News & Insights Legal Updates

Fairness and flexibility restored - High Court provides clarity on employee leave entitlements

In Mondelez Australia Pty Ltd v Automotive, Food, Metals, Engineering, Printing and Kindred Industries Union [2020] HCA 29, the High Court has overturned...

Consultation on new remuneration rules for investment firms and    CRD V

The rulebook for UK investment firms is being re-written to implement the Investment Firms Prudential Regime (IFPR) in Summer 2021.

Luxembourg strengthens its creditor friendly reputation

Luxembourg has introduced a new type of payment guarantee to its toolkit.

Taxation of employment payments

Taxation of employment payments. Detailing rates and thresholds for taxes in relation to employment payments in effect across all the Australian States...

The European Court of Justice (ECJ) decision invalidating the Privacy Shield

The Ashurst Data team hosted 'Privacy Shield invalidated: Cross border transfers of personal data will become harder and more complex. What you need to...

Benchmark regulation: Commission proposes (i) mandatory replacements for discontinued IBOR rates and (ii) exemption for non-EU FX rates

In this article we look at the European Commission's published proposal to amend the EU Benchmark Regulation to give the Commission powers to mandate the...

European Commission proposals pave way for better regulation of NPL and synthetic securitisations

In this briefing the Ashurst securitisation team looks at legislative changes proposed by the European Commission as part of a wider package of measures...

Interpretation of contracts under English law

This guide summarises the general approach taken by the English Courts to contractual interpretation. It considers the legal rules and key principles of...

Failing to prepare is preparing to fail - cyber incident response

This article explains the key phases of a cyber incident response from a technical and practical perspective, and summarises the regulatory reporting and...

Major reforms to Australia's foreign investment review framework – exposure draft legislation released

Corporate Update: Foreign Investment - major reforms to Australia's foreign investment review framework – exposure draft legislation released.

Pensions legal update

Now that the UK seems to be tentatively emerging from the lockdown imposed by the COVID-19 pandemic, it is important for trustees and sponsors of pension...

Changes to the Use Classes Order

Draft legislation has been published which makes a number of significant changes to the Town and Country Planning (Use Classes) Order 1987 (UCO)....

A Contractor's entitlement to recover profit lost under one contract as a result of the same counterparty's breach of a related contract: Foreseeability of loss

In Attorney General of the Virgin Islands v Global Water Associates Ltd, the Privy Council held that the damages a contractor could claim for breach of...

UK real estate director banned for seven years after court grants CMA order

The first competition disqualification order to come to trial has resulted in a company director, Michael Martin, being disqualified for seven years.

Cartel damages: Group liability and evidentiary burden in Germany

On 8 July 2020, The German Lower Regional Court of Dortmund ("Court") recently handed down its ruling regarding follow-on damages against a specialist...

€13 billion Apple tax recovery decision quashed

On 15 July 2020, the EU General Court ("GC") handed down its much awaited judgment in the Apple case. It overturned the European Commission's ("Commission")...

Competition Law Newsletter - July 2020

€93 million fine for French double-sided cold meat cartel

The French Competition Authority ("FCA") has fined twelve undertakings involved in a cartel at multiple levels of the ham and cold meats sector.

Schrems II - At A Glance Reaction Register

This At A Glance Reaction Register provides an overview of the guidance and announcements released by data protection supervisory authorities in the European...

Australian Open Banking live, energy next - Consumer Data Right update

Australia's Consumer Data Right ("CDR") regime in the banking sector ("Open Banking") is live as of 1 July 2020. The Australian Government has also formally...