Publication
Blue Bonds: Making a splash in the Capital Markets
In 2018, the Republic of Seychelles launched the first-ever “blue bond”, with the support of the World Bank Group and the Global Environment Facility.
Chancellor postpones second phase of Pensions Review “indefinitely”
United Kingdom | Publication | January 2025
One of Labour’s election manifesto pledges was a detailed Pensions Investment Review, the second phase of which appears to have been postponed “indefinitely”. The interim report of the first phase of the review was published on November 14, 2024.
The interim report set out trends in UK pension fund investment with comparisons to selected countries and outlined proposed measures to achieve scale and consolidation in the defined contribution workplace pensions market and the Local Government Pension Scheme. A raft of measures designed to implement phase one were set out in the Chancellor’s maiden Mansion House speech.
The focus of the second phase is thought to be on pensions adequacy and further measures to improve outcomes for pensioners, such as increasing auto-enrolment contributions and the numbers of employees within scope to join such schemes.
The casualty of increased auto-enrolment inclusion from imminent pension reforms has been greeted with general disappointment from many in the industry. However, following the increase in employer NICs due to take effect from April 6, 2025, the Government has postponed imposing the additional expense of a hike in auto-enrolment contributions.
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Publication
Marine Money Week New York 2025
We are delighted to be participating in Marine Money Week New York 2025. As one of the landmark events for the global shipping finance community, and with the global shipping and maritime industry at such a pivotal juncture, we look forward to catching up with clients and contacts to continue discussions around navigating the current challenges and opportunities.
Publication
The parallel imposition requirement in exclusive distribution systems: key takeaways from the CJEU’s ruling in Beevers Kaas
On 8 May 2025, the Court of Justice of the European Union (the CJEU) delivered its ruling in case C-581/23 (the Ruling), providing guidance on one of the conditions for an exclusive distribution agreement to benefit from the block exemption under Article 4(b)(i) of the 2010 Vertical Block Exemption Regulation (the VBER)1, notably the so-called ‘parallel imposition requirement’.
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