UK secures first major trade deal post-Brexit with Japan

On Friday 11 September the UK and Japan agreed a free trade deal, which is the first major trade deal secured by the UK as an independent nation. The deal took just over three months to conclude and the full text will be available in October.

Related briefings

Public censure and fine for breaching AIM Rules 10 and 31

By John Hamer, Debbie Jackson, Richard Naish, Daniel O’Gorman, Jo Stephenson, Oliver Duke On 10 August 2020, the London Stock Exchange (LSE) announced that Yü Group plc (Yü) had been publicly censured and fined £300,000 for breaches of Rules 10 (principles of disclosure) and 31 (AIM company and directors’ responsibility for compliance) of the AIM […]

FCA issue final notice to CEO for market manipulation

By John Hamer, Debbie Jackson, Richard Naish, Daniel O’Gorman, Jo Stephenson, Oliver Duke The Financial Conduct Authority (FCA) has published a final notice issued to the former CEO of Worldspreads Limited and its holding company, Worldspreads Group plc, for behaviour contrary to sections 118(5) (manipulating transactions), (6) (manipulating devices) and (7) (dissemination) of the Financial Services and Markets Act […]

Reform to modern slavery laws

By John Hamer, Debbie Jackson, Richard Naish, Daniel O’Gorman, Jo Stephenson, Oliver Duke Government has published its response to the recent consultation on transparency in supply chains. The consultation, which was launched last summer, sought views on proposed measures to strengthen the transparency in supply chain reporting provisions in section 54 of the Modern Slavery […]

Administration appointments: Does failure to give notice under Schedule B1 render the appointment void?

By Duncan Lole, Olivia Robinson Strategic Advantage SPC v Tokenhouse VB Limited and others [2020] EWHC 003171 (Ch) is the most recent case in a long line of cases grappling with the consequences of non-compliance of prescribed conditions for the out-of-court appointments of administrators, introduced in September 2003 by Schedule B1 to the Insolvency Act 1986 […]

Debt for equity swaps – A possible solution to rising levels of debt?

By John Hamer, Debbie Jackson, Richard Naish, Daniel O’Gorman, Jo Stephenson, Oliver Duke The Financial Times recently reported that UK business faces a potential debt burden of up to £105 billion with small and medium sized companies under most pressure. Such levels of corporate debt are likely to be unsustainable and create obvious issues for […]

Latest Briefings

No money-back guarantee – When severance agreements go wrong

By Louise Hall. Sarah Ash, Victoria Pratt, Daniel Read, Niall MacDonald A case in the US courts involving the former CEO of McDonald’s may appear to have very little to offer in the way of lessons for regulated financial services businesses in the Channel Islands. But the case against Steve Easterbrook currently in the Delaware […]

EU recognition of Cayman Islands tax cooperation and removal from Annex I list

By Lucy Frew, Ingrid Pierce, Tim Buckley, Lucy Frew, Anne Dolan The European Union (“EU”) has announced that the Cayman Islands has been removed from Annex I of the EU’s list of non-cooperative jurisdictions for tax purposes (“Annex I”) following a meeting of the EU’s Economic and Financial Affairs Council (“ECOFIN“). The Cayman Islands’ continued […]

Data analysis: How Covid-19 has affected professional services content

By Samuel Page In the last two months, there has been a huge increase in demand for digital content from Professional Services clients. The pressing need for information and advice from professionals has driven the highest traffic, page views and time-spent ever seen across the Passle network. I’m not in the business of saying that […]

New law to scrutinise pre-pack sales in administration

By Andrew Taylor On 8 October 2020, the Government announced new laws for independent scrutiny of pre-pack administration sales where connected parties, such as previous directors, shareholders or associates are involved in the purchase. What is a pre-pack sale? A pre-pack administration sale is a procedure where an insolvent business reaches an agreement to sell […]

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