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New Pilot Scheme for widening participation in arbitrations in Hong Kong Client briefing regarding the Pilot Scheme on Facilitation for Persons Participating in Arbitral Proceedings in Hong Kong (launched on 29 June 2020). The Hong Kong government has launched a pilot scheme aimed at allowing eligible non-Hong Kong residents ... Brexit: Will there be a deal? The Brexit talks are ongoing – until a deal is in clear sight, businesses must remain mindful of the WTO alternative. This briefing, prepared by Tolek Petch, lawyer in our trade unit, contains a reminder of the key aspects of the WTO regime. On 31 ... The Future Relationship between the UK and EU The Brexit talks will result in London this week, with parties seemingly some way apart on a number of issues. This briefing, prepared by Tolek Petch, lawyer in our trade unit, surveys the state of play as at 3 July. As the UK emerges from its COVID 19 l... Tax and the City Review for July 2020 Mike Lane and Zoe Andrews review the decision to delay the reporting deadlines under DAC6; claims for carry back loss relief on the basis of anticipated losses; the US stance on Pillar One; and the replacement of NAFTA by USMCA in US treaties.  The ... Tax and the City Review for June 2020 Mike Lane and Zoe Andrews consider the Supreme Court decision in Fowler on tax treaty interpretation; and the Court of Appeal decisions in NCL Investments and Smith & Williamson and Investec. The Advocate General opinion on the “insurance transa... The Difficulties Facing Chinese Companies Listed in the United States and How to Achieve a Hong Kong Listing This publication highlights the difficult issues facing Chinese companies currently listed in the United States and the mechanics and process for a listing on the HKEX. Against the backdrop of ongoing tensions between the U.S. and China, as well as the f... UK amongst those delaying DAC6 reporting deadlines Rumours about a delay to the DAC6 filing dates have been tantalisingly rumbling on for a while now, as the commencement date of 1 July 2020 looms closer. A whole new world? The European Commission's proposed framework for the modern economy The European Commission is consulting on new rules to update competition law for the modern economy. For digital platforms this could mean new safety rules for online goods and content as well as ex ante regulation targeting “very large” platf... Sainsbury's v MasterCard - Supreme Court liberalises rules on pass-on when assessing competition damages Briefing on the Supreme Court's much-anticipated judgment in Sainsbury's v MasterCard in which the Supreme Court liberalised the pass-on rules when assessing competition damages. Last week, the Supreme Court handed down its much-anticipated judgm... A sense of déjà vu: VAT cuts as a fiscal response to the COVID-19 crisis It was reported that the UK Treasury is considering temporarily cutting VAT rates in a bid to boost consumer confidence. In doing so, it would follow in the footsteps of other European countries, such as Germany, which announced at the start of June ...