Publication
What M&A trends will transform the 2024 insurance landscape?
It is widely accepted that 2023 was one of the worst years in recent memory for M&A activity.
Global | Publication | November 2018
Since 1st April 2018, a commercial or domestic property that does not achieve an Energy Efficiency Certificate (EPC) rating of E or higher is a “substandard property”. A sub-standard property must not be let until the landlord carries out “relevant” energy efficiency improvements to bring it to the required standard.
There are some exemptions (see our July Focus), one being that improvements to domestic property are only required if they are at “no cost” to the landlord, for example because local authority grants are available.
The government has decided that this exemption has resulted in the regime having “insufficient bite”. It announced on 5th November 2018 that the current regulations (The Energy Efficiency (Private Rented Property) (England and Wales) Regulations 2015) will be amended to:
Once in force, the amended regulations will apply on the grant of a new tenancy to both new and existing tenants. From 2020, they will apply to all privately rented domestic property.
Enforcement is in the hands of the local authority and its powers include the issue of fines (capped at £5,000) and the right to “name and shame”.
The changes are expected to come into force during 2019 “subject to parliamentary time” and, it is estimated, will affect about 200,000 landlords.
Publication
It is widely accepted that 2023 was one of the worst years in recent memory for M&A activity.
Publication
The ongoing conflicts and further geopolitical tensions in Eastern Europe and the Middle East, coupled with upcoming elections in a number of key countries including the US and the UK, make 2024 challenging to predict what impact this will have on the insurance sector.
Publication
On 6 September 2022, the European Commission (EC) prohibited Illumina’s acquisition of Grail, bringing to an end the administrative stage of a legal saga that has attracted interest beyond competition law specialists.
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