Further Judicial Recognition of Bitcoin as Property Following Ransomware...
The Court in AA v Persons Unknown [2019] EWHC 3556 (Comm) (17 January 2020) ordered injunctive relief against unknown persons accused of extorting ransom payments in the form of Bitcoin worth $950,000...
View ArticleEducation ebriefing Statutory parental bereavement leave and pay to...
Background The Parental Bereavement (Leave and Pay) Act 2018 received Royal Assent as long ago as 13 September 2018. The intention was the Act would come into force in 2020, with further clarification...
View ArticleAmendments to the UK Gas Transmission Charging Regime
Ofgem:Amendments to Gas Transmission Charging regime-minded to decision and draft impact assessment (published on 23 December 2019) The Office of Gas and Electricity Markets (Ofgem), the regulator for...
View ArticleEmployers are failing to address ethnic diversity, Report finds
Three years ago, as Business Secretary, Sajid Javid commissioned a report into the ethnic diversity of company boards. Led by Sir John Parker, the Parker Review Committee report which ensued revealed...
View ArticleHighest EU court confirms pay for delay settlement agreements may be abusive...
On 30 January 2020, the Court of Justice of the EU (“CJEU”) confirmed that an agreement in settlement of a patent dispute in the pharmaceutical sector may constitute a restriction of competition by...
View ArticleComplaint Handling Update
New dispute resolution service for SMEs In our last Complaint Handing Update, we set out information on a new independent organisation known as The Business Banking Resolution Service (BBRS) w...
View ArticleSFO publishes internal guidance on evaluating compliance programmes
The Serious Fraud Office (“SFO”) has quietly published a further chapter of its internal Operational Handbook containing guidance on how its staff should assess and evaluate the compliance programmes...
View ArticleEversheds Sutherland advises Pacific Eagle on the refinancing of the...
Eversheds Sutherland advised the Singapore-based family office Pacific Eagle on the partial refinancing regarding the acquisition of the Munich office property “Ludwig”. The loan was granted by...
View ArticleExporting food from the UK to the EU the impact of Brexit.
The Withdrawal Agreement was signed by Boris Johnson on 24 January 2020 and has been ratified by the EU. As part of the Withdrawal Agreement, the UK and the EU have agreed a transition period to...
View ArticleTaxing the Digital Economy Are we nearly there yet?
Introduction On 31 January 2020, the OECD issued a further update on its work on the taxation of the digital economy. The catchily titled “Statement by the OECD/G20 Inclusive Framework on BEPS on the...
View ArticleEntering new territory: Implementation Period
The UK has now officially left the European Union and entered an implementation period ("IP"), which is due to last until 31st December 2020 – IP Completion Day. During the implementation period,...
View ArticleBuy-side perspective: Issues with delegation of SFTR reporting cause a...
Sell-side reluctance to accept delegation of reporting under the Securities Financing Transaction Regulation (“SFTR”) is causing a headache for buy-side firms. If buy-side firms are unable to...
View ArticleLong Awaited Environment Bill Back in Parliament
After failing to complete its passage through Parliament at the end of 2019, the Environment Bill (“the Bill”) was back in Parliament on 30 January 2020. Amid widespread concern that the UK will not...
View ArticleFurther clarity on the use of NDAs new ACAS guidance published
The Advisory, Conciliation and Arbitration Service (ACAS) has today published guidance which provides greater clarity for employers, workers and their representatives on the law and good practice...
View ArticleLawbite: Trust me, a charity you are not!
Derby Technology Hospitals NHS Foundation Trust and others v Derby City Council and others [2019] EWHC 3436 (Ch) The High Court has held that NHS Foundation Trusts are not charities for business...
View ArticleThe Government publishes draft regulations and IR35 guidance: with...
Since the Government indicated at the end of last year that it was still “full steam ahead” for the introduction of the new off-payroll (IR35) working rules from April 2020, secondary legislation...
View ArticleThe FSA consults on updated guidance following change to allergen labelling law
In September 2019, the UK government introduced new legislation which will change the way in which food businesses are required to provided allergen information. The new legislation, which comes into...
View ArticleLawbite: Redevelopment and liability for business rates
Colour Weddings Ltd v Ritchie Roberts (Valuation Officer) [2019] UKUT 385 (LC) The issue of how a property undergoing redevelopment should be treated for rating purposes hit the headlines a few years...
View ArticleSignificant reform to National Minimum Wage rules announced
The Government consulted last year on reforming the National Minimum Wage (NMW) regulations regarding salaried hours workers and the operation of salary sacrifice schemes, reflecting employers...
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