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The UK's Information Commissioner, Elizabeth Denham, is not one to shy away from a challenge. In the midst of implementing one of the biggest changes to European data protection legislation in the last 20 years (the General Data Protection Regulation (GDPR)), she embarked upon a series of high profile investigations – and the first target in the firing line was Facebook.
On 6 April 2018, the way that termination payments are taxed is going to change. Employees will be taxed on notice pay, even where there is no PILON in the contract.
The Network and Information Systems Regulations came into effect with little fanfare on 10 May 2018, when most businesses were in the throes of grappling with GDPR compliance. For this reason they seem to have passed largely under the radar.
In June 2018, two draft documents were published which will impact on the corporate governance and reporting obligations of large companies going forward : the Wates Principles for large private companies and the Companies (Miscellaneous Reporting) Regulations 2018 (the "Regulations").
Key employment and business immigration developments for employers
Earlier this week the FRC published the final version of the revised UK Corporate Governance Code, which will take effect for financial years beginning on or after 1 January 2019. It also published a Feedback Statement outlining the responses to its December 2017 consultation on the proposed changes, together with a "Key Highlights" document.
Changes to the UK regime for scrutiny of mergers on national security grounds came into force in June 2018. In this briefing, we look at why these changes were introduced and what they will mean for business.
Since 6 April 2016, unlisted UK companies and LLPs have been required to identify individuals who have significant interests in their shares, and publicly disclose their details in a "PSC Register". The regime was expanded in June 2017 to bring other entities, including AIM companies, Scottish limited partnerships and some Scottish general partnerships within scope.
Since 6 April 2016, unlisted UK companies and LLPs have been required to identify individuals who have significant interests in their shares, and publicly disclose their details in a "PSC Register". The regime was expanded in June 2017 to bring other entities, including AIM companies, Scottish limited partnerships and some Scottish general partnerships within scope.
Contracts are often amended to take account of changed circumstances. But care is needed to avoid the pitfalls.
At first sight, the message of the Supreme Court's recent judgment in Rock Advertising v MWB seems simple: if you want to vary your contract, make sure you get it in writing. But in attempting to create greater certainty in this area, the Supreme Court may have created a new set of problems - particularly for businesses wishing to amend large numbers of contracts at the same time.
Two new regulations have been published amending existing Level 2 requirements on depositaries of AIFs and UCITS with effect from 1 April 2020. They impose stricter obligations on them when they delegate their safekeeping obligations to a third party custodian.
A new EU regulation is due to enter into force aimed at removing barriers to crossborder e-commerce in the EU.
Two recent high profile cases throw a spotlight on this question.