The Partners of CMS UK, Nabarro and Olswang have overwhelmingly voted in favour of a proposal to combine their firms and create a new City powerhouse that will become the world’s sixth largest law firm by lawyer headcount and sixth largest in the UK by revenue...
This month, the Government launched a consultation on prohibiting betting on the outcome of non-UK versions of the EuroMillions, citing fears that the lines between the National Lottery and betting are becoming blurred, leading to confusion amongst customers and a potential threat to funds raised for good causes.
On Wednesday the Government issued the draft statutory instrument it proposes to bring in reform of the horserace betting levy. This is ostensibly to extend the levy to remote gambling operators situated outside Great Britain but they have, as anticipated, taken the opportunity (and on what we see as a questionable legal basis) to make some significant alterations to the general levy structure.
On 1 March 2017 the Advertising Standards Authority ("ASA") upheld a complaint against LeoVegas Gaming Ltd on the basis that one of its advertorials – which promoted a registration bonus offer – suggested that participants would win a cash prize and was therefore misleading and in breach of the CAP Code.
A new regime for provision of regulatory references comes into force today, which primarily affects regulated businesses caught by the Senior Managers' Regime and the Senior Managers Insurance Regime (that is, banks, building societies, credit unions and PRA-designated investment firms, branches of foreign banks as well as large insurance and reinsurance firms).