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COVID-19 impact on PEs and residence: HMRC and OECD guidance HMRC has issued guidance providing some comfort in respect of the question whether employees who do not normally work in the UK, but are stranded here as a result of the travel restrictions imposed due to COVID-19, could create a permanent establishment (... India’s amended equalisation levy: a change players in the digital economy could not have foreseen On 1 February 2020, the Indian Finance Minister delivered the country’s longest Budget speech ever. However, there was no mention of amendments to the equalisation levy introduced in Finance Act 2016—neither in her 159 minutes long speech and ... Competition & Regulatory Newsletter The Competition and Markets Authority (CMA) has recently cleared two high profile mergers at Phase 1.  The Competition and Markets Authority (CMA) has recently cleared two high profile mergers at Phase 1. On 27 March 2020 the CMA cleared the complet... A welcoming change for companies looking to bring their group-IP onshore Since 2002, there have been two tax regimes which apply to intangible fixed assets (IFAs) in the UK - the CGT regime for old IFAs and a specific accounts based regime for new IFAs which broadly allow companies to claim tax deductions in line with the acco... Morrisons in the Supreme Court: a welcome decision with a sting in the tail This briefing considers the Supreme Court's recent judgement in WM Morrisons Supermarkets plc (Appellant) v Various Claimants (Respondent), with reference to the key data privacy considerations for employers. As mentioned in our blog post on The Lens... Hong Kong: COVID-19 - The Impact on Commercial Leases in Hong Kong Landlords and tenants are facing unprecedented challenges in the wake of the rapidly evolving COVID-19 pandemic.  Many retail and leisure premises are now closed and office buildings are impacted in light of the latest surge in the number of confirm... COVID-19: To meet, or not to meet – public gathering ban and general meetings in Hong Kong The Hong Kong government has introduced a number of emergency measures to contain the spread of COVID-19. One of the most wide-reaching is the Prevention and Control of Disease (Prohibition on Group Gathering) Regulation (Cap.599G) (Regulation), issued o... Obligation to disclose inside information arising from an ongoing M&A negotiation – a recent MMT decision This briefing looks at the Market Misconduct Tribunal’s decision in respect of Magic Holdings International Limited, published on 25 March 2020. The Market Misconduct Tribunal (MMT) found Magic Magic Holdings International Limited and five of its d... Update: Coronavirus Job Retention Scheme Initial government guidance on the Coronavirus Job Retention Scheme (CJRS) was published on 26 March 2020. We gave an overview in a previous briefing. On 4 April 2020, the government published a revised version of its guidance. We have now produced a fol... EFIG: European Banking Newsletter - April 2020 Developments covered in this month’s edition include: COVID-19 - ECB publishes letter on significant institutions’ contingency preparations COVID-19 - ECB announces temporary capital and operational relief Expectations for ban...