Takeover Panel issues consultation on removal of residency requirement from the code *

United Kingdom - July 12 2012
The Code Committee of the Takeover Panel (the Panel) has issued a consultation paper proposing amendments to the jurisdiction test that determines whether a company is subject to the Takeover Code (the Code)

Co-authors: Victoria MacLeod.

New code of conduct for members of the European Parliament – UK Bribery Act *

European Union, United Kingdom - April 30 2012
In order to safeguard the legislative process from impropriety and to uphold good governance, a new Code of Conduct for Members of the European Parliament (MEPs) entered into force in 2012, and a transparency register for “lobbyists” was recently adopted. 

Co-authors: David Henry.

Enactment of HMRC’s Extra-Statutory Concession C16 *

United Kingdom - February 13 2012
HM Revenue & Customs (HMRC) has limited discretion to make concessions in relation to statutory tax provisions. 

Co-authors: David de la Marck, James Ross.

Good faith in England *

United Kingdom - June 30 2011
Parties entering into transactions in varied jurisdictions frequently include a contractual provision under which they agree to act in good faith towards one another.  The recent High Court decision by Vos J in CPC Group Limited v.