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Fewer remedies despite more notifications under UK’s national security and investment regime – OUT-LAW.com

Posted September 17th, 2024 in company law, competition, mergers, news, notification, statistics by tracey

‘The UK’s foreign investment screening regime saw an increase in the number of notifications in 2023-24, but fewer cases were subject to remedies or prohibitions compared to the previous year, as the regime “is settling in”, a legal expert has said.’

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OUT-LAW.com, 16th September 2024

Source: www.pinsentmasons.com

DMCC Act overhauls UK consumer law enforcement and expands consumer rights – OUT-LAW.com

Posted September 17th, 2024 in competition, consumer protection, enforcement, news, ombudsmen by tracey

‘Consumer protection laws, and particularly the Competition and Markets Authority’s (CMA) enforcement powers, have been substantially strengthened by landmark new UK legislation which elevates directly enforceable consumer protection rules to the same status as competition law.’

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OUT-LAW.com, 16th September 2024

Source: www.pinsentmasons.com

English institutions and law popular for global dispute resolution – OUT-LAW.com

Posted September 16th, 2024 in arbitration, bills, Commercial Court, dispute resolution, news by tracey

‘New research shows the important role that English law, courts and arbitration bodies play in dispute resolution in a competitive global market, experts have said.’

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OUT-LAW.com, 13th September 2024

Source: www.pinsentmasons.com

IR35: taxation of off-payroll workers explained – OUT-LAW.com

Posted September 16th, 2024 in corporation tax, employment, HM Revenue & Customs, news, remuneration, taxation by tracey

‘The off-payroll working rules, known as IR35, apply where a business engages an individual to provide services off-payroll and through an intermediary – commonly a company referred to as a ‘personal services company’ (PSC). IR35 targets the use of PSCs to avoid employment taxes.’

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OUT-LAW.com, 13th September 2024

Source: www.pinsentmasons.com

Court clarifies ‘risk of dissipation’ in asset freezing order case – OUT-LAW.com

Posted September 13th, 2024 in assets recovery, disclosure, fraud, news by tracey

‘A recent English High Court ruling serves as a timely reminder of the factors that the court will take into account when considering the risk of dissipation of assets in the context of a freezing order application.’

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OUT-LAW.com, 12th September 2024

Source: www.pinsentmasons.com

High Court will take pragmatic approach to protect crypto fraud victims – OUT-LAW.com

Posted September 10th, 2024 in civil procedure rules, cryptocurrencies, fraud, news, service out of jurisdiction by tracey

‘A recent High Court of England and Wales decision shows that the English courts are willing to interpret procedural service rules under the Civil Procedure Rules (CPR) pragmatically to facilitate justice for victims of crypto fraud, an expert has said.’

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OUT-LAW.com, 9th September 2024

Source: www.pinsentmasons.com

UK ruling clarifies ‘fixed establishment’ in VAT group cases – OUT-LAW.com

Posted September 9th, 2024 in banking, company law, foreign companies, HM Revenue & Customs, news, taxation, VAT by tracey

‘Foreign companies need to have a substantial presence in the UK, including adequate human and technical resources, for their branch to qualify as a “fixed establishment”, a necessary condition for being treated as a member of a value added tax (VAT) group in the UK, a recent ruling has confirmed.’

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OUT-LAW.com, 6th September 2024

Source: www.pinsentmasons.com

Planned water law reform ‘risks delaying environmental action’ – OUT-LAW.com

‘Proposed new legislation described by government as delivering a “significant increase in enforcement powers” against water companies, could delay rather than speed up industry action to address environmental concerns because of the broad way it has been drafted, water industry experts have warned.’

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OUT-LAW.com, 6th September 2024

Source: www.pinsentmasons.com

UK insurance firms must ensure fair value of products following FCA review – OUT-LAW.com

‘Manufacturers and distributors of non-investment insurance products may need to re-consider the efficacy of their product value assessments and ensure they are fully aware of their responsibilities to consumers following the findings of a UK Financial Conduct Authority (FCA) thematic review.’

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OUT-LAW.com, 2nd September 2024

Source: www.pinsentmasons.com

Why health and safety at work law stands the test of time 50 years on – OUT-LAW.com

Posted September 3rd, 2024 in employment, health & safety, news by tracey

‘The Health and Safety at Work etc Act 1974 has now been in force for 50 years, but it continues to provide a globally-recognised framework for managing health and safety risk – even as that risk evolves with the operation of new technologies and ways of working.’

