04/01/2022
CMA’s environmental sustainability advice a ‘positive step’
The CMA said it also plans to engage with stakeholders in developing further practical guidance under the UK’s mergers and markets regimes
Government Regulation
04/01/2022
Open banking to evolve under new UK governance arrangements
The open banking reforms were mandated by the UK's Competition and Markets Authority (CMA) at the end of a review it conducted into retail banking which identified competition concerns in the market.
04/01/2022
EU horizontal guidelines encourage sustainability initiatives by competitors
In addition to revising the existing exemptions, the new guidance includes a dedicated chapter on how businesses can cooperate to achieve sustainability goals without infringing competition law.
04/01/2022
Economic Crime Act expands UK sanctions and unexplained wealth order powers
The Act also seeks to increase the enforcement of breaches of financial sanctions, as well as the use of UWOs, as part of the Government’s efforts to tackle ‘dirty money’ in the UK.
04/01/2022
Part 1: A proliferation of international arbitration of cryptocurrency disputes
The massive sell off of cryptocurrencies at the material time allegedly resulted in clogged transactions which prevented investors from closing out or liquidating their trading positions during the outage.
03/31/2022
Utah Enacts Commercial Financing Disclosure Law with a Registration Obligation
Pending New York legislation would add its own licensing obligation to the disclosure obligations for commercial financing of $500,000 or less.
03/31/2022
The Statement of Changes in UK Immigration Rules
This article will summarise the key routes to be implemented from 11 April 2022 onwards.
03/31/2022
Interest Limitation Rules: Extended to Luxembourg EU Regulated Securitisation Vehicles
The draft law is expected to enter into force as of 1 January 2023.
03/31/2022
Economic Crime Act expands UK sanctions and unexplained wealth order powers
Any designation pursuant to the Urgent Procedure will cease to have effect after 56 days
03/31/2022
EU seeks to help competitors collaborate within competition law limits
The European Commission has been evaluating the existing guidelines since September 2019
03/30/2022
Compliance with Beneficial Ownership Obligations by Company Service Providers
The thematic examinations yielded very positive results.
03/30/2022
FCA fines GAM £9.1mn
The FCA has also fined Timothy Haywood, a former Investment Director and Business Unit Head at GIML, £230,037.
03/30/2022
Cryptocurrency and Private Clients
This guide forms part of our series on cryptocurrency.
03/30/2022
SERZ Approval Application Deadline Approaching
To assist with ongoing rebuilding efforts in a SERZ, the 2022 SERZ Order continues to provide for the importation of specific construction related materials into each SERZ to be VAT-free and Duty-free.
03/30/2022
Changes to UK employment law: April 2022
Here are some key changes, and the dates of implementation.
03/30/2022
Daily Legal Update
Many respondents emphasised how financial considerations impacted parties' willingness to engage in dispute resolution, both positively and negatively, and a number regarded early intervention as key where parties should be provided with extra suppor
03/29/2022
MPs: UK sanctions watchdog needs ‘surge capacity’
The UK, EU, US and other jurisdictions have issued, and are continuing to issue, financial, sectoral and trade sanctions targeting Russia-related business over the past month, as a response to the invasion of Ukraine.
03/29/2022
Dentons Budapest announces the successful closing of the Vienna Insurance Group Transaction
Dentons Budapest has led the negotiations regarding the equity participations through a complex and sensitive environment of high profile deal structuring with a very complicated regulatory background.
03/29/2022
The Overseas Entities Register for UK Property: What you should know
We undertake a detailed technical analysis of the reporting requirements that Overseas Entities holding UK property will shortly need to comply with
03/29/2022
United States and EU Come to Agreement in Principle for New Data Transfer Pact
In response, the EU and United States established the Privacy Shield to replace the Safe Harbor Principles.