Search results

Are minimum resale prices allowed? A fresh look at vertical price restraints in Hong Kong Many suppliers and distributors in Hong Kong often see some form of control over resale prices in their distribution contracts. In Hong Kong, the legality of vertical price restraints remains untested, and official guidance on resale price maintenance (RP... Acquisition Finance 2023 guide: UK chapter A guide to the key aspects of acquisition finance in the United Kingdom (England and Wales). This article includes recent market and legal developments, together with an overview of the debt structures typically used and documentation considerations under... Competition & Regulatory Newsletter: CMA provisionally finds that Hitachi/Thales merger raises competition concerns at Phase 2 On 8 June 2023, the Competition and Markets Authority (CMA) provisionally found that Hitachi Rail’s proposed acquisition of Thales’ ground transportation business could reduce competition in the supply of digital mainline and urban signalling ... Insurance briefing HM Treasury has published two draft statutory instruments which will allow it to implement reforms to the risk margin and the matching adjustment ahead of other proposed reforms to UK Solvency II. UK Solvency II implementation – the risk margin and... BLOG: Transfer pricing, permanent establishment and diverted profits tax reform The changes proposed by the UK government in its consultation on the reform of the transfer pricing, permanent establishment and diverted profits tax legislation are intended to ensure equal treatment between multinationals and other enterprises, simplify... Tax and the City Review for June 2023 In their latest Tax and the City article, Mike Lane and Zoe Andrews consider HMRC’s revised and expanded guidance on the loan relationships unallowable purpose test, noting that it is subject to change as some of the cases which it references are no... The next frontier: EU/UK competition law and labour markets Competition authorities are increasingly focusing their enforcement actions on labour market issues. Practices such as wage-fixing, no-poach and non-compete agreements, and the exchange of competitively sensitive information are coming under the regulator... EFIG: European Banking Newsletter - June 2023 Development's in this month's edition include:  Leverage ratio calculation - ECB v Crédit Lyonnais Signposting tool for supervisory reporting - EBA publishes statement  MLD4 - EBA publishes Consultation Paper  CRR - Pri... Competition & Regulatory Newsletter: European Commission adopts new horizontal block exemption Regulations and Guidelines On 1 June 2023, the Commission published its long-awaited revised Research and Development Block Exemption Regulation and revised Specialisation Block Exemption Regulation (together, HBERs), alongside revised Guidelines on horizontal cooperation. The revi... Value for money: a changing retail investment landscape in the UK and the EU This briefing examines the developing regulatory landscape, looking specifically at the European Commission's recently published Retail Investment Strategy (RIS) that would require manufacturers and distributors of investment products to ensure that t...