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Getting the Deal Through - Debt Capital Markets (United Kingdom) 2020 UK and EU legal and regulatory framework of the debt capital markets, and factors which influence the market, including the documentation and execution of transactions. The UK has a very active debt capital markets known for their internationalism, ... No fixed establishment through parent-subsidiary relationship Or at least not automatically. A company established outside the EU does not have a fixed establishment for VAT purposes in an EU Member State merely because it has a subsidiary in that Member State. The Court of Justice confirmed this, and that a supplie... Partnership taxation: still a work in progress? Given the general view of partnership taxation – “they’re just transparent, right?” – it is somewhat surprising that how a partnership interest is accounted for, or whether a pre-sale profit distribution is made, or even poss... Latest decisions relating to breaches of directors’ duties This briefing looks at two recent cases where directors are disqualified, censured and criticised for breaching their duties. On 22 April 2020, the High Court ordered some former directors of Long Success International (Holdings) Limited be disqualified ... Working safely during COVID-19: new guidance for employers On Sunday evening, the Prime Minister called for employees who cannot work from home to be “actively encouraged” to return to the workplace. This marks a shift in messaging from "stay at home" to "stay alert", and provides ... Tax and the City Review for May 2020 Mike Lane and Zoe Andrews examine the decision in Union Castle and whether an accounting debit is a loss for tax purposes; the HMRC consultation on tax changes required as a result of the withdrawal of LIBOR; and the tax implications raised by COVID-19 fo... COVID: Rethinking Dividends As companies listed in Hong Kong enter the annual cycle of results announcements, reporting and annual general meetings, the market has seen a number of companies announcing no dividends or a cancellation of dividends previously declared. The perennial qu... When is a resident not a resident? It sounds like a bad joke, befitting of a tax lawyer in lockdown, but is really just a reminder to check the small print in double tax treaties. It was prompted by seeing Andrea Manzitti’s post on an Italian Supreme Court decision in relation t... Hong Kong: COVID-19 - Shareholder meetings in Hong Kong - latest developments This briefing discusses the latest amendment to the Prevention and Control of Disease (Prohibition on Group Gathering) Regulation and its impact on company general meetings. On 5 May 2020, the Government updated the Regulation that governs gatherings in ... Disclosure of climate-related information by listed companies - FCA proposals The FCA has proposed changes to the Listing Rules that would require listed companies to disclose more information about how climate change is likely to impact their business. This briefing explains the proposals and looks at what companies will need to d...