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"Landmark" Pensions Bill completes Parliamentary process Overview of provisions in the Pension Schemes Bill 2019/21 covering: new Pensions Regulator powers and penalties, Pensions Dashboards, changes to defined benefit scheme funding, action in relation to climate change risk, and new restrictions on transfers ... The Banking Litigation Law Review - Hong Kong Chapter - 4th Edition Hong Kong chapter of the fourth edition of The Banking Litigation Law Review which considers recent legal developments in banking litigation. Litigation involving banks shows little sign of slowing and continues to evolve. Disputes that have arisen in th... Competition & Regulatory Newsletter (13 - 26 January 2021) European Court of Justice issued judgment on duration of bid-rigging infringement European Court of Justice issued judgment on duration of bid-rigging infringement  The European Court of Justice ruled that the duration of a winning company’s ... The Banking Litigation Law Review - United Kingdom Chapter - 4th Edition UK chapter of the fourth edition of The Banking Litigation Law Review which considers recent legal developments in banking litigation. Litigation involving banks shows little sign of slowing and continues to evolve. Disputes that have arisen in the past ... Tax and the City Review for January 2021 Mike Lane and Zoe Andrews consider the decisions in Warshaw, Development Securities, and Gallaher; the impact on the UK’s tax rules of the EU-UK Trade and Co-operation Agreement; and the latest report on the Code of Practice on Taxation for Banks. ... Transforming Interest Rate Benchmarks – The loan market is transitioning to risk-free rates We have observed a fairly sharp increase in the number of risk-free rate (RFR) linked and rate switch facilities over the last three months. As the number of completed transactions grows, banks are in general becoming more confident with RFRs and the poin... Precautionary measures: who gets to decide? In Heavyinstall, the CJEU decided that, where one EU Member State requests that another takes precautionary measures, such as seizing assets, to ensure that the first will be able to recover a tax debt, it is bound by the first’s “as... Pillar Two: simplification is key Simplification was a key theme of the public consultation on the OECD’s two-pillared international tax reform proposal. Zoe Andrews has already commented on the consultation responses on Pillar One which seeks to re-allocate taxing rights to market ... Managing LIBOR Derivatives - FAQs for Corporate Treasurers The ISDA IBOR Fallbacks Supplement (the Supplement) and Protocol (the Protocol) were published last October, but are currently the subject of increasing focus as their effective date, 25 January, becomes imminent. Many corporate treasurers are considering... Business Interruption Test Case – Supreme Court Judgment The Supreme Court handed down its judgment in the appeals of the test case on business interruption insurance on 15 January 2021. This followed “leapfrog” appeals from the High Court, after the Financial Conduct Authority, acting on behalf of ...