Norton Rose Fulbright
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Regulation Update – October 2024
A round-up of regulatory changes by Norton Rose Fulbright
30 SEP 2024When does the buyer of corporate debt lose tax treaty benefits?
In this In Practice article, the authors consider the Upper Tier Tribunal’s decision in HMRC v Burlington Loan Management DAC [2024] UKUT 152 (TCC) which looked at whether the principal purpose of a transaction was to obtain treaty benefits.
30 SEP 2024Regulation Update – August-September 2024
Simon Lovegrove of Norton Rose Fulbright provides a round-up of regulatory changes
31 JUL 2024Regulation Update - July 2024
Simon Lovegrove of Norton Rose Fulbright provides a round-up of regulatory changes
28 JUN 2024Be careful what you register: Re VE Global UK Ltd
In this In Practice article the authors consider the recent case of Re VE Global UK Ltd (Binyon & another v Suzerain Investment Holdings Ltd & others [2024] EWHC 749 (Ch)) which concerned whether a debenture was void against administrators where only a subsequent amendment agreement had been registered at Companies House.
28 JUN 2024The future of UK green finance policy and implications for the banking sector
On 9 November, Chancellor of the Exchequer Rishi Sunak delivered a statement to the House of Commons setting out the government’s ambition for the future of UK financial services. One of the core objectives of the government’s policy is to position the UK as a global leader in green finance ahead of the 2021 United Nations Climate Change Conference (COP 26), and the statement sets out a host of new proposals aimed at supporting capital flows for the purpose of sustainable investment. Green finance is also a key tenet of the government’s broader strategy to rebuild the UK economy following the COVID-19 pandemic with a greater focus on sustainability.
1 FEB 2021The impact of the Corporate Insolvency and Governance Act 2020 on credit insurers and suppliers
The Corporate Insolvency and Governance Act 2020 (CIGA) came into force in June 2020 as part of the government’s response to the COVID-19 crisis, aimed at promoting the rescue of companies in financial difficulties. It introduced three new permanent measures: a “Moratorium” procedure; a procedure for the compromise or arrangement with creditors of a company in financial difficulties or “Restructuring Plan”, and rules prohibiting the termination of contracts for the supply of goods and services by reason of insolvency (the so called “ipso facto” clauses) as well as a number of temporary measures intended to reduce the number of insolvency procedures during the pandemic. The Act represents the biggest change to insolvency legislation in 20 years and has particular implications for supply chains and credit insurance (for instance, will credit insurers continue cover if a supplier is forced by the new measures to continue to supply?), which we will consider in this article.
1 JUL 2021
