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British heat networks regulation proposals welcomed

Chang said some key aspects to the regulatory framework were not covered by the consultation, including the approach to carbon emissions limits and step-in and safety limits.

Hong Kong court backs belated serious errors application to set aside enforcement of arbitral award

Hong Kong SAR is a well-known pro-arbitration jurisdiction.

The UK Bribery Act 2010: principles, offences and penalties

The Act is the UK’s main anti-corruption law.

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.

SEC proposes new regulation to address AI conflicts concerns

The SEC simultaneously proposed a similar rule for broker-dealers

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.

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

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.

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.

Round Two: ClientEarth’s second attempt to force Shell Directors to comply with climate change obligations

This application has now also been dismissed

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

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.

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.

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”

UK product safety review likely to precede reform

Both consultations are open to feedback until 24 October 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

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.

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

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.

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.

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