News

The Wates Corporate Governance Principles for Large Private Companies have been launched by the FRC, and reporting against them will take effect on 1 January 2019.

An international standard has been issued by the FRC on auditing accounting estimates and related disclosures which covers the audit of expected credit losses in banks and reflects the increased importance and complexity of estimates in financial statements.

Two practice notes have been withdrawn by the FRC with immediate effect from 11 December 2018.

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Ellie MacKenzie summarises recent developments in IP & IT Law. 

Ellie MacKenzie summarises recent developments in Employment and Pensions Law. 

Section 1 of the Defamation Act 2013 had two aims. First, it aimed to raise the test for establishing that a statement is defamatory above the pre-existing common law’s threshold. In order to do so, section 1(1) provides that ‘a statement is not defamatory unless its publication has caused or is likely to cause serious harm to the reputation of the claimant.’ Second, the section aimed to raise the bar to claims still further for commercial claimants. This aim was reflected in section 1(2), which provides that ‘harm to the reputation of a body that trades for profit is not “serious harm” unless it has caused or is likely to cause the body serious financial loss.’ These provisions were justified by the coalition government of the day as necessary reforms designed to give greater prominence to free speech interests within the law of defamation, and to protect ordinary people from being crushed by libel claims brought by big businesses.

Issue 65 of Planning and Administration of Offshore and Onshore Trusts is now live for subscribers to International Tax.

Of the recommendations of the recent Report on Making Tax Digital for VAT: Treating small businesses fairly by the House of Lords Economic Affairs Committee (Finance Bill Sub-Committee), one in particular was aimed at the digitally excluded:

Issue 77 of Irish Conveyancing Precedents is now live for susbcribers to Irish Property Law.