• Retrospective Change of Law Announced for UK Debt Buybacks
  • March 7, 2012 | Author: Adam Ferguson Blakemore
  • Law Firm: Cadwalader, Wickersham & Taft LLP - London Office
  • In a Written Ministerial Statement (the “Ministerial Statement”), delivered on 27 February 2012, the UK Government has announced measures to counteract two tax avoidance schemes entered into by a UK bank (the “Bank”), the UK Bank being a signatory to the Code of Practice on Taxation for Banks.