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In BM Brazil v Sibanye, the High Court has provided useful guidance on the interpretation of material adverse event (MAE) clauses under English law.

The UK Competition and Markets Authority has formalised its new approach to assessing efficiency arguments in merger control cases, marking a significant shift toward a more holistic evaluation framework. This updated guidance, which emerged from the CMA's 4Ps initiative, introduces the concept of Rivalry-Enhancing Efficiencies and establishes clearer pathways for merging parties to demonstrate competitive benefits.

On 6 June 2024, Advocate-General Collins handed down his Opinion in Case C-264/23 Booking.com. The Opinion concerned an Article 267 TFEU request from a Dutch court to the Court of Justice of the European Union (the CJEU)...

Which? has withdrawn part of its collective proceedings claim against Apple concerning non-purchasing iOS users after failing to secure funding to defend an appeal. The withdrawal raises questions about funding requirements for class representatives in competition law cases and leaves unresolved the controversial legal issue of whether "forgone consumer surplus" can be claimed as damages.

In a speech at the Guildhall during London Climate Action Week, the UK energy and climate change secretary, Ed Miliband announced three consultations.

The Financial Conduct Authority (FCA) has published Consultation Paper CP25/3, in which it is seeking views on further proposals for regulating so-called public offer platforms.

The Government has set out its intention to amend existing legislation to address the late payment of supplier invoices and to promote greater transparency of large organisations’ practices of paying invoices.

In what might seem a surprising decision, the High Court has held that a notification disputing a price adjustment under a completion accounts mechanism did not need to comply with the contractual requirements for notices under the contract.

Among other things, clause 82 of the Finance Bill will bring into effect the new exemption from stamp duty reserve tax (SDRT) for newly listed securities, announced...

HMRC's updated unallowable purpose guidance is welcome. It provides some useful examples of "good" and "bad" fact patterns...

The Criminal Finances Act 2017 introduced the corporate criminal offence of failing to prevent the facilitation of tax evasion (CCO).

The First-tier Tax Tribunal recently released a decision on the application of the IR35 legislation to payments made by Manchester United Football Club...

Welcome to this month's briefing for HR teams and in-house employment counsel – bringing you this month’s employment law highlights in an easy-to-read package.

HM Treasury's consultation on a UK Green Taxonomy seeks feedback on its design and use, aiming to standardize definitions of green economic activities. The initiative supports transition finance, combats greenwashing, and aligns with global taxonomies while addressing interoperability, governance, and environmental objectives.

Despite this initiative being five years in the making, it does appear that there are a number of areas where further thought may be required.

Pillar Two mandates a 15% minimum tax rate for large multinational groups on a country-by-country basis, effective from 31 December 2023. Investment funds are mostly exempt, but reporting requirements and potential tax liabilities exist for applicable entities.

The FCA, PRA and HM Treasury have each issued consultations setting out reforms to the Senior Managers and Certification Regime (SMCR).

The FCA and PRA have finalised phase one reforms to the Senior Manager and Certification Regime (SMCR), implementing immediate changes to streamline administrative requirements including modifications to the 12-week rule and reporting obligations.