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Latest legal news from Out-Law.com, part of international law firm Pinsent Masons
Updated: 16 min 2 sec ago

Mobile payments soar among Chinese travellers

Wed, 10/17/2018 - 16:06
Popular travel destinations for Chinese consumers have seen the use of mobile payments surge during the seven-day long 'Golden Week' of Chinese public holidays this October.

Singapore eases robo-advice eligibility regulations

Wed, 10/17/2018 - 16:04
Providers of digital fund management services may qualify for licenses even if they do not meet existing criteria, according to new guidance form the Monetary Authority of Singapore (MAS). The guidance also allows for exemptions from some information collection obligations.

Chinese firm awarded $217m worth of Dubai road contracts

Wed, 10/17/2018 - 15:26
China State Construction Engineering Corporation Middle East (CSCEC ME) has won contracts for R1086 Dubai Hills Estate Mall Access and Umm Suqeim Street Upgrading. The contracts are worth $217 million (AED800m).

Government urged to fund Brexit stockpiling of medicines

Wed, 10/17/2018 - 13:05
The UK government should help industry to fund the cost of stockpiling medicines ahead of Brexit, a trade body has said.

Universities must prioritise support for student mental health

Wed, 10/17/2018 - 11:48
ANALYSIS: There is growing pressure on universities to improve how they support students with mental health problems.

Duty to care for student mental health has legal implications for universities

Wed, 10/17/2018 - 11:37
ANALYSIS: Universities have a duty to support students with mental health issues, but there are a series of legal issues that they need to consider which should shape how they do so.

VAT demands issued to UK branches of non-UK financial services companies

Wed, 10/17/2018 - 11:30
ANALYSIS: Businesses in the financial services sector that outsource group functions to a non-UK group company with a UK branch could face multi million pound VAT challenges.

'Hands off' management of staff stress not an option for universities

Wed, 10/17/2018 - 10:55
ANALYSIS: It is not an option for universities to adopt a 'hands off' approach to managing staff stress because of their duties under UK health and safety and equality laws.

Large UK businesses fined £59m by HMRC for 'careless' behaviour

Wed, 10/17/2018 - 10:28
The UK’s largest businesses were charged £59 million in fines by the UK's HM Revenue & Customs (HMRC) in 2017 for ‘careless’ behaviour in their tax affairs, according to figures obtained by Pinsent Masons, the law firm behind Out-law.com.

Bank of England sets out expectations for management of climate risk

Tue, 10/16/2018 - 15:03
The Bank of England’s Prudential Regulation Authority (PRA) has published a consultation on its expectations for banks and insurance companies for the management of financial risks arising from climate change.

Pension charges and governance reporting in practice

Tue, 10/16/2018 - 12:41
ANALYSIS: As UK policymakers and regulators begin to better understand their role in relation to workplace pensions and safeguarding members' money, the charges and governance regime continues to evolve.

Courts uphold 'ground breaking' UK first unexplained wealth order

Tue, 10/16/2018 - 12:35
The High Court has upheld the UK's first unexplained wealth order (UWO), dismissing a legal challenge to the order obtained by the National Crime Agency (NCA) earlier this year.

Banker fails to set aside freezing order in Libyan bribery case

Tue, 10/16/2018 - 11:43
The High Court has dismissed an application to set aside a freezing order brought by a banker involved in an ongoing case brought by the firm which manages a Libyan sovereign wealth fund.

FCA consults on 'no deal' Brexit plans for financial firms

Tue, 10/16/2018 - 11:07
The Financial Conduct Authority (FCA) has published plans for incorporating European financial services rules into the UK framework in the event of a 'no deal' Brexit. The plans make technical changes but do not propose any immediate policy changes.

UK government reveals transition from EU to UK law for financial instruments

Tue, 10/16/2018 - 11:00
The UK’s Financial Conduct Authority (FCA) will be given a set of temporary powers giving it flexibility over the operation of the transparency regime for the EU’s second Markets in Financial Instruments Directive (MiFID II) after Brexit.

UK Brexit investment manager plans don't cover post-transition status

Tue, 10/16/2018 - 10:07
Proposed UK legislation governing investment funds and managers does not contain provision for UK fund managers taking investment from the EU after an initial three year transition period.

UK proposes introduction of carbon tax for emission prices in no-deal Brexit scenario

Tue, 10/16/2018 - 09:59
The UK government is planning to introduce a carbon tax to apply across the UK in order to meet carbon emission pricing commitments, should there be no deal with the EU over the terms of Brexit.

UK opens consultation on ethnicity pay gap reporting

Fri, 10/12/2018 - 11:28
UK employers could be required to publish data on their pay gaps for workers from different ethnic backgrounds, the government has announced.

Are you ready for the new carbon reporting framework?

Thu, 10/11/2018 - 16:45
ANALYSIS: The UK's new Streamlined Energy and Carbon Reporting framework (SECR) is being introduced from 1 April 2019.

What the Insurance Distribution Directive means for firms

Thu, 10/11/2018 - 14:57
ANALYSIS: New rules on insurance distribution have come into force that set new requirements about the way businesses in the insurance market engage with customers.