ANALYSIS: Proposed changes to the rules for granting occasional licences in Scotland should be viewed in the context of the alcohol licensing regime as a whole.
Fingerprint case highlights importance of biometric policies and consent
ANALYSIS: An unfair dismissal case has highlighted the need for companies to update policies and procedures and to obtain full consent before using biometric data in the workplace.
Tax scheme SPVs were not UK resident, says Upper Tribunal
Three special purpose vehicles (SPVs) incorporated in Jersey as part of a tax planning arrangement were not tax resident in the UK for tax purposes, the UK’s Upper Tribunal (UT) has decided, overturning a previous First-tier Tribunal (FTT) decision.
Report flags GDPR’s impact on data breach notification
Organisations operating in the UK are reporting data breaches in greater number than in many other parts of the EU, according to international law firm Pinsent Masons.
CMA produces new requirements on investment consultants and pension trustees
The UK’s Competition and Markets Authority (CMA) has completed its changes to the investment consultancy and fiduciary management sectors with new rules covering the appointment of service providers by pension scheme trustees, and information provided to them.
Consumers ready for AI in financial services
Consumers are more willing to embrace the use of artificial intelligence (AI) in financial services than the results of a new UK government study would suggest, a specialist in fintech law has said.
FCA overhaul of overdraft rules likely to lead to extra costs, expert says
The UK’s Financial Conduct Authority (FCA) has announced an overhaul of rules governing overdrafts on current accounts offered by banks and building societies with the aim of making them simpler and fairer.
China’s massive military spending is creating a ripple effect across the Asia-Pacific region
The Asia-Pacific region is one of the fastest-growing markets for arms dealers, with economic growth, territorial disputes and long-sought military modernisation propelling a 52 per cent increase in defence spending over the last decade to US$392 billion in 2018, according to the Stockholm International Peace Research Institute.The region accounts for more than one-fifth of the global defence budget and is expected to grow. That was underscored last week by news of Taiwan’s bid to strike a US$2…
Pension code of practice updated as industry cracks down on scammers
The industry code designed to support pensions trustees and providers in tackling pensions scams has been updated for a second time in a year to reflect the latest regulatory developments, such as a ban on cold calling.
Vietnam cracking down on Chinese goods falsely labelled and shipped to US to avoid tariffs
Vietnam said it will impose higher penalties on Chinese goods transferred to the country and illegally relabelled as being “made in Vietnam” for export to the US to avoid tariffs.The customs department has detected dozens of fraudulent certificates of product origin and illegal transfers of goods ranging from agriculture and textile to steel and aluminium, the Vietnamese government said on its website on Sunday.Vietnam’s exports to the US have surged this year at the same time that China’s…