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Government Regulation

07/01/2022

The FCA issues a warning to lenders on treating borrowers fairly in a changing landscape

The purpose of the letter is to remind lenders that they should provide support to struggling borrowers which is tailored to their specific circumstances and only charge them fees which are fair and that cover the firm’s costs.

07/01/2022

Global Brands – common law foreign recognition regime is alive and well, with a new COMI test introduced

The new approach for assessing whether a foreign insolvency proceeding should be recognised

07/01/2022

Quincecare duty claim fails as fraud was not proven

However the Court gave guidance on the duty’s scope, including that a Bank must be on notice of the specific fraud committed at the time of the payment.

07/01/2022

New regulations solve cross-border hybrid hearing issues

As a result, fully remote hearings could be live streamed with the permission of the court. However, these provisions did not apply to hybrid hearings.

07/01/2022

Whose ‘best interests’ are really at heart in the UK Court of Protection?

With this approach there is far more room for discourse and nuance.

07/01/2022

Shoosmiths part of coalition launching new plans for town centre revival

The coalition includes the British Property Federation, charitable trust Power to Change, local government network, New Local, Radix and members of the High Street Taskforce.

07/01/2022

The Bill of Rights: A new era for human rights and employment law?

The European Convention on Human Rights is an internationally binding treaty, which sets out minimum international standards for the protection of human rights.

06/30/2022

Charities warned to expect extra scrutiny from the public during the UK cost-of-living crisis

As a result, the financial management of charities is likely to be the subject of intensified public and media attention as society faces “one of the toughest economic climates in a generation”.

06/30/2022

Singapore releases guidelines for first sovereign green bond issuance

Profits from the green bonds issued under the guidelines will be used to fund expenditures to support the Singapore’s green plan 2030.

06/30/2022

Ministers unveil reforms to UK’s anti-money laundering regulations

Pencheva said: “This requirement is a quasi-‘change in control’ process for cryptoasset firms."

06/30/2022

New UK data mining copyright exception ‘welcome news’ for AI developers

The government also confirmed that there were no planned changes to UK patent law for AI-devised inventions.

06/30/2022

New heat network zoning proposals ‘key’ to reaching UK’s net zero goals

Using large-scale renewable and recovered heat sources in this way - such as waste heat from industry and heat from rivers and mines - could help reduce reliance on fossil fuel-based methods of heating.

06/29/2022

Simplification of UKCA product marking process ‘cautiously welcomed’

The new mark covers most goods which previously required the ‘CE’ marking and reverse epsilon markings that are applied to products in the European Union.

06/29/2022

UK Building Safety Act’s impact on defective premises claim limitation periods

The reform, one of the most controversial aspects of the BSA, will require businesses in the construction industry to review their positions under the new regime.

06/29/2022

Implementation of the EU Directive on Transparent and Predictable Working Conditions

Employers should plan to review their template contracts of employment to ensure consistency with the Directive.

06/29/2022

Harneys advises on the BVI FSC’s second successful admission to the Regulatory Sandbox

Structure.fi is opening the product to a growing number of participants; obtaining real time feedback from users in order to bring a product to market that fulfils their commitment to create a platform that works for the broadest range of potential invest

06/28/2022

The Bill of Rights Bill: an overview

The Bill confers no new rights.

06/28/2022

Report provides insight into first three months of UK’s new national security and investment regime

Under the 2021 National Security and Investment Act (NSIA), businesses and investors must notify the government of certain ‘notifiable acquisitions’ that relate to 17 sensitive areas of the economy.

06/28/2022

Duty to preserve documents in litigation and arbitration in Singapore and Hong Kong

Parties and their lawyers should therefore consider a document management system long before any disputes are in contemplation.

06/28/2022

Caution: A Discloseable Transaction for Acquiring a Greenfield Project Was Ruled a Reverse Takeover by HKEX

Target had signed relevant contracts but yet to commence operations.

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