Estate Agency AML Compliance - Countrywide fined £215,000 and Treasury...
The news last week that estate agency Countrywide received a £215,000 fine for money-laundering failures from HMRC has prompted many in the industry to ask whether their AML compliance arrangements...
View ArticleFirst fine imposed for obstructing CMA inspection
On 20 March 2019 the Competition and Markets Authority (‘CMA’) imposed a fine of £25,000 on the guitar supplier Fender Musical Instruments Europe Limited (‘Fender Europe’) for failure to comply...
View ArticleUK labour law quarterly update - March 2019
Welcome to our March UK labour law quarterly update. This edition contains the following content: Lessons learnt Chocks away: Despite the rarity of recent employer injunctions to stop strikes, one...
View ArticleEducation briefing - Changing Direction
Quarterly UK employment update January to March year – a backward glance Development
View ArticleFailure to prevent facilitation of tax evasion - Compliance levels low but...
What you need to know• From September 2017, every business located anywhere in the world, regardless of size or activities, has been subject to potential corporate criminal prosecution in the UK if...
View ArticleEvent Fees Governments Response to Law Commission Report
Yesterday the Government announced its response to the Law Commission’s report on Event Fees.“Event Fees” are common in the retirement living sector. They are fees payable on certain events such as...
View ArticleFCA fines Carphone Warehouse £29.1 million for mis-selling mobile phone...
On 13 March 2019, the FCA announced that it had imposed a financial penalty of £29.1 million on The Carphone Warehouse Limited (“CPW”) for failings that led to the mis-selling of a mobile phone...
View ArticleEducation briefing - Back to school - revisiting reverters
Rittson-Thomas and others v Oxfordshire County Council [2019] EWCA Civ 200 Experienced developers working in the education sector will be aware of the rules on reverters and how they can impact on...
View ArticleEducation briefing - Education update on the new Directive on Copyright in...
On 26 March 2019 the EU Parliament approved the proposed Directive on Copyright in the Digital Single market by 348 votes for to 274 against. The new Directive aims to facilitate the harmonisation of...
View ArticleFocus on executive pay: House of Commons Business, Energy and Industrial...
The House of Commons Business, Energy and Industrial Strategy (“BEIS”) Committee has published a report, Executive rewards: paying for success. The report forms part of BEIS’ scrutiny of corporate...
View ArticleUK corporate tax rules found to partially constitute illegal EU State aid
On 2 April 2019, the European Commission issued a press release regarding its State aid investigation into aspects of the UK controlled foreign company (CFC) rules. This press release explains that...
View ArticleScotland: Making provision for the continued operation of planning and...
In preparation for the forthcoming withdrawal of the UK from the EU, Scottish Ministers have been amending legislation and associated regulations controlling the requirements and processes of town and...
View ArticleEngland: Making provision for the continued operation of planning and...
In preparation for the forthcoming withdrawal of the UK from the EU, the Government has been amending legislation and regulations relevant to town and country planning, infrastructure planning,...
View ArticleLatin America: Public-private partnerships (PPP) training in Colombia
Partners Mark Dennison (finance), Dominic Lacey (construction), Agnes Koko (commercial) and Senior Associate Kate Shannon (finance) from our Energy & Infrastructure team recently delivered a PPP...
View ArticleEversheds Sutherland advises Aprirose on acquisition of Spirit Pub Company's...
Eversheds Sutherland has advised Real Estate investment company Aprirose on its acquisition of Spirit Pub Company's branded pub portfolio for approximately £130m.Aprirose are a real estate investment...
View ArticleThe EU Regulation on Posting of Workers: Recent Developments
Published by European Journal of Labour Law, 2/2019 I. Introduction Posting of workers constitutes a significant resource for the functioning of the European Internal Market. The Directive on...
View ArticleThe Dormant Assets Scheme: a blueprint for expansion
The Industry Champions published their report on The Dormant Assets Scheme: A Blueprint for Expansion on 4 April. Following our participation in the independent Commission on Dormant Assets in 2016...
View ArticleDo Receivers have overreaching powers? - Stanley v a debtor (2019) (unreported)
Key Points A disposition by a receiver, whether appointed by the court or under a fixed charge, is not a disposition by a mortgagor for the purposes of s284 Insolvency Act 1986 (“IA”). The wider...
View ArticleDepartment for Education publishes new college oversight regime
On 31 January 2019 the new insolvency regime for further education and sixth form colleges came into force. Two days beforehand the Department for Education (DfE) finally published the long awaited...
View ArticleTrustee focus: GMP Equalisation Light at the end of the tunnel?
Originally published by Practical Law Pensions this article, co-authored by Eversheds Sutherland's Laura Brook and LawDeb, examines the issue of GMP equalisation following the recent decision in...
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