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The Corporate Insolvency and Governance Act: Key Measures The Corporate Insolvency and Governance Act (the “Act”) entered into force on 26 June 2020.  The Act makes three significant permanent reforms to our restructuring and insolvency regime, and also contains temporary measures designed to m... Cum/ex schemes: ESMA recommendations The European Securities and Markets Authority (ESMA) has recommended legislative change to enable National Competent Authorities (NCAs) to share information with tax authorities, but abandoned proposals to enhance NCAs’ supervisory powers to tackle ... EFIG: European Banking Newsletter - September 2020 Developments in this month's edition include: ICAAP practices - ECB publishes report New digital finance strategy for Europe/FinTech action plan - ESCB/European banking supervision responds to the European Commission’s consultation Expectat... Improving governance and reporting of climate-related issues in occupational pension schemes: Government publishes proposals This briefing summarises the August 2020 DWP proposals for trustees of larger pension schemes to comply with the TCFD Recommendations. blockquote { font-style: normal!important; border: none!important; } .quote--purple { background: #4e264f;... Hong Kong Court of Appeal clarifies when to assist foreign courts in obtaining evidence A client briefing on a Hong Kong court’s refusal to accede to a US court’s request for witness examination on the ground of impermissible fishing. Under the Evidence Ordinance (Cap 8) (Ordinance), the Hong Kong Courts may make orders to facil... New ICO guidance on AI: Privacy by design saves retro-fitting later Whether it is helping tackle COVID-19, or managing loan applications, the potential benefits of AI are clear. However, it can be difficult to balance the tensions that exist between some of the key characteristics of AI and GDPR compliance. In this briefi... Tax and the City Review for September 2020 Mike Lane and Zoe Andrews look at recent decisions in the Irish Bank case; Dodika; and Axa. They also consider the new economic crime levy. In the Irish Bank case, the Court of Appeal agrees with the Upper Tribunal that attribution of notional capital to... Competition & Regulatory Newsletter European Commission publishes findings of its evaluation of the Vertical Block Exemption Regulation On 8 September 2020 the European Commission concluded the first part of its review of the Vertical Block Exemption Regulation by publishing a staff workin... Employment Bulletin - September 2020 The Employment Appeal Tribunal confirmed that an employee who resigned after the employer sought to “map” her into a new role, rather than treating her as redundant, was constructively dismissed (Argos Ltd v Kuldo).   Topics include: ... Break fees and VAT HMRC had for some time taken a somewhat arbitrary position in relation to the VAT liability of payments made by a party terminating a contract, such as a break fee under a lease.  In their view, the treatment depended upon whether the termination pro...