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The UK's green gas levy proposal The UK currently has the second lowest gas prices compared to other countries in the EU15. In contrast, the UK’s electricity prices are the highest for both industrial electricity prices and domestic electricity prices among the EU15, largely d... Banking and Investment Services column: October 2020 Our latest Banking and Investment services column for Practical Law. In our column for October 2020, we discuss FCA powers in the context of LIBOR transition, FCA Consultation Paper 20/20 on its approach to international firms and the EC’s recent l... Employment Bulletin - October 2020 Topics covered this month: Risk that employee had committed criminal offence did not make dismissal reasonable; Amendments to Employment Tribunal rules to increase capacity; Delay in paying salary was repudiatory breach entitling CEO to resign; Recurring ... The Real Estate M&A and Private Equity Review - 5th edition - United Kingdom chapter This law review chapter considers legal, regulatory and market developments in UK real estate M&A and private equity. In addition to providing an overview of the real estate M&A and private equity markets, it offers a summary of the legal framewo... Adding colour to Stewardship reporting: FRC publishes its Review of Early Reporting to the Stewardship Code The UK Stewardship Code 2020 published by the Financial Reporting Council (FRC) in October last year represented a significant overhaul of the original 2012 Code as it seeks to reflect and address growing expectations in relation to the stewardship practi... ACT Practical Guide to LIBOR Transition The Guide provides a starting point for finance and treasury teams transitioning LIBOR-referencing financial products and other contracts to alternative rates. It discusses the replacement rate options, calculation conventions and market documentation ava... COVID-19: Job Support Scheme A client briefing describing the key terms of the Coronavirus Job Support Scheme, as announced by the Chancellor on 24 September 2020. Executive summary On 24 September 2020, the Chancellor unveiled a new Job Support Scheme (JSS) as part of his Winter E... Competition & Regulatory Newsletter European Court of Justice approves UK State aid for the Hinkley Point C nuclear power station In its judgment of 22 September 2020 the European Court of Justice rejected Austria’s appeal against the General Court’s ruling on the approval of U... Transforming Interest Rate Benchmarks - Twist or stick? New LMA drafting to future-proof LIBOR-referencing loans The Working Group on Sterling Risk-Free Reference Rates (the Sterling Working Group) has recommended that from the end of Q3 2020 (in other words, from now on), all new and refinanced LIBOR-referencing loans maturing beyond end-2021 should include “... HMRC's uncertainty principle Yesterday marked the deadline for responses to the HMRC consultation document "Notification of uncertain tax treatment by large business".  This is the proposal that large businesses should be required to notify HMRC of uncertain tax positi...