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OUT-LAW.com, 2nd September 2024

Source: www.pinsentmasons.com

The Court of Appeal decides on JCT DB 2016 termination provisions – Local Government Lawyer

Posted August 23rd, 2024 in construction industry, contracts, news by tracey

‘Helen Arthur provides an update on an important Court of Appeal ruling in a case concerning the proper construction of termination provisions in a JCT 2016 Design & Build form of Contract.’

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Local Government Lawyer, 23rd August 2024

Source: www.localgovernmentlawyer.co.uk

Delaying UK APP fraud compensation scheme ‘may be considered prudent’ – OUT-LAW.com

Posted August 14th, 2024 in compensation, delay, fraud, news by sally

‘UK policymakers could consider it “prudent” to defer the implementation of a new fraud compensation scheme to seek to allay the “legitimate concerns” about the scheme that UK payment providers have expressed, an expert has said.’

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OUT-LAW.com, 13th August 2024

Source: www.pinsentmasons.com

UK crypto firm fine highlights regulatory agreement breach perils, say experts – OUT-LAW.com

Posted August 13th, 2024 in cryptocurrencies, enforcement, fines, news by tracey

‘The potential consequences of breaching voluntary requirements agreed with the UK’s Financial Conduct Authority (FCA) have been brought into sharp focus with recent enforcement action taken by the regulator, experts in financial regulation have said.’

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OUT-LAW.com, 12th August 2024

Source: www.pinsentmasons.com

Tax issues for UK holding companies – OUT-LAW.com

Posted August 12th, 2024 in company law, corporation tax, debts, interest, news, shareholders, taxation by tracey

‘This guide considers the tax implications of using a UK holding company to hold shares in other UK or overseas companies.’

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OUT-LAW.com, 9th August 2024

Source: www.pinsentmasons.com

Using NDAs and data rooms to protect confidentiality during distressed sales – OUT-LAW.com

Posted August 12th, 2024 in confidentiality, news, non-disclosure agreements by tracey

‘Putting in place measures to protect confidentiality during business sale negotiations should not be neglected, even in a distressed situation where speed is of the essence.’

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OUT-LAW.com, 9th August 2024

Source: www.pinsentmasons.com

AI patents still possible in the UK despite Court of Appeal ruling – OUT-LAW.com

Posted August 12th, 2024 in artificial intelligence, computer programs, news, patents by tracey

‘While a recent court ruling has not made it any easier, it remains possible for developers of software – including new artificial intelligence (AI) systems – to obtain patent protection for their inventions in the UK an expert has said.’

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OUT-LAW.com, 12th August 2024

Source: www.pinsentmasons.com

Law Commission clarifies new digital asset property law intentions – OUT-LAW.com

Posted August 8th, 2024 in cryptocurrencies, Law Commission, news, reports by tracey

‘Information in and of itself would not attract property rights under proposed reforms to property law in England and Wales, the body recommending such reform has said.’

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OUT-LAW.com, 7th August 2024

Source: www.pinsentmasons.com

Universities must improve harassment protections ahead of OfS regulation – OUT-LAW.com

‘Higher education institutions across England will face a range of significant sanctions if they fail to comply with new harassment and sexual misconduct protection requirements set by the Office for Students (OfS).’

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OUT-LAW.com, 2nd August 2024

Source: www.pinsentmasons.com

England postpones decision on proposed non-party access to court documents rule – OUT-LAW.com

Posted August 1st, 2024 in civil procedure rules, consultations, costs, documents, news by tracey

‘A highly anticipated decision by the Civil Procedure Rule Committee (CPRC) on non-party access to court documents in England and Wales has been postponed following a large volume of responses to a consultation on its proposed plans.’

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OUT-LAW.com, 31st July 2024

Source: www.pinsentmasons.com

Supreme Court confirms no tax deductions on costs associated with disposal of a business – OUT-LAW.com

Posted August 1st, 2024 in appeals, company law, corporation tax, news, Supreme Court, taxation by tracey

‘Tax deductions were not available for professional fees incurred by an investment company once a decision to sell a business it held had been made, because they were expenses of a capital nature even though they are accepted to have been expenses of management, the UK’s highest court has ruled.’

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OUT-LAW.com, 31st July 2024

Source: www.pinsentmasons.com