08/18/2023
German law to promote mass action precedents passes government hurdle
The BMJ said the new law comes amidst a sharp increase in the number of mass action cases being filed in Germany.
Government Regulation
08/18/2023
SEC proposes new regulation to address AI conflicts concerns
The SEC simultaneously proposed a similar rule for broker-dealers
08/17/2023
ESMA Statement on Expected Sustainability Disclosures in Prospectuses
The Statement further clarifies that the prospectus should provide the basis for any statements concerning the sustainability profile of the issuer or of the securities issued.
08/17/2023
UK sustainability disclosure standards expected by July 2024
The transition plan disclosures guidance will be informed by the output from the work of the UK Transition Plan Taskforce
08/17/2023
UK building safety regulators ‘unafraid’ to use new enforcement powers
The statement warned building owners that they must undertake remediation work or face enforcement action.
08/17/2023
Federal Labour Court: Equal pay - Follow-up: Published grounds of judgment
Employers should document objective circumstances indicating that the work is not at least of equal value before entering into a contract.
08/17/2023
Round Two: ClientEarth’s second attempt to force Shell Directors to comply with climate change obligations
This application has now also been dismissed
08/17/2023
Progress on implementation of the Irish ELTIF 2.0 offering
Irish Funds has confirmed that the Central Bank proposes to create a standalone ELTIF chapter of the AIF Rulebook
08/16/2023
Key takeaways from draft data regulation issued by China’s CB
PBOC issues the draft Regulation on Data Security Management for PBOC Business Areas for public consultation until 24 August 2023.
08/16/2023
New UK securitisation framework demonstrates new approach to rulemaking
The creation of a new UK securitisation regulatory regime under the FSMA model means that the bulk of the firm-facing provisions will sit within PRA and FCA rules, alongside the new UK Securitisation Regulation.
08/16/2023
Procurement standstill letter feedback set to increase under new draft regulations
The draft regulations propose that contracting authorities should be required to provide each bidder who has submitted a tender with an assessment summary that contains “detailed reasons”
08/16/2023
UK product safety review likely to precede reform
Both consultations are open to feedback until 24 October 2023.
08/15/2023
Overview of the New Cayman Islands Restructuring Officer Regime
With the benefit of the breathing space under the new regime, it allows corporate entities to promote and implement a restructuring
08/15/2023
Migration of foreign limited partnerships into Jersey
The Regulations permit a foreign limited partnership to continue in Jersey as a limited partnership under the Limited Partnerships (Jersey) Law 1994, provided certain conditions are met.
08/15/2023
Trustees and other fiduciaries – consideration of Guernsey's lending, credit and finance law
As a reminder, the purpose of the LCF Law is to regulate consumer credit and finance business
08/15/2023
South Africa’s energy ‘one-stop shop’ to tackle its energy crisis
These plans include speeding up the release of regulatory approvals and permits that energy developers are required to obtain prior to commencing with the development of an energy project.
08/14/2023
Tribunal finds unallowable purpose rule is expansive in its prevention of tax avoidance
The structure adopted by JGI involved substantial debt interest arising in JTI UK.
08/14/2023
India Airport INFRA (formerly Cliffton Limited) Offers To Purchase Its Outstanding 6.25% Senior Secured Notes Due 2025
DIAL holds a solid market position as the developer and operator of India’s largest and busiest airport which is Indira Gandhi International Airport (Airport) in New Delhi, India, according to the Airports Authority of India.
08/14/2023
Athletics Integrity Unit’s work vital as World Championships loom
Its work, together with the work of national anti-doping agencies, helps to ensure that athletes who seek to gain an advantage through doping are detected.
08/14/2023
Project Financing a Power Project in Tanzania
Power projects in Tanzania typically secure funding through a combination of debt and equity,