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RAB to the rescue: The UK government’s proposal for a revenue support mechanism to fund new nuclear power plants The UK government recently announced three proposed policy options to establish a revenue support mechanism under the Nuclear Energy (Financing) Act 2022 (the “Act”). Building on our previous briefing, outlining the legal framework for th... Competition & Regulatory Newsletter: Meggitt / Parker-Hannifin cleared by UK government On 19 July 2022 the Secretary of State of the Department for Business, Energy and Industrial Strategy cleared the £6.3 billion acquisition of UK aerospace company Meggitt plc by Parker-Hannifin Corporation, a US-listed company which supplies compone... EU Commission provides practical guidance on how to use SCCs As organisations get to grips with the new documentation for international transfers issued under both the EU and UK GDPRs, questions inevitably arise as to how these updated sets of standard contractual clauses should be used. In our briefing, we discuss... Review of Electricity Market Arrangements in the UK: Fundamental reform begins The Review of Electricity Market Arrangements (REMA) consultation was published on 18 July 2022, but its unassuming launch belies its potential impact. REMA in fact kick-starts a multi-year process of review and potential reforms which may impact almost e... Data Privacy Newsletter - Issue 19 In this issue: Legal updates, case law update, regulator guidance, ICO Enforcement overview, EU GDPR enforcement overview, views from... United States of America, the Lens, Data Privacy at Saughter and May The last few months have seen rhetoric turn int... Pensions Bulletin - July 2022 Corporate Plan 2022 to 2024; portfolio alignment metric; pension scheme trustees’ investment strategy; guidance on stewardship reporting; Pensions dashboards; authorisation of CDC schemes In this month’s Pensions Bulletin, we cover: The Pe... Improving secondary share issues: Review Group publishes recommendations This briefing looks at the recommendations of the UK Secondary Capital Raising Review for improving secondary (follow-on) equity fundraisings and what they would mean in practice for companies listed on the London Stock Exchange. This briefing looks at t... UK diverges from EU on new plans for AI regulation The 18th July was a busy day for AI in the UK. As well as publishing the Data Protection and Digital Information Bill, which includes AI measures, the UK Government published a new AI policy paper which outlines its proposed approach to regulating AI in t... Strategise before you strike - Recent cases concerning Hong Kong court’s powers to wind up foreign companies and recognise foreign insolvencies The Court of Final Appeal has recently clarified whether a Hong Kong court should exercise its winding-up jurisdiction over foreign companies if the petitioner would derive benefit from the invocation of the court’s winding-up process but not from t... Tax and the City Review for July 2022 The General Court upholds the European Commission’s assessment that the group financing exemption in the UK’s CFC rules partially constituted unlawful State aid. Since the Qualifying Asset Holding Company (QAHC) regime was launched in April, a...