01/15/2021
Brexit will spur divergence in the regulation of digital services
Digital trade under the agreement is guided by the overarching principle of 'national treatment' which stems from the General Agreement on Tariffs and Trade (GATT).
Legal, Regulation & Compliance
01/14/2021
Further commentary on the new EU-UK Trade and Cooperation Agreement
Note that the landing page of our Beyond Brexit Legal Guide is being updated so that the relevant sections will soon also have links to relevant updates from our Beyond Brexit blog.
01/14/2021
FCA proposes update to guidance on mortgages and consumer credit repossessions
In November 2020, we announced further support for mortgage and consumer credit borrowers experiencing payment difficulties as a result of coronavirus (Covid-19).
01/14/2021
Osborne Clarke advises UK casting platform Spotlight on its acquisition by Talent Systems
The Osborne Clarke team was led by Partner Tim Hewens and Associate Director Ken Wilkinson.
01/14/2021
FCA warns consumers about unauthorised forex investment xchloesworld
Consumers should be wary of adverts online and on social media promising high returns from investing online.
01/14/2021
EBRD reports record 2020 investment in response to Covid-19
The EBRD stepped up its investment to address immediate needs and to create the foundations for recovery, with a focus on building back better economies in the future.
01/14/2021
EU Regulator Warning on Post-Brexit Financial Services EU Access Exemptions
ESMA's statement aligns with our previous advice to clients on the narrow scope of this exemption, particularly where it relates to services being provided to retail clients.
01/14/2021
Trade Finance and IBOR Transition
For loan-based trade finance products, the need for forward-looking rates might be less obvious.
01/13/2021
PwC to examine fraud risks of UK's Covid-19 loan programme
It was little surprise in mid-2020 then, that the taxpayer-owned British Business Bank had paid out £20 million in consulting fees, as it scrambled to hasten government-backed lending to struggling companies.
01/13/2021
Advertisers: a guide to advertising regulation in the UK
Understanding the advertising codes that apply and the underlying regulatory framework is particularly important in the digital age and during this time of public health restrictions too, when consumers are spending more time on devices.
01/13/2021
Annual 3% tax on French real estate: do not miss the new electronic filing obligations for 2021
This deadline must be strictly observed, as the French Supreme Court recently ruled that repeated late filings of the declaration could lead to liability for the 3% tax.
01/13/2021
Covid-19: BI insurance test case - Supreme Court to deliver judgment on 15 January 2021
Firms should therefore address any operational challenges - especially as a result of Covid-19 - to ensure that they are able to respond to customers appropriately.
01/13/2021
Complaints Outlook 2021 maps the emotions behind complaints
The research demonstrates that firms who respond to complaints with empathy and clear communication have the opportunity to regain customer trust and earn customer loyalty.
01/13/2021
Bedell Cristin advises Aston Lark on purchase of Neon Sapphire
Spring Partners, which is a joint venture with Aston Lark, was created to invest in existing MGAs and create new ones and the acquisition of Neon Sapphire was the first acquisition for the new MGA platform.
01/13/2021
Denmark charges two Brits with tax fraud after Cayman assistance
The two alleged British organisers of one of the largest fraud cases in Denmark’s history
01/12/2021
Stephenson Harwood advises CDER Investissements in connection with sale of MC LOC to Kiloutou
This sale complements CDER Investissements group's strategy of refocusing on its core industrial production activities, in particular the manufacture of modular constructions by its subsidiary Martin Calais.
01/12/2021
ESA’s Joint Board of Appeal dismissed appeal by Scope Ratings Gmbh against the European Securities and Markets Authority
The Board of Appeal unanimously decided to dismiss the appeal.
01/12/2021
PIMFA welcomes FCA warning on crypto-assets but calls for more to be done to protect consumers
PIMFA urges the Regulator to take action to more tightly control financial promotions.
01/12/2021
The final countdown: Completing sterling LIBOR transition by end-2021
The primary way for market participants to have certainty over the economic terms of their contracts is to actively transition them away from LIBOR.
01/12/2021
Financial Regulation Update
The BoE's and RFRWG's webpages on the transition to sterling risk-free rates from LIBOR have also been updated accordingly.