By Clive Jones on Posted in Real Estate,TaxOn Nov. 22, UK Chancellor Phillip Hammond announced dramatic changes to the UK real estate market in the 2017 Budget. The Government has announced an intention to extend the scope of UK tax so that disposals of all UK commercial and residential property by non-resident companies, JPUTs, individuals, and other persons are subject to UK… Continue Reading
By Gillian Sproul and Addiped Cheng on Posted in Government,InvestmentsWithin the last few weeks, both the EU and the UK have published proposals for greater screening and control of foreign direct investments (FDI) into their territories. In both cases, these proposals seek to balance the protection of critical national infrastructure and technology on the one hand and an open foreign investment environment on the… Continue Reading
By Lisa Navarro and Marie-José van der Heijden on Posted in Compliance Programs,CorporateOn 8 November 2016, the French Parliament approved new anti-corruption legislation. Championed by the Minister of Finance Michel Sapin, the law that is commonly known as Sapin II will fundamentally change the compliance landscape for French companies. In particular, it will place a positive obligation on large companies, and their subsidiaries, to implement anti-corruption compliance… Continue Reading
By Lisa Navarro, Martha A. Sabol, Mark A. Clayton and Lorne S. Cantor on Posted in GamingThe UK’s Competition and Markets Authority (CMA) has recently launched an investigation into the treatment of customers by online gambling companies. This is in response to concerns raised by the Gambling Commission that certain aspects of behaviour by online gambling companies, including misleading promotions, unfair terms, and the blocking of payouts might be breaching consumer… Continue Reading
By Lisa Navarro, Kate Eades, Martha A. Sabol, Mark A. Clayton and Lorne S. Cantor on Posted in Brexit,Gaming,M&AThis note addresses the impact of Brexit on the gaming industry. It is one of a series of GTM Alerts designed to assist businesses in identifying the legal issues to consider and address in response to the UK’s referendum vote of 23 June 2016 to withdraw from the European Union. In particular, it considers the… Continue Reading
By Françoise Gilbert on Posted in Cybersecurity,Data PrivacyThe 261-page final draft of the EU General Data Protection Regulation (GDPR), which replaces Directive 95/46/EC (Directive), was formally approved by the EU Parliament on April 14, 2016. The document is expected to be published in the Official Journal of the European Union (EU) in June, and to enter into force 20 days thereafter. The… Continue Reading
By Charles O. George on Posted in CorporateIn the recent case of Eclairs Group Limited & another v. JKX Oil & Gas Plc [2015] UKSC 71, the Supreme Court considered the duty of directors to exercise powers “only for the purposes for which they are conferred” (s171 of the Companies Act 2006 (CA 2006)). Facts Eclairs and Glengary were shareholders in JKX… Continue Reading
By Kate Eades on Posted in General,Pro BonoWritten by Chantal Phillips GTM is a lead sponsor of Cathedral Group’s ‘A Dolls’ House’ project whereby 20 of the world’s leading architects and designers will present their vision of a dolls’ house at a live auction to be held at Bonham’s on 11 November, with all proceeds of the auction going to KIDS charity.… Continue Reading
