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In Anti-Corruption

United Kingdom: Government publishes guidance on Failure to Prevent Fraud Offence

by , , , , , , , and 14 Mins Read

The Home Office published their long-awaited guidance on the new failure to prevent fraud offence on 6 November 2024. The FTPF Offence, introduced by the Economic Crime and Corporate Transparency Act 2023, allows for large organizations to be held criminally liable where their employees, agents, subsidiaries, or other “associated persons” commit a base fraud offence intending to benefit the organization or its clients, and it is determined the organization failed to implement “reasonable fraud prevention procedures”. All large, incorporated bodies and partnerships are in scope of the FTPF Offence, and it applies both to UK-based organizations and organizations based abroad with a UK nexus. The Government also announced that the FTPF Offence will come into force on 1 September 2025.

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In Employment

United Kingdom: Government launches consultation on strengthening statutory sick pay

by , , , , , and 2 Mins Read

Further to the Employment Rights Bill that was published on 10 October 2024, the government has launched a consultation on strengthening statutory sick pay. The consultation seeks views on the amount of statutory sick pay that employees earning less than the current eligibility threshold should receive as part of the amendments to the Employment Rights Bill.

In Employment

United Kingdom: EAT confirms settlement agreement can waive future discrimination claims

by , and 5 Mins Read

The Employment Appeal Tribunal has upheld an employment tribunal’s decision that an employee was precluded from bringing disability discrimination claims against his employer as they had been validly waived under a prior settlement agreement. The decision confirms the Court of Session’s decision in Bathgate v. Technip Singapore PTE Ltd that unknown future claims can be validly waived under a settlement agreement although the drafting will need to be absolutely clear in this respect.

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In Corporate Compliance

Succeed in M&A in times of heightened regulatory scrutiny

by and 2 Mins Read

After a period of slowdown due to increased interest rates and macroeconomic uncertainty, the second half of 2024 is poised for a strong resurgence in M&A activities. Staying up to date on the latest market trends and legal developments is critical. In this article, our Baker McKenzie lawyers share guidance on these anticipated regulatory challenges and their impact on M&A transactions, and provide direction for transaction parties on how to navigate such challenges successfully

In Antitrust / Competition

United Kingdom: Introducing regulation of digital platforms and new competition and consumer protection powers

by , , , , and 1 Min Read

The UK Government passed the long-awaited Digital Markets, Competition and Consumers Act (“Act”) on 24 May 2024. Some provisions of the Act take effect immediately (for example, new controls over foreign ownership of newspapers), but most provisions will enter into force in Autumn this year following the conclusion of a public consultation on important legislative guidance. The Act introduces radical new digital sector regulation – akin to the European Union’s Digital Markets Act – in addition to expanding the UK Competition & Markets Authority’s consumer protection powers and introducing significant reform of the UK competition regime.

In Employment

United Kingdom: Disability discrimination in recruitment and the impact of AI

by , and 1 Min Read

The recruitment process stands as a critical juncture in shaping the workforce of any organization. As organizations scale, the influx of job applications creates a complex balancing act. In an article, Morven Ross explores the risks to organizations of disability discrimination in the recruitment process and the correct management of AI in this context.

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In Employment

United Kingdom: Termination of contracts was because of social media storm, not religion or belief discrimination, rules EAT

by , and 5 Mins Read

The employment tribunal ruled that a Christian actor was not discriminated against because of religion or belief when she was dismissed from the role of a lesbian character and her agency terminated her contract following a social media storm after an old Facebook post was discovered saying that she believed homosexuality to be a sin.

In Tax

United Kingdom: Annual Employment-Related Securities returns in 2024

by , and 4 Mins Read

Following the end of the UK tax year on 5 April 2024, annual Employment-Related Securities (ERS) returns may now be filed online with HMRC. All companies with open share plan registrations with HMRC are required to submit an annual return, even if it is a nil return (i.e., even if there has been no share plan activity during the 2023 to 2024 tax year). The deadline for submission for the 2023 to 2024 tax year is 6 July 2024.

In Tax

United Kingdom: Update on changes to res non-dom regime and possible further reform

by , , , , and 7 Mins Read

On 6 March 2024, the current government (led by the Conservative Party) announced a number of significant changes to the way in which UK tax resident non-UK domiciled (RND) individuals will be taxed in future. These changes are expected to take effect from 6 April 2025. In this alert we provide a recap of the reforms announced by the current Conservative government, and an overview of the further changes that the Labour Party has said it will introduce if elected.

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