Publication
UK Carbon Border Adjustment Mechanism: how will it work?
In February, we reported on the Department of Energy Security and Net Zero’s confirmation that a UK Carbon Border Adjustment Mechanism (CBAM) would be bought into force by 2027
Canada | Publication | January 2020
Canada is a top destination for foreign companies and investors attracted to our wealth of natural resources, stable and sound political and financial systems, and world-class infrastructure. While Canada is an open economy and welcoming of foreign investment, there are issues that corporations and investors should keep in mind when doing business in Canada, such as our two legal systems (civil and common law) and the division of legislative authority between the federal and provincial/territorial governments.
Canada is a federal state with 10 provinces and three territories, each with its own government. The Constitution Act, 1867 divides legislative authority between the federal and provincial governments.
The federal government has exclusive jurisdiction over national matters such as regulating interprovincial and international trade and commerce, bankruptcy and insolvency, foreign affairs and criminal law. The federal government also has jurisdiction over the territories; however, the territorial governments do have authority over a number of local government programs.
The provincial governments have legislative power in areas such as property and civil rights in the province, education, and all matters of a local or private nature.
All provinces and territories in Canada are common law jurisdictions with the exception of Quebec, which is a civil law jurisdiction. Courts in the common law jurisdictions apply a combination of statute and common law, whereas courts in Quebec apply the Civil Code as well as federal and provincial statutes.
Publication
In February, we reported on the Department of Energy Security and Net Zero’s confirmation that a UK Carbon Border Adjustment Mechanism (CBAM) would be bought into force by 2027
Publication
Last November the Financial Conduct Authority (FCA) published Policy Statement 23/16 (PS23/16) containing final rules and guidance on sustainability disclosure requirements (SDR) and investment labels (UK SDR regime).
Publication
International financial markets have started to show significant interest in nature and biodiversity. Whilst climate change and greenhouse gas emissions have made the headlines in recent years, there has been much less focus on their equally important counterparts, nature and biodiversity. However, that has started to change.
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