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02 March 2009
Categories: Legal News , Tax , Commercial
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Legislation round-up

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CHART
In force Legislation Summary
23 Feb 2009 Stamp Duty and Stamp Duty Reserve Tax (Investment Exchanges and Clearing Houses) Regulations (No 2) 2009 (SI 2009/194)
Exempt from stamp duty and stamp duty reserve tax certain transfers of, or agreements to transfer traded securities made in the course of trading in those securities on the SmartPool Multilateral Trading Facility. The transfers and agreements exempted are those involving European Central Counterparty Limited (EuroCCP) , through whom transactions on the facility are cleared, or clearing participants in EuroCCP. Ensure that multiple charges to stamp duty or stamp duty reserve tax will not arise when shares are transferred between non clearing and clearing members of EuroCCP or when passing through EuroCCP itself.
2 Mar 2009 Occupational and Personal Pension Schemes (Levy Ceiling—Earnings Percentage Increase) Order 2009 (SI 2009/200)
Specifies the percentage by which it appears to the secretary of state that the general level of earnings in Great Britain has increased during the period from 1 August 2007 to 31 July 2008 for

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MOVERS & SHAKERS

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Haynes Boone—Jeremy Cross

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Firm strengthens global fund finance practice with London partner hire.

DWF—Stephen Webb

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Partner and head of national planning team appointed

mfg Solicitors—Nick Little

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Corporate team expands in Birmingham with partner hire

NEWS
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NLJ this week: When post-breach events rewrite damages claims
Contract damages are usually assessed at the date of breach—but not always. Writing in NLJ this week, Ian Gascoigne, knowledge lawyer at LexisNexis, examines the growing body of cases where courts have allowed later events to reshape compensation
NLJ this week: Supreme Court redraws unfair prejudice rules
The Supreme Court has restored ‘doctrinal coherence’ to unfair prejudice litigation, writes Natalie Quinlivan, partner at Fieldfisher LLP, in this week' NLJ
NLJ this week: ‘Joe Donor’ ruling exposes dangers of unregulated conception
The High Court’s refusal to recognise a prolific sperm donor as a child’s legal parent has highlighted the risks of informal conception arrangements, according to Liam Hurren, associate at Kingsley Napley, in NLJ this week
NLJ this week: CILEX warns Mazur ruling must spark reform
The Court of Appeal’s decision in Mazur may have settled questions around litigation supervision, but the profession should not simply ‘move on’, argues Jennifer Coupland, CEO of CILEX, in this week's NLJ
NLJ this week: Conditional job offers carry hidden risks for employers
A simple phrase like ‘subject to references’ may not protect employers as much as they think. Writing in NLJ this week, Ian Smith, barrister and emeritus professor of employment law at UEA, analyses recent employment cases showing how conditional job offers can still create binding contracts
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