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BLOG: Progress on international tax reform? I may have previously complained about the stream of consultations on different aspects of the OECD's international tax reform project, but now, in the face of the back-and-forth of UK domestic tax policy, I almost find myself taking solace in its steady ... Energy Prices Bill: Unprecedented intervention in UK energy markets The UK Government introduced the Energy Prices Bill in Parliament on 12 October 2022, launching a raft of measures that represent a level of intervention in the UK energy market not seen since privatisation more than 30 years ago. In this article, we cons... Tax and the City Review for October 2022 In Burlington, the FTT considers, for the first time, the purpose test which often appears in double tax treaties. The UT dismisses HMRC’s appeal in Aozora GMAC confirming that unilateral relief is available for US withholding tax on interest paid t... Managing cyber risks: key lessons from recent litigation and enforcement action This morning, the Information Commissioner’s Office (ICO) announced that it had fined Interserve Group Limited (Interserve) £4,400,000 for breaches of the UK GDPR which came to light following a May 2020 cyberattack. This is the fifth enforcem... How should you respond to a personal data breach in Hong Kong? A major hotel group has recently reported a data leak to the Office of the Privacy Commissioner for Personal Data (the “PCPD”) in Hong Kong. Reportedly, it was hit by a cyber hack a few months ago and, as a result, certain data files concernin... Competition & Regulatory Newsletter: European Commission adopts revised Informal Guidance Notice On 3 October 2022, the European Commission adopted a revised Informal Guidance Notice, which sets out the circumstances in which the Commission will consider providing companies with informal guidance concerning the application of EU competition law. The ... BLOG: One step closer to mutual adequacy for EU-US and UK-US data flows On Friday 7 October, US president Biden signed an Executive Order which, alongside the regulations issued by the Attorney General, implements into US law the agreement in principle announced in March on EU-US personal data flows (the Data Privacy Framewor... BLOG: Riding into the sunset: the Retained EU Law (Revocation and Reform) Bill At the end of 2023, certain EU laws and rights retained as part of domestic law in the UK following its departure from the EU will fall away if the Retained EU Law (Revocation and Reform) Bill currently before the UK Parliament is enacted, save where they... Real Estate Newsletter - October 2022 Topics include: Collateral warranties - Abbey Healthcare (Mill Hill) Limited v Simply Construct (UK) LLP Heads of Terms - Pretoria Energy Company (Chittering) Ltd v Blankney Estates Ltd Restrictive covenant in lease - Schwarzschild Ochs Pty Ltd v Concert... NFTs: The Essentials From the Royal Mint to Madonna, it seems like everyone is issuing (or considering issuing) NFTs at the moment. But what are they, and what issues do you need to consider? What is an NFT? NFT stands for ‘non-fungible token’. A type of cryptoa...