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  • Article

    Three’s A Crowd: HMRC’s Approach To Employee Share Plan Arrangements In Practice

    HMRC has increasingly targeted employee share plans under disguised remuneration rules, challenging arrangements involving third-party participation even when no tax avoidance motive exists.
    United KingdomTax
    Macfarlanes LLP
    Macfarlanes LLP
  • Article

    Transfer Pricing: New HMRC Guidance Raises The Bar For Benchmarking Studies

    For the longest time, what many consider the poster child of transfer pricing (TP), the humble benchmarking study, has been commoditised, packaged and appended to TP reports until it needs to be refreshed...
    United KingdomTax
    Macfarlanes LLP
    Macfarlanes LLP
  • Article

    Trump 2.0: An International Tax Perspective

    Following his victory in the US presidential election, Donald Trump is preparing for his second term in the White House. In this post we consider how "Trump 2.0" might influence the shape of international.
    United StatesTax
    Macfarlanes LLP
    Macfarlanes LLP
  • Article

    Investment Management Update - September 2025

    This publication has been tailored to highlight topical news, cases and changes in the law impacting the investment management sector.
    United KingdomFinance and Banking
    Macfarlanes LLP
    Macfarlanes LLP
  • Article

    Ignorance is Bliss when you want your money back!

    United KingdomLitigation, Mediation & Arbitration
    Macfarlanes LLP
    Macfarlanes LLP
  • Article

    The Working Time Regulations begin to bite...

    United KingdomEmployment and HR
    Macfarlanes LLP
    Macfarlanes LLP
  • Article

    Home Office Offering Automation Of Settled Status Post-Brexit

    A recent High Court ruling has engineered a change in the process for obtaining settled status for anyone who is under the post-Brexit arrangements.
    United KingdomImmigration
    Macfarlanes LLP
    Macfarlanes LLP
  • Article

    Navigating The EU AI Act: A Game-Changer For Tech Regulation

    The European Union is at the forefront of regulating artificial intelligence (AI), with the new AI Act (the Act) being one of the first significant legislative initiatives addressing AI globally.
    European UnionTechnology
    Macfarlanes LLP
    Macfarlanes LLP
  • Article

    Competition Law Update - June 2026

    This newsletter examines significant competition law developments across the UK and EU, including the European Commission's draft Merger Assessment Guidelines that modernize analytical frameworks and give greater weight to merger efficiencies. The edition also explores landmark rulings on no-poach agreements in sports, updates to technology transfer regulations, and the CMA's evolving approach to digital markets enforcement and consumer protection.
    United KingdomAntitrust/Competition Law
    Macfarlanes LLP
    Macfarlanes LLP
  • Article

    European Commission Conditionally Approves ADNOC–Covestro Deal, Following Second In-depth FSR Merger Investigation

    On 17 November 2025, the European Commission conditionally approved, under the Foreign Subsidies Regulation (FSR), Abu Dhabi National Oil Company PJSC's (ADNOC)...
    United KingdomAntitrust/Competition Law
    Macfarlanes LLP
    Macfarlanes LLP
  • Article

    Parallel Imports

    United KingdomAntitrust/Competition Law
    Macfarlanes LLP
    Macfarlanes LLP
  • Article

    Corporate Law Update: 3 - 9 May 2025

    The High Court has clarified how documents can be served on certain individuals who are linked to UK companies, such as directors and persons with significant control (PSC).
    United KingdomCorporate/Commercial Law
    Macfarlanes LLP
    Macfarlanes LLP
  • Article

    Corporate Law Update: 4 - 10 October 2025

    The Court of Appeal has examined whether material and persistent breaches of a shareholders' agreement triggered a compulsory share transfer mechanism in that agreement...
    United KingdomCorporate/Commercial Law
    Macfarlanes LLP
    Macfarlanes LLP
  • Article

    Holding The Director In Contempt - Court Finds Director Deliberately Breached Freezing Order Against His Company

    In this publication we consider the recent case of Templeton Insurance Ltd v Motorcare Warranties Ltd and others [2012] EWHC 795 (Comm) in which the High Court ruled that a director and a shareholder were in contempt of court for breaching a freezing order made against their company
    United KingdomCorporate/Commercial Law
    Macfarlanes LLP
    Macfarlanes LLP
  • Article

    The Investment Association's Letter To Remuneration Committee Chairs

    On 12 November 2025, the Investment Association (IA) published a letter to Remuneration Committee Chairs in which it confirmed that it will not be making any changes to its 2025...
    United KingdomCorporate/Commercial Law
    Macfarlanes LLP
    Macfarlanes LLP
  • Article

    Evolving General Partner Stakes Market Brings Opportunities

    The past decade has seen a rapid increase in the number of managers who have raised funds to invest in other private capital managers, referred to as general partner, or GP, stakes.
    United KingdomFinance and Banking
    Macfarlanes LLP
    Macfarlanes LLP
  • Article

    FCA Consults On Rebalancing Regulatory Settings To Encourage Retail Investments

    The Financial Conduct Authority's (FCA) consultation reflects the ongoing governmental and regulatory push to encourage wider retail participation in private and public capital markets and the benefits of seeking higher financial returns over pure cash savings.
    United KingdomFinance and Banking
    Macfarlanes LLP
    Macfarlanes LLP
  • Article

    FCA Fines London Metal Exchange In First Enforcement Action Against RIE

    In a significant milestone for regulatory enforcement, on 19 March 2025 the UK Financial Conduct Authority (FCA) fined the LME £9.24m for failing to manage extreme volatility...
    United KingdomFinance and Banking
    Macfarlanes LLP
    Macfarlanes LLP
  • Article

    SEC's New Private Fund Adviser Rules: A 3-Minute Guide For Non-US Investment Advisers

    Many readers will be aware that, on 23 August 2023, the SEC adopted its final Private Fund Adviser Rules (Rules), a significant update to the US' regulation of private fund advisers.
    United KingdomFinance and Banking
    Macfarlanes LLP
    Macfarlanes LLP
  • Article

    OFT acts on "unfair" mortgage terms

    United KingdomFinance and Banking
    Macfarlanes LLP
    Macfarlanes LLP
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