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Rate expectations: Dear CEO letter encourages action from asset managers on LIBOR transition

The Financial Conduct Authority (the “FCA”) sent a letter to all UK regulated asset managers on 27 February 2020 (the “Dear CEO Letter”), to encourage the sector to prepare for the cessation of the sterling London interbank o...




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Open for business: Proposal for a streamlined UK regime for overseas funds post Brexit

Cross-border fund marketing arrangements into the UK are poised to be significantly amended when the current post-Brexit ‘transition or implementation period’ (“TIP”) comes to an end on 31 December 2020.  Retail funds&rs...




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PPL Corporation (PPL) CEO Bill Spence on Q1 2020 Results - Earnings Call Transcript




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Determining a highway ‘maintainable at public expense’ not a walk in the park

The High Court looks at the definition of highway ‘maintainable at public expense’ in the recent case of Barlow v Wigan Metropolitan Borough Council (2019). The case at first instance The claimant, Deborah Barlow, brought a claim against...




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Coronavirus - EU Commission guidelines: Is compensation payable when flights are cancelled - EU

Summary of the communication from the EU commissionInterpretative Guidelines on EU Regulation 261/2004 on passenger rights in the context of the developing situation with Covid-19 - 18 March 2020 Right to choose between reimbursement and rerouting ...




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Mali's new mining code ends tax exemptions, shortens regulatory stability period

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Business rates and empty property from 1 April 2008

A guidance note for clients Empty rates As part of its policy to encourage the use and occupation of empty buildings, the Government has introduced the Rating (Empty Properties) Act 2007 (the 2007 Act). Under the 2007 Act, with effect from 1 April ...




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Energy performance certificates

The new energy performance regime came into force on 6 April 2008 in respect of buildings with a floor area in excess of 10,000 square metres. Buildings with a floor area of over 2,500 square metres will be brought within the regime on 1 July. Howev...




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Terminating periodic tenancies

The issue in McCann v United Kingdom was whether our domestic law is compatible with Article 8 of the European Convention of Human Rights. Article 8 provides that everyone has the right to respect for their home. Mr McCann's wife left the family ho...




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Perpetuities and Accumulations Bill

It is proposed that the rule against perpetuities should no longer apply to property transactions, but only for those entered into after the law has changed.   A Perpetuities and Accumulations Bill has been published and underwent its second re...




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Consulting tenants of mixed-use properties on service charge expenditure

Helpful analysis of when landlords of mixed–use properties need to consult their tenants before incurring service charge costs. The Landlord and Tenant Act 1985 requires landlords who own residential blocks of flats to consult their tenants b...




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Competition law to apply to land agreements from April 2011

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Court of Appeal's analysis of lease guarantees

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SDLT on high value residential property

High value residential property New Tax Rates The 2012 Budget introduced a new charge to stamp duty land tax (“SD...




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.properties opens its doors

The protection of brands is a key issue for many businesses, particularly for those brands which are consumer facing.   One aspect of brand protection is the protection of brands in domain names. Until recently, the number of generic top l...




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EU Advocate General gives landmark opinion in relation to the VAT treatment of property services to Real Estate Funds (C-595/13)

This week, an Advocate General gave a landmark opinion that the VAT exemption for the management of certain special investment funds can apply to property management, as well as to other fund management services. The opinion represents a completely ...




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The Court of Justice in Eenheid holds that the day to day management of Property Funds is subject to VAT

The Court of Justice of the European Union delivered its judgment in Case C-595/13 Staatssecretaris van Financiën v Fiscale Eenheid X NV cs on 9 December 2015. Full Article



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R v Faltec Europe Ltd - Court of Appeal Guidance

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The Minimum Energy Efficiency Standard (“MEES”) for commercial properties – upcoming changes for landlords and tenants.

On the 15 October 2019 the government published its consultation on the future trajectory of the Minimum Energy Efficiency Standard for commercial properties under the Energy Efficiency (Private Rented Property) (England and Wales) Regulations 2015 ...




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Strategic, pragmatic and focused support - Planning and Environmental Group Experience

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Delivering climate neutrality- the European Climate Law

On 4 March 2020, the European Commission adopted its eagerly awaited European Climate Law proposal which will enshrine into EU legislation the European Union’s commitment to achieve net zero greenhouse gas emissions by 2050 (the “2050 Ob...




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Coronavirus – Weekly Pensions Clinic for Clients - Ireland

Coronavirus restrictions are causing significant ongoing disruption and difficulties for employers, pension trustees, administrators and providers. To assist our clients during these unprecedented times, we are introducing a weekly pensions clinic. ...




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Coronavirus – Safe re-opening - Ireland

The coronavirus pandemic has put health systems, workplaces and the economy under enormous strain. At the same time, employers are looking ahead in the expectation that the Government will permit them to gradually lift their containment measures wit...




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Combining sector knowledge and technical know-how to deliver largest unsubsidised wind farm in Europe

Eversheds Sutherland advises Glennmont on the sale of a minority stake in 211MW Finnish wind project Eversheds Sutherland has advised Glennmont Partners on its agreed sale of a 15% minority stake in Project Piiparinmäki, a 211.4MW wind farm, to...




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Open Finance – Don’t Miss Your Chance to Input

Late last December, the FCA issued a Call for Input (CFI)[1] to explore the opportunities and risks arising from Open Finance. Comments are due by Tuesday 17 March 2020 – don’t miss your chance to ha...




