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Government Regulation

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,

08/14/2023

Bermuda launches consultation to consider introduction of OECD's Pillar Two Framework

As part of an initial public consultation period, the Government has issued a public consultation paper to get public feedback on its current considerations in response to the OECD Pillar Two initiative, based on all of the advice received to date.

08/14/2023

Japan and Middle East sign hydrogen cooperation agreements

The two countries intend to work together on mineral resources supply chains and attracting more participants on the plan.

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