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Analysis - Conflicts in the Tax Code: Two case studies In The Prudential Assurance Company, the First-tier Tribunal was faced with a case of two provisions in the VAT rules producing contrary outcomes, with no clear way of determining which should prevail. In a similar vein, a familiar and long-standing confl... Euromoney and the main purpose test: is the case law consistent? In Euromoney, the FTT held that the share for share exchange provisions of TCGA 1992 s135 applied to the transaction in question. They were not disabled by the main purpose test in TCGA 1992 s137, even though the avoidance of a tax liability was one ... Acquisition Finance 2021 guide: UK chapter A guide to the key aspects of acquisition finance in the United Kingdom (England and Wales). This article includes a market overview and guidance on leveraged buyouts (LBOs), COVID-19 considerations, mezzanine/payment-in-kind (PIK) loans, bridge loans, hi... Employment Bulletin - June 2021 Committee panel member was a worker; Formal employer and secondee company vicariously liable; employer cannot cure fundamental breach; Dismissal was not materially influenced by whistleblowing Committee panel member was a worker Summary: The Employment ... Competition & Regulatory Newsletter (26 May - 8 June 2021) European Commission imposes fines on investment banks for taking part in a European Governments bonds trading cartel European Commission imposes fines on investment banks for taking part in a European Governments Bonds trading cartel On 20 May 2021 the ... Get set, update! European Commission publishes finalised SCCs for data transfers On Friday 4 June 2021, the European Commission published the final version of its long awaited standard contractual clauses for transferring personal data outside of the EEA (SCCs). It also published its template clauses for transfers between controllers ... Enhanced Listing Rules Relating to Disciplinary Powers and Sanctions This client briefing discusses significant enhancements to the Hong Kong Stock Exchange’s disciplinary powers under the revised Hong Kong Listing Rules. Background On 20 May 2021, The Stock Exchange of Hong Kong Limited (Exchange) published conclu... Cross-border Insolvency - What you should know as a creditor This briefing discusses the issues and considerations regarding cross-border insolvency and the latest developments in the insolvency space in the PRC and Hong Kong. With the global economic downturn, businesses may begin to show signs of insolvency. Ind... Making waves: IEA’s Roadmap to Net Zero by 2050 Last week, the International Energy Agency (IEA) released its landmark Net Zero by 2050: A Roadmap for the Global Energy Sector report offering the world's first comprehensive roadmap for transitioning the global energy system to net zero carbon by 20... Pensions Bulletin - May 2021 In this month’s Pensions Bulletin, we look at the Government consultation on legislation intended to help address pension scams by imposing new conditions on a member’s statutory right to transfer their pension benefits.  We then consider...