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Since our previous briefing there have been a number of developments in the area of tax investigations and disputes. This briefing summarises some key ones and what they mean for taxpayers.

The Russian invasion of Ukraine presents issues for pension scheme trustees to consider. Alongside clear implications regarding investments and the need to comply with sanctions, these may include questions about covenant, funding, cyber security and scam risks.

This briefing addresses the issues most likely to arise, some of which are also noted by the Pensions Regulator in its guidance.

The Court of Appeal's recent decision sheds significant light on banks' liability for failing to exercise reasonable skill and care in executing the instructions of their customers. Reversing the ruling of the High Court, the Court of Appeal made clear that the "Quincecare duty" arises not only when it is the customer's agent who fraudulently instructs the bank to transfer the customer's money, but can also arise when the customer themselves, as the victim of a fraud, instructs the bank to do so. The Court of Appeal overturned the summary judgment in the bank's favour, and remitted the case to the High Court for trial. The question of what measures the bank should have had in place to prevent a fraud of this kind can only be determined at trial.

Finance Partner, Ben Thompson, has authored a chapter titled, ‘Core-Plus Infrastructure and Leveraged Financing: The Continued Convergence of Terms’, in the latest edition of 'The International Comparative Legal Guide - Lending & Secured Finance 2022'.

A guide to future employment and immigration law.

A regular briefing for the alternative asset management industry. 

With real estate finance (REF) and real estate development finance markets increasingly looking to integrate sustainability within their financing offerings, the Loan Market Association has published a guide on the application of the Sustainability Linked Loan Principles (SLLP) to real estate finance (REF) and real estate development finance transactions.

Commercial contracts can often provide that all liability for loss of profits is excluded – and sometimes wasted expenditure may be excluded as well. But what is the impact of this in practice?

Our regular round-up of recent and forthcoming developments in law and practice for in-house counsel.

On 6 April 2022, the European Commission published the long-awaited final version of the detailed rules – the Regulatory Technical Standards (RTS) – under the EU Sustainable Finance Disclosure Regulation (SFDR). 

All employers must conduct right to work checks to ensure their employees have the right to work lawfully in the UK. Employers who fail to do so face potential fines and, in some cases, criminal liability. Checks must be conducted on recruitment for all employees before the individual starts work. Follow-up checks must also be conducted for employees on visas shortly before the visa is due to end.

In the sixth episode of the series, Associate Emma Riggs looks at the impact of Brexit on dispute resolution. 

Funds partners Sam Kay and Will Normand have featured in the latest edition of Private Equity International discussing the effect of regulatory change on the fundraising market. You can read the full keynote interview below.

The Solvency II capital regime (and, since Brexit, its onshored equivalent) affects trustee de-risking agendas both in the short, and longer, term.

Travelling. Seamlessly. podcast series

The High Court has recently rejected an attempt by British Sugar to challenge aspects of the UK's post-Brexit sugar tariffs on the basis that they amounted to an illegal subsidy to its competitor, Tate & Lyle. In this briefing, we look at the wider implications of the ruling for the UK's post-Brexit state aid and tariff regimes.

We recently hosted a webinar on the UK's new Qualifying Asset Holding Company Regime (QAHC) which will come into effect from April 2022.

With COP 26 still fresh in the memories of lawmakers, and both the European Green Deal and UK Government's 'Net Zero Strategy' setting the goal of being climate-neutral by 2050, it is no surprise that competition law is having to examine its interaction with the environmental, social and governance (ESG) agenda.

A regular briefing for the alternative asset management industry. 

Many Main Market companies will now be preparing for their 2022 AGM and FY2021 annual reports. This note summarises some of the key agenda items and our expectations for this year.