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Coronavirus – FCA expectations of general insurance firms - UK

The FCA has published information on its expectations of general insurance firms in relation to their treatment of consumers during the coronavirus (Covid-19) pandemic. The FCA has also published information for consumers on what they sho...




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Coronavirus – FCA expectations of general insurance firms - UK

The FCA has published information on its expectations of general insurance firms in relation to their treatment of consumers during the coronavirus (Covid-19) pandemic. The FCA has also published information for consumers on what they sho...




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Eversheds HR e-briefing 543: Queen's Speech: what news for employment law?

As part of the State opening of Parliament, the Queen today set out the government’s plans for legislation over the course of the new parliamentary session.  Disappointingly, however, the Queen’s Speech contained...




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I Have Doubts That Peabody Energy Corporation Can Survive




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PerkinElmer: The Market Completely Missed The Transformation



  • PKI
  • Belgian And Bullish

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Medical Properties Trust: Oversold And Still Growing




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EPR: Dividend Suspension A Prudent Move, But Keep Avoiding The Stock




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VAT and Operators of ATMs

  The recent Court of Justice decision in Finanzamt Trier v Cardpoint GmbH (Case C-42/18), released on 3 October 2019, has decided that operators of automated teller machines (“ATMs”) must now charge VAT on their fees for services t...




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Six highlights of DAC6 – A new European Union information reporting regime

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Coronavirus - Import duty and VAT on medical supplies, equipment and protective clothing - Europe

In order to help in the fight against COVID-19, the European Commission has adopted a Decision, addressed to the Member States, which allows for tax authorities across Europe to offer import tax reliefs to importers of personal protective equipment ...




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Coronavirus - Guidance on corporate residence and permanent establishments – UK

In the midst of the current COVID-19 pandemic, businesses have been faced with a series of international tax questions on residence, permanent establishments and taxing rights of employee income. The general ambiguity of some of these tests does not...




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Tax residence and permanent establishments in the time of Covid-19

Where do I lay my hat? Tax residence and permanent establishments in the time of Covid-19 Read the article here > This article was first published in Taxation on 9 April 2020....




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Coronavirus - DTA Luxembourg and DTA Netherlands – Cross-border commuters (“Grenzpendler”) working in their home offices - Germany

German-Luxembourg cross-border commuters Luxembourg and Germany have concluded a mutual agreement (Verständigungsvereinbarung) for Covid 19 related home office activities (für Corona bedingte Home Office Tätigkeiten) on 3 April 2020,...




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Coronavirus - Flat-rate carryback for expected losses – Germany

Retroactive reduction of advance tax payments for 2019 ... Due to the coronavirus crisis, many taxpayers can expect their income to collapse considerably in 2020, leading to losses that can be offset against tax payments. Such losses can be off...




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HR e-briefing 397 - EU agrees major changes to European Works Councils

The European Parliament agreed to a new 'recast' version of the European Works Council (EWC) Directive on Monday 15 December and this was confirmed when MEPs voted in favour on Tuesday 16 December. The recast EWC Directive is now expected to be...




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Service provision change under TUPE

Since the 2007 decision of the Reading Employment Tribunal in the case of Hunt v (1) Storm Communications Ltd (2) Wild Card Public Relations Ltd and (3) Brown Brothers Wines (Europe) Limited it has been understood that the provision of professional ...




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New European Works Council legislation: what will it mean in practice?

The Government has responded to the 2009 European Works Council (EWC) Directive by publishing draft implementing Regulations and stating their intention to finalise them in 2010, but delay implementation until 5 June 20...




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Eversheds' HR e-briefing 468 - Temporary cap on non-EU migration and launch of consultation on permanent annual cap

On Monday, the Home Secretary, Theresa May, launched the consultation document for the proposed permanent annual limit on non-EU economic migration. At the same time, details of a temporary limit to operate in the interim period until April 2011 wer...




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HR e-briefing 494- Key strike law decision from Court of Appeal

The law relating to industrial action is complicated and many aspects are unclear, mainly because of conflicting court decisions, complex statutory rules or because of the absence of judicial interpretation. In particular, uncertainty exists over th...




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IHC HR e-briefing 141 - Key strike law decision from Court of Appeal

The law relating to industrial action is complicated and many aspects are unclear, mainly because of conflicting court decisions, complex statutory rules or because of the absence of judicial interpretation. In particular, uncertainty exists over th...




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Eversheds' HR e-briefing 508: Significant change for European Works Councils from 5 June 2011

There are over 900 European Works Councils (EWCs) providing for pan-European workplace consultation involving cross-border restructuring, mergers and transfers. While employers with EWCs have differing views on their success and relevance to date, l...




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UK IHC HR ebrief EU appears open-minded about pay between assignment contracts

EU appears open-minded about pay between assignment contracts Having inherited the Agency Workers Regulations 2010 on taking office, the UK Government had p...




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Avoiding disruption. European guide to strikes and other industrial action

The European guide to strikes and other industrial action has been created by Eversheds Sutherland to provide you with a quickand easy reference when responding to threats of industrial action in 15 European countries. Click here to download the pub...




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Eversheds Sutherlands UK Labour Law E-briefing - Court of Appeal upholds small single collective bargaining unit

Court of Appeal upholds single collective bargaining unit for only 1.2% of employees in an otherwise non-unionised employer In a significant development for employers, particularly those without recognised trade unions and those with dispersed busin...




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Mortgage PAP - our experience

The mortgage pre-action protocol (MPAP) has been in force for a little over six months, long enough for the courts' approach to settle down and for patterns to emerge. This article looks at our experiences. The good news is that MPAP compliance has...