The impact of the COVID-19 pandemic continues to be felt across the global business community.
In the recent decision in Mundy v TUI [2023] EWHC 385 (CH), the High Court considered how a rejected offer to settle liability on a 90%/10% basis ("90/10 offers") fitted with the provisions of CPR 36.17.
In its Annual Business Plan for 2023/24, the second of its three-year strategic plan, the Financial Conduct Authority ("FCA") – among other things - continues its drive to become a more assertive regulator, and to strengthen its enforcement strategy, with investment in people, data, and technology. This includes a significant increase in headcount in its Enforcement and Market Oversight Division ("Enforcement Division") intended to build capacity and resilience in its case and investigation teams, and to enable it to act faster against firms causing harm to consumers and/or markets.
This article was first published by the FT's Pensions Expert.
Welcome to our Spring Update setting out our thoughts on some of the latest developments in the field of employee incentives and remuneration. Do reach out to a member of the team if you need help navigating these changes.
The Competition and Markets Authority (CMA) has published an open letter to online B2C businesses, highlighting certain practices that may mislead consumers. The focus is on claims relating to the need to act urgently and price reductions.
We are increasingly seeing requests from borrowers to carve-out assets from the scope of a lender's otherwise all asset English security package. Whilst there may be commercially sensible reasons for this request, lenders should be aware of the potential impact on their enforcement rights before agreeing to this.
The European Supervisory Authorities (ESAs) have published a Joint Consultation Paper on proposed amendments to the Sustainable Finance Disclosure Regulation Delegated Regulation Regulatory Technical Standards (SFDR RTS). The Consultation Paper focuses on the principal adverse impact (PAI) indicators, financial product disclosures, as well as addressing some technical issues.
The Pensions Regulator (the Regulator) has recently published a review of the industry's first wave of pension scheme climate change disclosure reports, revealing some interesting examples of good practice as well as potential areas for improvement in the industry.
The Court of Appeal has recently considered the Henderson abuse principle, which precludes a party from raising in subsequent proceedings matters which were not but could and should have been raised in earlier ones.
In the recent case of Norton and another v HMRC [2023] UT/2021/000057, the Upper Tribunal had to consider whether a discovery assessment issued before the end of the normal enquiry window was valid.
In our latest Tax. Simplified. podcast episode, Head of Incentives and Remuneration, Mahesh Varia, and Knowledge Counsel, Kulsoom Hadi, discuss two recent cases involving intermediaries linked to Gary Lineker and Eamonn Holmes and consider what this might mean for other workers providing their services in this way and their clients.
The secondaries market has evolved rapidly in recent years and continues to grow and diversify, providing private market investors with a wide range of liquidity options.
The UK government has published its 2023 Green Finance Strategy (Strategy) which sets out its proposals for mobilising green finance and investment in the UK. This supports the UK commitment at COP26 to become the world's first Net Zero-aligned Financial Centre.
Although pricing will often loom large in negotiations, provisions setting out the mechanics of the payment process and related terms don't always get the attention they deserve – which can lead to problems once the contract is being performed. In this briefing, we look at some key issues that suppliers and customers need to watch out for.
ClientEarth v Shell plc
In this week's issue of Alternative Insights, we are looking at the impact of the EU's new foreign subsidies regulation on private equity deals.
In line with its public commitment to promote environmental sustainability and help accelerate the transition to a net zero economy, the Competition and Markets Authority ("CMA") has recently published its draft guidance on the application of the Chapter 1 prohibition to environmental sustainability agreements ("Guidance"). If implemented, the Guidance will provide business with greater comfort in assessing the legality and risk profile of their environmentally focussed agreements – at least in the UK.