The aftermath of the COVID-19 pandemic, the ongoing Russia/Ukraine conflict, and rising inflation and interest rates have exacerbated a slowdown in the world economy. Many borrowers have availed themselves of low-cost debt in the decade since the financial crisis, and some may encounter challenges in servicing or refinancing this debt in a harsher economic climate.
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Watch our short video on W&I insurance trends below.
On 19 July HM Treasury issued a report on the outcome of the UK Secondary Capital Raising Review (the "Review").
The UK Government has published its much anticipated Financial Services and Markets Bill (the Bill), previously touted by the former Chancellor as "Big Bang 2.0". The Bill as introduced may or may not be that, but it certainly includes a large number of substantial measures that will effect a major overhaul of the UK's regulatory framework for financial services.
Since the Supreme Court's rulings in Vedanta Resources Plc v Lungowe  UKSC 20 ("Vedanta") and HRH Emere Okpabi v Royal Dutch Shell  UKSC 3 ("Okpabi"), much has been written about the potential impact these decisions may have on UK-domiciled businesses with foreign operations and, in particular, how they will assist claimants who wish to initiate large-scale group litigation.
In AIC Ltd v Federal Airports Authority of Nigeria  UKSC 16 the Supreme Court has re-stated the principles to be applied when a judge is asked to revisit a judgment or final order before it has been sealed by the Court, where there has been a change in relevant circumstances in the meantime.
Spotlight on ESG video series - Episode 3: Climate change governance and reporting standards for pension schemes
Welcome to the third episode in our Spotlight on ESG video series.
Travelling. Seamlessly. podcast series
10 frequently-asked-questions about the Economic Crime (Transparency and Enforcement) Act 2022 and the Register of Overseas Entities
Since the Government introduced the Economic Crime (Transparency and Enforcement) Act 2022 (the "Act") in March this year, there has been uncertainty as to how overseas entities (or those who deal with them) should prepare for the introduction of the new Overseas Entities Register (the "Register"). Some of those questions have now been answered, as we explain below.
On 25 May 2022 the Supreme Court handed down its judgment in Pfizer and Flynn v CMA  UKSC 14, reinstating the Competition Appeal Tribunal's ("CAT's") decision to award Pfizer and Flynn costs arising from their successful appeal against the decision by the Competition and Markets Authority ("CMA") which found that Pfizer and Flynn had abused their dominant position in relation to the supply of epilepsy medication.
On 25 July 2022, Commission Delegated Regulation (EU) 2022/1288, consisting of the Regulatory Technical Standards (RTS) under the EU Sustainable Finance Disclosure Regulation (SFDR), was published in the Official Journal.
The High Court has ruled that the UK Government's Net Zero Strategy breaches its obligations under the Climate Change Act 2008. The ruling took place on 18 July 2022, following a case brought by Friends of the Earth and ClientEarth (inter alia), who alleged that the Government failed to produce detailed climate policies to show how the UK’s legally binding carbon budgets will be met, in line with its obligations under the Climate Change Act.
A regular briefing for the alternative asset management industry.
This briefing was updated on 22 July 2022
20 July is 'L-day' – the day on which the government publishes the first draft of legislation to be included in the finance bill 2022-23.