Search results

Insurance newsletter - May 2021 In this newsletter we look at: FCA consultation on a new Consumer Duty, Operational resilience, Amendments to insolvency arrangements for insurers, and Climate change – insurance developments. In this newsletter: FCA consultation on a ... Competition & Regulatory Newsletter (12 - 25 May 2021) General Court issues judgment in Amazon and Engie tax rulings cases General Court issues judgment in Amazon and Engie tax rulings cases On 12 May 2021 the EU General Court delivered two judgments; both in the context of State aid and tax rulings. The Ge... New Statutory Regime for Insurance Groups: AIA, FWD and Prudential In March 2021, the Hong Kong Insurance Authority was granted statutory powers to regulate insurance groups. The relevant groups are AIA, FWD and Prudential. On 29 March 2021, legislation came into operation which amended the Insurance Ordinance (Cap. 41)... Tax and the City Review for May 2021 Mike Lane and Zoe Andrews look at the decisions in Euromoney and M Group Holdings Limited; amendments to the Finance Bill; and updated HMRC stamp taxes guidance on submitting electronically. The FTT in Euromoney finds in favour of the taxpayer that &lsqu... Incentives Bulletin - May 2021 In this Bulletin, we look at the Financial Reporting Council’s report on directors’ remuneration reporting by listed companies, the FCA’s consultation on a new remuneration code for Collective Portfolio Management Investment Firms, PIRC&... From CCCTB to BEFIT: the European Commission's plan to future-proof taxation The Commission's Communication on Business Taxation for the 21st century sets out reams of important tax policy announcements, whilst evidencing what seems like a growing enthusiasm for acronyms on this side of the Atlantic. The Winds of Change: Option fees for offshore projects In February, the Crown Estate announced the successful bidders of its much anticipated Offshore Wind Leasing Round 4, the first auction round since 2010. These results – and, most particularly, the option fees bidders were willing to pay &ndash... The Lugano Convention: A setback for UK accession, but we’ll always have The Hague The UK’s chances of re-joining the Lugano Convention, an international agreement on jurisdiction and the enforcement of judgments, have been dented by the European Commission’s recommendation that the EU not consent to the UK’s accession... The Class Actions Law Review - 5th edition - Hong Kong chapter Class actions and major group litigation can be seismic events, not only for the parties, but also whole industries and parts of society. The Class Actions Law Review (5th edition) explains the relevant procedures, developments and factors in play in some... Supreme Court confirms (again) that Ramsay is a principle of statutory construction We all love a good Ramsay case.  Particularly one from the Supreme Court which does not upset the apple cart and require a re-learning of principles!  And one in which HMRC is not involved makes for an interesting change.