Publication
Keeping your dawn raid guidance current
Unannounced inspections or ‘dawn raids’ are used by antitrust authorities to obtain evidence when there are suspicions that individuals or businesses have infringed the antitrust rules.
United Kingdom | Publication | September 2023
On September 11, 2023, the PPF published its consultation on the 2024/25 levy rules. Owing to the PPF’s “very strong financial position”, the consultation reveals reduction of around 50 per cent from the 2023/24 year to £100m of the levy estimate in 2024/25.
The levy that the PPF aims to collect has been reduced by almost 85 per cent since 2020/21. The PPF’s intention is to maintain collection of an annual levy of around £100m in the longer term due to restrictions imposed by legislation to protect levy payers from sharp future increases. The consultation closes at 5pm on October 30, 2023.
Former pensions Secretary, Sir Steve Webb, has called for a change in the law to give the PPF greater flexibility. This would allow it to reduce the levy at a time when PPF funding is in healthy shape but with the reassurance that the levy could be raised if the situation deteriorated.
Publication
Unannounced inspections or ‘dawn raids’ are used by antitrust authorities to obtain evidence when there are suspicions that individuals or businesses have infringed the antitrust rules.
Publication
The EU Foreign Subsidies Regulation, or FSR, is intended to prevent or remedy distortions of the EU internal market caused by “foreign” – meaning non-EU – subsidies benefitting companies active in the EU.
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The English High Court has given its judgment in the legal battle between FW Aviation (FWA) and VietJet Aviation Joint Stock Company (VietJet). This case revolved around the enforcement of leasing agreements for four Airbus aircraft and the alleged interference by VietJet in the aircraft’s repossession in Vietnam.
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