Jonathan Davidson, Executive Director of Supervision, Retail and Authorisations at the FCA, has written to CEOs of insurers concerning non-financial misconduct in wholesale general insurance firms. Davidson reminds firms of the FCA’s clear exp...

The FCA recently published a discussion paper on transforming culture in financial services. The paper is a collection of short essays by industry leaders, professional bodies and culture experts and is aimed at helping firms to develop and emb...

The Pensions Regulator has published the first of its long awaited consultations on a new DB Funding Code. This consultation covers the principles underpinning the Regulator’s approach. A second consultation will follow later in the ...

Dunbar v Virgo Consultancy Services Limited [2019] EWHC B12 (Costs) Mr Dunbar instructed law firm Virgo Consultancy to assist a Greek legal team with a defence of his son, in a serious criminal offences action brought against him in Crete. A deposit...

Episode 4 - COVID-19 webinar - When does a pandemic crisis spell disaster? - May 4 Listen to the replay of Eversheds Sutherland's episode 4 podcast providing guidance on at what stage does the pandemic crisis spell disaster. Reputations will be ma...

This article examines an alternative to the two predominant purchase price mechanisms used in M&A transactions in South Africa. When applied correctly, it leads to an expedited determination of the final purchase price and allows for flexibility...

While companies are trying to find ways to ensure health and well-being of their work-force and align those measures with business continuity as usual, it is equally important that deal managers look out for risks associated with the spread of virus...

The Carbon Reduction Commitment (CRC), a cap and trade scheme that aims to reduce the UK's carbon dioxide emissions, is due to come into force in only twelve months' time. On 12 March 2009, the Department of Energy and Climate Change (DECC) publish...

Helpful analysis of when landlords of mixed–use properties need to consult their tenants before incurring service charge costs. The Landlord and Tenant Act 1985 requires landlords who own residential blocks of flats to consult their tenants b...

High value residential property New Tax Rates The 2012 Budget introduced a new charge to stamp duty land tax (“SD...

The Chancellor’s Autumn Statement contained the following stamp duty land tax announcement regarding the tax-free ...

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HEALTH AND SAFETY In the courts - cameras to broadcast from the Crown Court for the first time The government has announced new legislation which will permit the sentencing remarks of High Court and senior judges in certain criminal cases to be film...

There have been many examples of high profile health and safety incidents in recent years, including major rail disasters, the serious incident at Alton Towers and of course the tragedy at Grenfell Tower. These have rightly received high profile, wi...

ENVIRONMENT Long Awaited Environment Bill Back in Parliament The UK Environment Bill seeks to deliver “the most ambitious environmental programme of any country on earth” by setting a “gold standard” for environmental protect...

  HEALTH & SAFETY So what now? Where low occupancy poses water-borne risks Most organisations during this pandemic have rightly focused on the health and safety of employees and the general public in tackling the spread of the virus. Whilst...

Sixteen patients receiving treatment for Coronavirus in Kano State have been discharged after recovering from the disease.

This brings the total number of discharged patients in the state to 22.

Mallam Muhammad Garba, Commissioner for Information in the state, made this known in a statement on Thursday. 

Garba said among those discharged were Prof Abdulrazak Garba Habeeb of the Department of Medicine, Aminu Kano Teaching Hospital, Bayero University, who is also the Co-chair of the state’s Prevention Task Force on COVID-19, Dr Aminu Ibrahim Tsanyawa, the state’s Commissioner for Health among others.

The commissioner pointed out that all the patients have tested negative for the disease after the two follow up tests and have therefore reached full recovery.

Summary In this case certain E&Y entities based in London were ordered to pay USD10.8 million for loss of earnings to a whistleblowing former auditor employed by an E&Y entity that was not based in the UK and not party to the proceedings. Th...

On 1 May, the FCA issued two sets of draft guidance which will be important reading for all firms involved in insurance arrangements and particularly insurers, intermediaries and premium finance lenders. As it considers that the delay involved in co...

By Anu Anwar HONOLULU (November 1, 2019)—Originally announced by Chairman Xi Jinping in 2013, the Belt and Road Initiative (BRI) aims to bolster China’s connectivity with the world. While the name Belt and Road Initiative implies two routes—a maritime road through the Indian Ocean and a land belt across Central Asia—in reality, BRI projects encompass multiple, interconnected global networks. The BRI combines old and new projects, covers an extended geographic region, and includes efforts to strengthen infrastructure development, investment, and cultural ties.

This is a summary only. Click the title for the full article, or visit www.EastWestCenter.org/Research-Wire for more.

The UK government announced at the March Budget that they intend to introduce a requirement for large businesses to notify HMRC where they adopt an “uncertain tax treatment”.  The proposal is designed to improve HMRC’s ability...

On Monday, the Home Secretary, Theresa May, launched the consultation document for the proposed permanent annual limit on non-EU economic migration. At the same time, details of a temporary limit to operate in the interim period until April 2011 wer...

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