United Kingdom: FCA and PRA publish consultations on the implementation of CRD V

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The Financial Conduct Authority ("FCA") and Prudential Regulation Authority ("PRA") have recently published consultations relating to the implementation of the Capital Requirements Directive V ("CRD V") in the United Kingdom. The consultations also address how the United Kingdom's ("UK's") financial services remuneration rules will work effectively at the end of the transition period following the UK's exit from the European Union ("EU") on 31 December 2020. 

United Kingdom: An undertaking to pay severance if certain conditions arise in the future...

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The EAT has held that on the facts of this case it was a reasonable adjustment to promise to pay a severance package to a disabled employee, if certain circumstances arose in the future, as part of a package of adjustments designed to enable the employee to continue working. In this case, the promise was part of an undertaking to keep an employee with anxiety from working with two colleagues, and, if that became impossible, to pay a redundancy severance package. This decision is surprising but other cases where this type of undertaking would be reasonable could prove rare.

United Kingdom: Is working from home the solution to Brexit for employers?

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Perhaps unsurprisingly given recent events, we have seen a significant rise in the number of employees sending requests to their UK based employer to work from "home" in another country. We anticipate that this trend will continue, and in fact employers may be considering this as a more permanent solution in respect of its workforce given the anticipated impact Brexit will have on human capital. Whilst on the face of it this may seem like a simple solution, these arrangements give rise to a number issues from a HR perspective - and will be made more complicated post Brexit.

United Kingdom: New post-Brexit VAT rules for online sales of goods

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On 20 July 2020, HMRC published new guidance about how VAT will apply to sales of goods in the UK from 1 January 2021. The rules broadly align with the EU proposals for distance sales and imported goods, currently due to come into force from 1 July 2021.Businesses impacted by these changes include overseas sellers of goods to UK customers, all Online Marketplaces (OMPs) which facilitate sales to UK customers and businesses that currently rely on goods being imported VAT-free under the low value consignment relief.

United Kingdom: Reopening for Business Essential Checklists for UK In-House Counsel

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Businesses have to be adaptable when navigating the business and legal impact of the COVID-19 pandemic. Our Resilience, Recovery & Renewal model supports organizations...

United Kingdom: ‘No Deal’ Brexit Checklist: Key Implications for Business

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The UK Government's refusal to request an extension to the Brexit transition period, along with the outstanding issues in the negotiations, means that the...

United Kingdom: COVID-19 and consumer law issues – Refunds and cancellations

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In brief The Competition and Markets Authority (CMA) has taken further action against businesses operating in the holiday accommodation sector which it considers are failing...

TMT Talk Podcast Series – Latest Episode: Business Future Proofing – Compliance and Investigations

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A tech-entwined world necessarily puts focus on technology companies and the opportunities that arise with them. TMT Talk, the Global TMT industry podcast, will help you navigate and prioritize via insights from top legal advisers in strategic technology markets. We'll go into the issues, how they affect businesses, society, and the way players deal with them.

EMEA: COVID-19 Life Sciences Survey (Updated)

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As COVID-19 rapidly spreads to every corner of the globe and is officially declared a pandemic, governments across the world are adopting emergency measures to fight against this extraordinary situation. Ultimately, all these measures are aimed at protecting the health and wellbeing of citizens. However, on the healthcare and life sciences front in particular, such measures range from intervention powers to guarantee adequate supplies of treatment and medical equipment, to the relaxation of deadlines and regulatory requirements to simplify administrative procedures wherever possible, so that competent authorities, manufacturers and other actors can focus on urgent priorities related to the COVID-19 crisis.

US Department of State Updates its Guidance on CAATSA Section 232

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On July 15, 2020, the US Department of State (“State Department”) updated its guidance (“Updated Guidance“) regarding the implementation of Section 232 of Title...
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