My term as your President has nearly elapsed and this is the moment to review what we have achieved together for INSOL Europe in the last twelve months, and what should be achieved in the future.

The initial version of Article 84(1) of the EIR 2015 (recast) covered only insolvency proceedings opened after 26 June 2017, while Article 84(2) stated that “Regulation (EC) No 1346/2000 shall continue to apply to insolvency proceedings which fall within the scope of that Regulation and which have been opened before 26 June 2017”.

The Banking and finance disputes review has always aimed to predict the trends of the future as well as commenting on the latest court decisions and legal developments. In this edition, New trends in banking litigation uses our awardwinning Court Intelligence Database to give insights into how banking litigation is conducted in the English courts and – as the title suggests – what new trends are emerging.

VAT on pension costs – HMRC confirms it’s “as you were” and reverts to allowing 70/30 split for DB schemes’ expenses Of interest to DB schemes is HMRC’s change of heart and allowing a reprieve for the “70/30 split” relating to VAT charged on investment management and administration services to funded pension schemes. In past updates, we have reported on HMRC’s proposed changes in approach to treatment of VAT on employer’s DB scheme costs, following various judgments in European tax cases.

On October 26, 2017 the European Parliament voted on and approved the new Securitisation Regulation (SR) and Securitisation Prudential Regulation (SPR). Six things you need to know:

• The SR introduces long awaited rules for issuing simple, transparent and standardised (STS) securitisations.
• The SPR sets out the framework under which banks and investment firms might benefit from favourable capital treatment for STS securitisations.
• While the final texts follow broadly what was agreed politically in June 2017, there is a new carve-out to the proposed ban on securitisa

From May 25, 2018, the requirements of the GDPR will apply to corporate entities and individuals that control or process personal data, including trustees of pension schemes. The GDPR will impose obligations that are more onerous than those under current legislation, and failure to comply could result in significant fines or other sanctions. A wide range of parties is involved in providing benefits through a pension scheme and preparation for compliance with the GDPR will require advance planning and implementation.

Welcome to the seventh edition of Global asset management quarterly. This publication highlights key developments that will be of interest to and affect our asset management clients, including market trends and developments in tax and buy-side regulation globally. Click here for more..

The issue related to harmonisation of law could be illustrated by referring to the following quote from the famous French geographer Daniel Faucher: “Europe is too big to be united. But too small to be divided.

Welcome to issue 9 of Norton Rose Fulbright’s International arbitration report. In this issue, we feature the exciting topic of innovation and disruption in international arbitration. We review the procedural and technological advances that are, or soon will be, changing international arbitration and dispute resolution more generally. Our lawyers track the global trends, risks and opportunities in this changing landscape. In our jargon-busting guide, we outline the most-hyped legal technologies such as Artificial Intelligence, Blockchain Technology and Smart Contracts.

On 12 September 2017, the European Union (Withdrawal) Bill 2017 – 2019 (the “Bill”) passed its second reading in the House of Commons. The Bill (i) overturns the 1972 European Communities Act, which took the UK into the European Economic Community, and (ii) converts all existing EU law into UK law (subject to any requisite amendments to be made by the Government to enable this transition). The aim of the Bill is to ensure that, on 29 March 2019 when the UK leaves the EU, there are no gaps in legislation.