Legislation: top 3 developments

In this video, James Martin and Kirsty Thomson, Banking partners, discuss key legislative developments in the banking market during the first half of 2018. BEPS and the Multilateral Instrument with its implications for withholding tax, draft UK regulations banning contractual prohibitions on assignment of receivables, and a draft UK bill requiring the establishment of a register of beneficial owners of companies registered in UK overseas territories are all topical issues. We outline their significance for the banking market.