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FCA makes cessation and “pre-cessation” announcement for all LIBOR tenors This morning, the FCA announced the dates on which all 35 LIBOR rates will either cease or will lose representativeness (“pre-cessation”). The FCA's announcement FCA’s announcement also specifies the LIBOR tenors for which the p... The corporation tax rise in pictures... For those who prefer to think in pictures, this chart from the OBR's 2018 report "Why have onshore CT receipts performed so well since 2013-2014?" is a very neat illustration of the balance of measures that have more or less offset each prev... 2021 HR Budget Briefing Our 2021 HR Budget Briefing, summarises the key implications for employees and their employers of the UK Budget announced on 3 March 2021. Many commentators will rightly focus on the extension of the employee furlough regime until September, but ther... Has the Chancellor really just announced a UK corporation tax rise of over 30%? TLDR – yes, it seems he has. The Chancellor is still trumpeting the rate as the lowest in the G7, even after the rise. But for those watching as the effective corporate tax rate shoots up above those of many of the UK’s competitors, the impact... UK’s March 2021 Budget: Spend now – pay later The UK’s headline corporation tax rate is set to rise to 25% from April 2023 (with a commensurate increase in the diverted profits tax rate) – but, in the short-term, economic support will continue, including through an enhanced loss carry-bac... The Arbitration (Amendment) Bill 2021 The Arbitration (Amendment) Bill 2021 was introduced to implement two major provisions of the Supplemental Arrangement that require local legislative amendments to take effect. In our recent briefing, we discussed the key features of the Supplemental Arr... Data Privacy Newsletter - March 2021 Selected legal and regulatory developments in data privacy for March 2021 We were all relieved last week when the European Commission announced that they had published draft adequacy decisions for transfers of personal data to the UK. The news is al... Parent Company Liability back in the Supreme Court The English courts have become a popular destination for foreign claimants seeking damages from UK-domiciled parents for the alleged wrongful actions of their overseas subsidiaries. A new judgment from the Supreme Court gives useful guidance on the applic... 2021 General Meetings and the impact of COVID-19 Holding AGMs and general meetings during the pandemic has not been without its challenges. Provisions contained in the Corporate Insolvency and Governance Act 2020 (“CIGA”) have helped, but they expire on 30 March 2021. Whilst we have long be... Competition & Regulatory Newsletter (10 - 23 February 2021) European Commission fines gaming companies for geo-blocking practices Commission accepts commitments by Aspen to address its excessive pricing On 10 February 2021 the European Commission announced that it had accepted legally binding commitments offered...