Reducing conduct risk in LIBOR transition

As we progress through Q2 of 2021, the 6 month countdown for firms to have completed their LIBOR transition programmes in accordance with timetable set out by the Working Group on Sterling Risk Free Reference Rates has commenced. As part of that, some firms are still grappling with many of the technical aspects of the transition to Risk Free Rates (RFRs) with, for instance, clarity still awaited on how the FCA will exercise its powers under the Financial Services Bill. That uncertainty may also have led some to delay the implementation of their communications strategy with their customers.

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Bridging the IT and data gap in post-pandemic retail

Our latest research among the UK’s top 100 retailers reveals that IT and digital capabilities are failing to keep pace with demand, and the challenges and opportunities with improving the omnichannel experience.

Corporate insolvency in 2021

After a period of significant inactivity as a result of the various temporary measures introduced during the pandemic, we are now approaching an insolvency cliff edge in the UK. In this video, senior restructuring and insolvency lawyers from TLT’s Scottish, Northern Irish and English offices discuss:…

First major change to NI gambling laws in over 35 years

Gambling operators in Northern Ireland will face a statutory levy and mandatory code of practice under the first phase of reforms to gambling laws. Department for Communities Minister, Deirdre Hargey, has announced a two phase approach to changing NI’s gambling laws following a consultation in 2020. Minister Hargey in introducing the changes said: “Gambling legislation […]

Climate friendly contract clauses

The Chancery Lane Project (TCLP) is a pro bono initiative that calls on the collective legal expertise of its 700+ collaborators to develop new contract clauses and model laws to fight climate change and achieve net zero carbon emissions. To date, TCLP has developed 70 model clauses and a number of model laws. We are […]

Latest Briefings

Moving to the Cayman Islands

Boasting an enviable lifestyle, modern infrastructure and a highly sophisticated financial services industry and all within a short flight of Miami and other US cities, the Cayman Islands check all the boxes for individuals seeking to relocate to a tax-neutral jurisdiction. As a result, the Cayman Islands have evolved into an increasingly popular place of residence for internationally mobile “remote-workers” and high-net-worth individuals from around the world.

FCA consults on new consumer duty in retail financial markets

Following the April 2019 publication of its feedback statement on a duty of care and potential alternative approaches, the Financial Conduct Authority (FCA) is consulting until 31 July 2021 on a new Consumer Duty that would set clearer and higher expectations for firms’ standards of care towards consumers.

Tech companies: three things you should know from the 2021-22 Quebec budget

The Québec Budget 2021–2022 includes measures encouraging investment to accelerate technology adoption and strengthens several tax measures aimed at the technology sector. The three key tax measures that tech businesses and entrepreneurs should know about are discussed below.

Workplace testing and vaccinations: What employers need to know

Workplace testing has proven to be a crucial piece in the UK government’s jigsaw to get British business back on its feet. But how can businesses implement a workplace testing programme and will the vaccine roll out make a difference?

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