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A Guide to Takeovers in the United Kingdom Memorandum providing a general guide to takeovers of listed companies in the UK This memorandum is a general guide to takeovers of UK incorporated and listed companies subject to The City Code on Takeovers and Mergers. It describes the UK bodies whi... EFIG: European Banking Newsletter – December 2023 Developments in this month's edition include: TARGET – ECB adopts amending Guideline and Decision Mapping of external credit assessments under Capital Requirements Regulation and Solvency II – Final reports published by ESAs CRR &nda... Competition & Regulatory Newsletter: European Commission fines Rabobank over bonds trading cartel European Commission fines Rabobank over bonds trading cartel On 22 November 2023 the European Commission fined Rabobank €26.6 million for its participation in a bonds trading cartel. Deutsche Bank was also found to have participated in the cartel but rec... Recent IBOR developments in the loan market With the mammoth task of transitioning away from LIBOR coming to an end, the focus has turned to interest rate benchmark reform in non-LIBOR currency jurisdictions. Recent developments in two such jurisdictions – Canada and Europe – have promp... Insurance Newsletter - November 2023 In this newsletter we discuss: the Consumer Duty in practice, FCA insurance market priorities and themes from our best friends seminar. In this newsletter we discuss: The Consumer Duty in practice FCA insurance market priorities Themes from our best... Commentary: Multinational Top-up Tax in Part 3 of the Finance (No.2) Act 2023 Zoe Andrews has written the commentary on the Multinational Top-up Tax provisions in Part 3 of Finance (No. 2) Act 2023 (and associated Schedules) for the Tolley’s Finance Act Handbook.   Part 3 is the starting point for the UK’s implem... BLOG: Stamp duty in the Autumn Statement 2023: update on the 1.5% charge and extension of the growth market exemption The Budget Resolutions published following the Autumn Statement 2023 give temporary statutory effect to provisions intended to remove the UK’s 1.5% stamp duty charge in many circumstances where it would have previously been disapplied under EU law a... Tax Journal – Autumn Statement 2023 Making full expensing – 100% first year capital allowances for investment in qualifying plant and machinery – permanent is the headline corporation tax measure from Autumn Statement 2023. In the Chancellor’s own words : “Worth... BLOG: R&D Tax in the Autumn Statement 2023: A tale of two regimes For those, like me, who have been following the ever-changing research and development (R&D) tax relief landscape in the UK over the past few years, it will have come as no surprise that the Chancellor, in his Autumn Statement 2023, delivered the fina... 2023 HR Autumn Statement Briefing The 2% cut in the main rate of employee’s National Insurance Contributions is likely to be at the forefront of employees‘ minds following the Government’s Autumn Statement today, but there were also other important announcements that emp...