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Briefing Notes

THERE IS STILL TIME –  one “last chance” to come clean about offshore tax non-compliance

In a climate where significant steps have been taken over the last few years to target tax evasion, the Worldwide Disclosure Facility (“WDF”) is considered the “last chance” for individuals to disclose any offshore tax non-compliance issues to HMRC before tougher new sanctions, including substantial financial penalties, broader powers of “naming and shaming” and increased […]

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Enforcement issues: Taking control of goods

Recently the Commercial Court, in Midtown Acquisitions LP v Essar Global Fund Ltd & Ors [2017] EWHC 2206, considered attempts to take control of a private jet under the Tribunals, Courts and Enforcement Act 2007. The Claimants had a judgment debt of US$194m against the Defendant based on a New York judgment which was sought […]

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Employment law update: Supreme Court declares tribunal fees unlawful

On the 26th of July, the Supreme Court found in favour of trade union Unison in the case of R (on the application of Unison) v Lord Chancellor. The court declared that employment tribunal fees, first introduced by the Employment Tribunals and the Employment Appeal Tribunal Fees Order 2013, are unlawful and should no longer […]

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Terminating a Commercial Contract – How to navigate a safe exit

Most businesses will want to take steps to terminate a commercial contract at some point during their lifetime. However, without proper consideration of the terms of the contract, how and when to terminate it and the consequences of termination, disputes can arise.  Our experience suggests that all too often businesses give notice to terminate contracts […]

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Decision on Revision of UCP600

As expected, but nonetheless welcome, the Executive Committee of  ICC Banking Commission has announced its Decision not to undertake at this stage a revision of UCP600 The UCP 600 (“Uniform Customs & Practice for Documentary Credits”) is the official publication of the ICC (International Chamber of Commerce) containing the rules which apply internationally to Letters […]

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Charities Briefing Note – The Common Reporting Standard

The Common Reporting Standard (CRS) is a global standard for the automatic exchange of information between the tax authorities of participating countries. It has been designed to prevent individuals and entities using offshore structures to evade tax and has important implications for charities. Some charities, especially those that have a trust structure and receive the […]

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