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Operation Tabernula nears conclusion, 11 years after investigation started

  Operation Tabernula, the UK Financial Conduct Authority's (FCA) largest and most complex insider dealing investigation, has almost reached a conclusion with agreed confiscation orders totalling £1.7...

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Proposed amendments to the VAT Regulations on the supply of electronic...

With effect from June 2014, the definition of “enterprise” in section 1 of the VAT Act, 1991 (“VAT Act”) was amended to include the supply of electronic services by a person or business outside of...

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The UK applies formally to join the WTO’s Agreement on Government Procurement

On 1 June the UK applied officially to join the WTO’s Agreement on Government Procurement (GPA). This voluntary plurilateral agreement, within the WTO framework, commits signatory parties to open...

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Coty, four months later: about the prohibition to resell on marketplaces

In a judgment of 6th December 2017, the Court of Justice of the European Union (CJEU) ruled on whether Coty Germany had the faculty to prohibit its authorised resellers from making use of marketplaces...

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Lawbite: Business Rates – When Is It Uneconomical For A Landlord To Carry...

Shaw V Benton [2018] UKUT 168 (LC) In rating hypothesis, a property is valued as if it is in reasonable repair even when it is not, unless the repairs are sufficiently significant that a hypothetical...

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Mary Meeker’s 2018 Internet Trends Report

Speaking at this year’s Code Conference in California, venture capitalist Mary Meeker recently presented the 2018 edition of her celebrated Internet Trends Report (“ITR”). As mentioned in the ITR...

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Silence is not always deadly – insurance brokers’ duty to explain disclosure...

Introduction It is fairly well-understood that, when explaining the pre-inception disclosure duty to his client, an insurance broker will more often than not have to go further than simply provide it...

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Exemption from US secondary sanctions: a request from the UK, France and...

In a letter dated 4 June 2018 addressed to the US Treasury Secretary Steven Mnuchin and US Secretary of State Mike Pompeo (the “Letter”), the UK Chancellor and the Foreign Secretary, jointly with...

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MiFID II finally implemented in Luxembourg

The Luxembourg law of 30 May 2018 on markets in financial instruments (the “Law of 30 May 2018”) and the Grand-Ducal regulation of 30 May 2018 on the protection of financial instruments and funds of...

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Student accommodation e-briefing – Under 18s in accommodation

Welcome to the sixth in our series of Student Accommodation e-briefs for universities, colleges and private providers. These e-briefs highlight aspects of the student accommodation agreement which...

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Student accommodation e-briefing – Under 18s in accommodation

Welcome to the sixth in our series of Student Accommodation e-briefs for universities, colleges and private providers. These e-briefs highlight aspects of the student accommodation agreement which...

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European retailers lobby the EU to combat territorial supply constraints

European retailers have called for the EU to take action against the use of territorial supply constraints, on the grounds that such constraints are currently being used by major brands with a...

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Scottish Commercial Leasing: Law Reform on the Termination of Leases

The Scottish Law Commission has published a Discussion Paper on various issues relating to the termination of commercial leases. These include tacit relocation, notices to quit, apportionment of rent...

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UK HR Ebriefing - Government calls for UK public companies to disclose pay...

As part of a series of corporate governance reforms announced last year, the Government disclosed plans to extend pay gap reporting further by requiring listed companies to publish and justify pay...

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Restricted Certificates of Sponsorship: Key Points from Data released by UK...

The number of Restricted Certificates of Sponsorship available to sponsors has been limited by a quota system since December 2017. Approximately 10,000 requests have been refused to date. Doctors,...

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Create and manage OECD compliant transfer pricing documentation

Transfer pricing has become one of the most important if not the most important tax issue for multinational organisations. No matter how transparent the practices of a group are, the increased focus...

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Leases and licenses: a matter of distinction

Licences are used in all sorts of circumstances, sometimes pushing the boundaries and falling outside of the legal parameters for a licence and into those for a lease. It does not matter what a...

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Rescue Culture - MK Airlines Limited (In Liquidation) (the “Company”) -...

Key points:• In a judgment supportive of the rescue culture in English insolvency, the court has reaffirmed its flexible approach to the application of insolvency provisions and willingness to look at...

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Global employment briefing: USA, June 2018

Significant Supreme Court decision on enforcing employment class action waivers Employers across the United States heaved a collective sigh of relief on May 21, 2018, when the Supreme Court of the...

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Global employment briefing: United Kingdom, June 2018

This update summarises recent British employment law developments for global employers: The first gender pay gap reporting deadline has now expired A new British law requires larger employers to...

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