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Further to the Government's announcements of planned changes to UK Immigration Rules aimed at reducing net migration, more details have now been released in relation to the upcoming changes, which are set to take effect from 4 April 2024. These changes will impact employers sponsoring visas for employees under the Skilled Worker and Global Business Mobility: Senior or Specialist Worker visa routes.
The SEC released the final, highly anticipated climate-related disclosure rules on 6 March 2024 (the Final Rules), following a record number of comments on its proposed rules (released in 2022) and much discussion in the market wondering how far the SEC would go in requiring companies to expand disclosure on emissions and climate-related risks, strategy and expenditure.
The UK's departure from the European Union has not led to all EU-derived law being jettisoned; on the contrary, a significant proportion of it has been retained. This briefing explains what retained EU law is, why it's important and how it's affected by the Retained EU Law (Revocation and Reform) Act 2023.
From 1 January 2024, retained EU law has a new name ("assimilated law") and different rules apply when interpreting it. We explain why this matters and what the impact on business is likely to be.
Key employment and business immigration developments for employers.
One of the most high-profile announcements in this year's Budget was the abolition of the UK's current tax regime that applies to UK resident, but non-UK domiciled individuals ("Non-Doms").
A regular briefing for the alternative asset management industry.
Find the latest news, views and our analysis of all the key announcements.
The Competition and Markets Authority (the CMA) has now concluded its year-long, market-wide study into the housing sector, examining possible competition law or consumer protection issues prevalent across the industry. It looked at a range of issues impacting competition between housebuilders – including land-banking, planning, the involvement of intermediaries, and estate management.
Case Briefing - A sole arbitrator removed on grounds of apparent bias: H1 and another v W and others
In December 2022, the European Commission published its proposals for a regulation ("EMIR 3.0") amending the European Market Infrastructure Regulation ("EMIR"). On 13 February 2024, following negotiation and political agreement with the EU Parliament, the Council of the European Union released the final text of EMIR 3.0, which is expected to be published in the Official Journal pending Parliament's approval.
In late October 2023 the Economic Crime and Transparency Act 2023 ("ECCTA") passed into law. ECCTA represents not only a major company law reform but also the biggest shake-up in the history of Companies House.
On 17 January 2024, the Court of Appeal found that the UK Competition and Markets Authority ('CMA') has the power to require overseas companies to produce documents and information as part of its competition law investigations (CMA v BMW and VW), overturning an adverse Court judgment last year which had threatened the ability of the CMA to effectively investigate cross-border cartel conduct post-Brexit.
On 1 March 2024, the FCA issued an interim update (Update) to its August 2022 and February 2023 portfolio letters (Portfolio Letters) to alternative asset management firms setting out its updated supervisory priorities.
HMRC has recently changed its published guidance to make clear that it considers that increases in capital contributions made solely to fall outside the salaried members rules will be ineffective for that purpose.
Dispute Resolution Partner Joe Moore and Dispute Resolution Senior Associate Imogen Nolan have contributed to ThoughtLeaders4 Competition Law & Litigation Magazine. Their article, 'Compounding Interest – where to next for CPOs?' was first published in Issue 4 of the magazine and can be viewed below.