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The following International Trade news provides comprehensive and up to date legal information on International Trade weekly highlights—15 May 2025
An introduction to the basic principles of tradeStructure of the WTO agreementsThe Marrakesh Agreement Establishing the World Trade Organization...
This week's edition of International Trade weekly highlights includes the WTO announcing that the 12th Ministerial Conference will be hosted on 12—15...
This week's edition of International Trade weekly highlights includes the WTO announcing that the chair of the fisheries subsidies negotiations,...
International Trade analysis: The House of Lords International Agreements Committee (IAC) has welcomed the government’s undertaking to increase...
Scotland—the process for applying for sequestrationSequestration in Scotland is the legal process by which an insolvent debtor’s estate is gathered in, realised and then distributed among their creditors by a trustee appointed for that purpose. The process requires that a formal award of
Financial clean break orders in family proceedingsDuty of the court to consider a clean breakAlthough there is no presumption in favour of there being a financial clean break between parties on divorce, the court is under a duty to consider whether it would be appropriate to exercise its powers so
Early leavers—preservationFORTHCOMING DEVELOPMENT: Section 10 of the Finance Act 2022 will increase the normal minimum pension age (NMPA) from 55 to 57 on 6 April 2028 (save for members of the firefighters, police and armed forces public service pension schemes).The Finance Act 2022 will also give
Late payment penalties—inheritance taxWhile interest often accrues on overdue tax, the late payment of certain taxes may also attract a penalty. For information on the interest accruing on overdue tax, see Practice Notes: IHT—payment deadlines on death—Interest on IHT and Interest on late paid
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