Author Archives: Molly Jones

A new direction for FCA decision making

As part of the Financial Conduct Authority’s (“FCA”) “Transformation Programme” to become a more innovative and assertive regulator, the FCA has announced its new approach to decision making. The policy statement (PS21/16) amends the FCA’s Enforcement Guide (EG) and Decisions …

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Data subject access requests are ‘weaponised’ as disgruntled customers seek to ‘tie businesses in knots’

DSARs allow an individual to ask any organisation to provide copies of all of the data they hold about that individual. DSARs have steadily increased since 2018 when the £10 fee was abolished. But now, as businesses hold more data …

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English Court confirms it has no jurisdiction to permit a counterclaim in enforcement proceedings

In Selevision Saudi Co v BeIN Media Group LLC [2021] EWHC 2802 (Comm), the High Court held that it had no jurisdiction to permit a counterclaim in proceedings to enforce a New York Convention award pursuant to section 101(2) of …

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CIGA 2022 and beyond…

Eighteen months after the introduction of Corporate Insolvency and Governance Act 2020 (CIGA) Robin Henry and Jeff Roberts from Collyer Bristow’s Insolvency team are joined by Colin Haig, the current President of R3 and Head of Restructuring at Azets; Lee …

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UK will tighten the regulation of cryptoassets this year

The UK government is cracking down on misleading advertising in the cryptoasset markets. The move is in response to concerns that advertisements (which are often targeted at retail investors) can sometimes overstate the benefits of, without adequately warning about the …

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The importance of resisting the lure of a standardised approach to ESG-reporting

As governments set their own environmental goals, companies follow suit with ambitious and headline-grabbing targets for achieving, among other things, net-zero emissions. But what are companies actually required to do in terms of reporting climate targets? And why should they …

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Inheriting from US trusts

When considering a client’s estate planning, advisers like to reach for the most familiar tools in their arsenal. However, for US/UK clients, the tools that work in the US may not necessarily be tax-efficient in the UK. It is important …

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HICBC: January 2022 update – 2017/2018 tax position

Self-Assessment In their letters, HMRC correctly notes that the Upper Tribunal mentioned the fact that, if HMRC act within the statutory 4-year tax filing deadline, they can require HICBC taxpayers to file a self-assessment tax return. This means that the …

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Gifts to Disabled and Vulnerable People

When making a gift to a disabled or vulnerable person, it is not only important to consider the donor’s position but also that of the recipient of the gift. For example, an ill-considered outright gift to a disabled or vulnerable …

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Can I gift my holiday home or rental property to my children

Transferring ownership of property from parent to child in the UK The principal tax to consider when making gifts is inheritance tax (IHT). The gift of a property will be a ‘potentially exempt transfer’. If you survive the gift for …

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