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PS31/18 - Equity Release Mortgages Briefing note on the PRA's policy statement on Equity Release Mortgages On 10 December the PRA published PS31/18, the policy statement to its July consultation on Solvency II and equity release mortgages (ERMs). No doubt to the relief of insurers holding ... Three years on: a brave new world for competition enforcement This client briefing highlights the key developments in Hong Kong in 2018 and over the past three years. It also looks ahead at what is still to come as the competition law regime continues to take shape. Within three years since the Hong Kong Competition... Employment Bulletin Addison Lee drivers are “workers”; automatic loss of right to paid annual leave; loss of long-term disability benefits; Part-time worker was less favourably treated Topics covered in this bulletin: EAT confirms Addison Lee drivers are “workers” European ... New Year's resolutions: new disclosure pilot scheme An article looking at the disclosure pilot scheme which overhauls the existing disclosure rules and will be piloted in the English courts from January 2019 From 1 January 2019 the disclosure pilot scheme will apply to the majority of new and existing proc... The new regime for hybrid capital instruments Article by Mike Lane on a new, non-sector specific hybrid capital instrument regime A new, non-sector specific, hybrid capital instrument (HCI) regime will apply in place of the regulatory capital securities regime from 1 January 2019. The new HCI regime... Competition and Regulatory Newsletter European Commission gives green light to proposed acquisition of Tele2 NL by T-Mobile NL after Phase II investigation European Commission gives green light to proposed acquisition of Tele2 NL by T-Mobile NL after Phase II investigation On 27 November 2018... Pensions Bulletin CDC; Budget; switch to CPI; service prior to Directive transposition deadline; Proportionate due diligence; estopped from claiming unreduced pension; Social impact investing and patient capital Topics covered in this bulletin: New law CDC: DWP consultati... The new income tax charge on offshore receipts in respect of intangibles Article by Steve Edge and Dominic Robertson on the conversion of the proposed extension of withholding tax on royalties paid to tax havens into a direct income tax charge Finance Bill 2019 includes provisions taxing a non-UK resident person that is also n... The International Comparative Legal Guide to Corporate Tax 2019: United Kingdom William Watson and Zoe Andrews give a comprehensive overview of corporate tax in the UK Written in question and answer style, this article provides a broad overview of common UK corporate tax issues on inward investment in the UK and of the UK taxation of... Fiscal State aid - some limits emerging at last? Article by William Watson on the threat from State aid to well-established tax practices and principles, but also on the signs of real resistance. In my introductory chapter last year (“Fiscal State aid: the Kraken Wakes?”), I wrote about a slumbering mon...