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BLOG: Energy (Oil and Gas) Profits Levy Act 2022 The one-week consultation left little time to comment on the draft legislation for the Energy (Oil and Gas) Profits Levy (the Levy) which applies to certain profits of oil and gas companies from upstream activity in the UK and on the UK Continental...
BLOG: Stop the press! Taxpayer wins Ramsay appeal on disclosed avoidance scheme We understand that some readers of this decision may find it surprising that an artificial series of transactions which, on the unchallenged findings of the FTT, were devoid of business purpose and effected only to achieve a "magical" increase in...
Employment Bulletin - July 2022 Topics covered in this bulletin: Right of substitution did not prevent worker status Employment Tribunal decided that symptoms of long Covid were a disability Ill-health dismissal following unsatisfactory trial was disability...
Competition & Regulatory Newsletter: Political agreement reached on EU Foreign Subsidies Regulation On 30 June 2022 the Council of the European Union and the European Parliament reached provisional political agreement on a regulation to control foreign subsidies that distort the EU internal market. The Foreign Subsidies Regulation, or FSR, will directly...
The Legal 500: Litigation Comparative Guide - UK chapter The Legal 500: Litigation Country Comparative Guide aims to provide a country specific overview of litigation laws and regulations. Damian Taylor and Olga Ladrowska, members of our Disputes and Investigations team, co-authored  the UK: Litigation...
Acquisition Finance 2022 guide: Hong Kong Chapter A guide to the key aspects of acquisition finance in Hong Kong. Slaughter and May contributed the Hong Kong and UK chapters for the Chambers Global Practice Guide: Acquisition Finance 2022. The Hong Kong chapter, looks at key issues that arise...
Acquisition Finance 2022 guide: UK chapter A guide to the key aspects of acquisition finance in the United Kingdom (England and Wales). This article includes recent market and legal developments, together with an overview of the debt structures typically used and documentation considerations under...
EFIG: European Banking Newsletter - July 2022 Developments in this month's edition include: Proposal to amend EU MiFIR - ECB issues opinion G-SIB assessment methodology - ECB publishes statement on treatment of banking union MREL - SRB publishes updated policy for 2022   Please do...
Balancing Security and Sustainability: Does the UK Energy Bill 2022 measure up? The long-awaited Energy Security Bill (the Bill) was laid before Parliament on 6 July. The Bill is a crucial piece of legislation for the UK’s energy transition ambitions and energy security, including powers to support technologies such as low...
BLOG: Restrictive immunity: codifying the UK's approach to taxing sovereign investors The doctrine of sovereign immunity is the international law principle that one sovereign State should not seek to apply its law to another sovereign State. In the UK, the application of that principle to the courts is governed by the State Immunity Act...