This GT Advisory shares practical guidance on insuring tax risks in the context of M&A transactions, with a particular focus on warranty and indemnity and specific tax risk insurance.
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UK’s OFSI Imposes £160,000 Penalty on Bank of Scotland for Russia Sanctions Violations
On 10 November 2025, the UK’s Office of Financial Sanctions Implementation (OFSI) issued a £160,000 penalty against the Bank of Scotland Plc (Bank of Scotland).
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Navigating The Allocation of Plan Benefits and Stakeholder Contributions in UK Part 26A Restructuring Plans
In the UK, some commentators sounded the death knell to the restructuring plan, suggesting that the process would become overly challenging and complex post Adler, Petrofac and Thames Water, highlighting the current landscape as an inflection point that may take restructuring plans out of the reach of companies that would benefit from them the most.
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UK Employment Rights Act 2025: Key Reforms, Timeline, and Practical Considerations for Employers
The UK’s Employment Rights Act 2025 (ERA), which received Royal Assent on 18 December 2025, introduces wide-ranging reforms to UK employment law.
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Non-Bank Lending in the Spotlight – Does the System of Calculating Regulatory Capital Require Revisiting?
In October’s GT Alert on non-bank lending, we focussed on whether there was a justification in banks being subject to regulatory capital requirements when non-bank
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Non-Bank Lending in the Spotlight: Regulatory Capital and Its Impact
In the GT Alert we produced in September, we commented on the inquiry the Financial Services Regulation Committee (the Committee) of the House of Lords commenced on non-bank financial institutions (NBFIs).
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Wage Transparency Legislation: Implementation Across Europe and the United States
Wage transparency laws are becoming increasingly common in the United States and Europe.
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Talent Wars: How Competition Laws Apply to UK Recruitment
Businesses and HR professionals unfamiliar with competition law may assume that it only prohibits collusion when it comes to customer pricing.
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UK OFSI Enforcement Underscores Need for Effective Sanctions Screening and Controls
On 8 September 2025, the UK’s Office of Financial Sanction Implementation (OFSI) published a Disclosure concerning breaches of Regulations 11 and 12 of the Counter-Terrorism (Sanctions) (EU Exit) Regulations 2019 (Regulations) by UK-registered and Financial Conduct Authority-regulated Vanquis Bank Limited (VBL). This instance offers another example of OFSI’s emphasis on encouraging organisations to establish effective, robust, and appropriate compliance procedures, systems, and controls to mitigate the risk of violations.
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Non-Bank Lending in the Spotlight: UK House of Lords Inquiry into Systemic Risks and Market Stability
In July 2025, the House of Lords’ Financial Services Regulation Committee launched an inquiry into the expansion of non-bank lending in the UK. The investigation explores whether stricter bank regulations since the global financial crisis have limited traditional bank lending, prompting non-bank financial institutions to fill the gap—and considers the impact on the nation’s financial stability.
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