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China Clarifies Cross Border Data Transfer Rules

In November 2021, China introduced their core personal data protection regulations: the Personal Information Protection Law (PIPL). The PIPL applies to personal information, which is information that may be used to identify natural persons. Article 73 of the PIPL uses…
Posted on 29th July, 2022
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Reforming executive pay – Government proposals and investor concern

There have been a number of recent developments with regard to executive pay.  These are summarised below. Department of Business Innovation and Skills In September 2011 the Department of Business Innovation and Skills (“BIS”) published 2 documents relating to executive…
Posted on 1st January, 2012
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The UK Bribery Act came into force on 1 July 2010 as the FSA announces a corruption review

The UK’s Bribery Act 2010 (the “Act”) applies to all organisations carrying on business in the UK and creates a number of offences, breach of which is punishable by up to 10 years imprisonment and an unlimited fine. Organisations doing…
Posted on 7th January, 2011
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Insured benefits and the State Pension Age

Employers who want to withdraw insured benefits from employees who have reached the state pension age (the “SPA”) should be aware that it may not be as straightforward as it first appears. Background The Equality Act 2010 contains an exception…
Posted on 7th January, 2011
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UK Budget 2011

The UK Budget was presented on 23 March 2011. Summary of the Budget’s major changes  The main points arising from this Budget are set out below: Revised legislation on “disguised remuneration” is included in the Finance Bill 2011 published on…
Posted on 4th January, 2011
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UK: Breaking news – New CEBS guidelines published on 10 December

Further to our article - CRD 3 and restrictions on remuneration in the financial services sector (click here), the Committee of European Banking Supervisors (“CEBS”) has published new guidelines on the Capital Requirements Directive (“CRD 3”). These Guidelines will be…
Posted on 12th January, 2010
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UK: 2011 “Budget” date announced for review of UK fiscal regime

The UK Budget 2011 will take place on Wednesday 23 March 2011. This date is important because changes to the UK tax regime can come into effect on the day of the Budget.  Where possible, any schemes which may be…
Posted on 12th January, 2010
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UK: Bribery Act 2010 – ALERT – Are you compliant?

All organisations doing any business in the UK need to take active steps to manage the risk of criminal liability under this new Act The provisions of the Act come into force in April 2011. An obligation on all commercial…
Posted on 12th January, 2010
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UK government announces new cap on number of migrants to the UK

The government has announced that from April 2011 new measures are being introduced to limit the number of non-EEA migrants who may come to the UK. Overview of UK immigration system During 2008/9 the UK immigration system was changed to…
Posted on 12th January, 2010
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