Competition law enforced against retailer for RPM, whilst supplier immune

UK and EU competition law provides that retailers must be free to determine their own resale prices. Actions by suppliers to restrict this freedom by dictating a fixed or minimum resale price are prohibited.

Related briefings

More developments in relation to the CJRS

Just as employers are getting to grips with flexible furlough, yet more changes have been announced in respect of the Coronavirus Job Retention Scheme (CJRS). We examine the impact of these changes for employers.

Brexit 1.0 done. Brexit 2.0 looms: what’s next?

The UK formally left the EU six months ago. This article sets out some of the key points about the next stage of the Brexit process at the end of the transition period – Brexit 2.0 – and a link to a guide on what businesses need to do now.

CJRS – employers who overclaim face costly consequences

Following the arrest of a man on suspicion of defrauding the government’s Coronavirus Job Retention Scheme (CJRS) by £495,000, HMRC has now published guidance to help employers who have received grants under the scheme that they were not entitled to receive.

Latest Briefings

Setting aside company transactions involving Jersey, Guernsey and BVI companies

Financial pressure can change perspectives on transactions – whether through the lens of an insolvent winding up, in the context of a counterparty or related interested party exploring ways in which they might unravel a transaction, or a new board considering whether a company can extricate itself from contractual arrangements that appear to have been subject to a conflict of interest or which were for an improper purpose.

Trustees – finding certainty in uncertain times

There is an old saying, attributed to the French Philosopher Voltaire, that ‘doubt is not a pleasant condition but certainty is an absurd one’. For trustees of trusts governed by the laws of the Cayman Islands (Cayman), and indeed for trustees worldwide, doubt as to the future value of trust assets (and as to the future needs or actions of beneficiaries) may be their new default condition as they deal with the upheaval brought on by recent global events.

Update on economic substance in the Cayman Islands

Along with its fellow Crown Dependencies and Overseas Territories, the Cayman Islands now has comprehensive economic substance legislation, under which in-scope entities that carry on particular activities are required to demonstrate economic substance in Cayman.

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