The Act itself runs to 333 pages and provides for a substantial amount of secondary legislation, some of wh... BLOG: A Dicey Decision – or not really a tax case at all? The spectre of Albert Venn Dicey, the greatest of Victorian constitutionalists, looms large at the feast. In Skatteforvaltningen v Solo Capital Partners, the UK Supreme Court held that the Danish revenue authority (SKAT) was not precluded by reason of Dic... Solvent exit planning for insurers On 23 January 2024 the PRA published a consultation on Solvent exit planning for insurers (CP2/24). The consultation adds to a range of recent developments in recovery and resolution requirements for insurers, including the introduction into FSMA in Septe... General Code of Practice: Next Steps for Trustees The Pensions Regulator’s long awaited General Code was laid before Parliament on 10 January 2024. The Regulator says, in the accompanying press release, that the Code is expected to come into force on 27 March 2024. The Pensions Regulator’s l... Out of scope? Courts refuse to stay court proceedings that fall outside an arbitration clause In Mozambique v Privinvest, the Supreme Court has for the first time provided guidance on the stay provisions in section 9 of the Arbitration Act 1996, which was applied by the High Court in Município de Mariana v BHP. The decisions are an importan... Competition & Regulatory Newsletter: Advocate General Kokott proposes that European Court of Justice uphold Google Shopping fine On 11 January, Advocate General Kokott handed down her opinion that the European Court of Justice should confirm Google’s €2.4 billion fine for favouring its own comparison shopping service in its general search results. The case goes to the cr...