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BLOG: A bridge towards better business: The positive case for updating directors' duties The rising cost of living along with the energy, climate change, water, pollution and other crises are all bearing down on people and the communities they live in. As pressure increases, it brings to the surface questions about real sustainability leaders... BLOG: Taxpayer wins double tax treaty purpose test case With Article 7 of the OECD's Multilateral Instrument containing a Principal Purpose Test (or PPT) tax authorities, taxpayers and tax advisers alike are going to have to spend more time in the future considering when an arrangement or transaction... Most Favoured Nation Clauses Back in Favour? Competition Appeal Tribunal upholds Compare the Market’s appeal of CMA decision Competition Appeal Tribunal upholds Compare the Market’s appeal of CMA decision On 8 August, the UK Competition Appeal Tribunal (CAT) unanimously upheld Compare ... Hong Kong Companies Ordinance Update: Protected Information of Directors This briefing highlights the upcoming measures aimed at protecting certain sensitive information of directors of Hong Kong-incorporated companies and registered non-Hong Kong companies, and the actions that companies should take in light of the new regime... Two deals by Chinese companies blocked under the UK’s National Security and Investment Act Since the introduction of the National Security and Investment Act 2021 (the NSIA or the Act) in January 2022, the UK government has now twice exercised its powers under the Act to block a transaction on national security grounds. Both instances relate to... BLOG: UK advances multinational top-up tax despite mostly a lack of progress elsewhere The US has finally passed some tax legislation in the form of the Inflation Reduction Act. But before you get too excited, it does not implement either of the two pillars of international tax reform. Disappointingly, there are no changes to the US GILTI r... Employment Bulletin - August 2022 Topics covered in this bulletin: Government guidance on employment status Employer could dismiss and re-engage employees with protected pay Court of Appeal confirms dismissal of whistleblower for criticising colleague was not automatically unfair Te... Competition & Regulatory Newsletter: CMA reimposes Pfizer and Flynn fines for excessive pricing On 21 July 2022 the Competition and Markets Authority issued a second infringement decision against Pfizer and Flynn following its in-depth remittal investigation. The CMA fined the companies a combined £70 million, finding - as it had done in 2016 ... The Lending and Secured Finance Review - 8th edition - Hong Kong chapter The Lending and Secured Finance Review provides an overview of the developments in the corporate lending and secured finance markets in 16 different countries and the challenges and opportunities facing market participants. The Hong Kong chapter in the 8... BLOG: Euromoney: Taxpayer prevails before the Upper Tribunal At first instance, Euromoney had been decided in favour of the taxpayer and my colleague’s post on the decision surmised that “HMRC may be so disheartened by the FTT’s factual findings that they abandon the fight”. This did not come to pass. HMRC appealed...