
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.
United Kingdom | Publication | August 2024
On July 31, 2024, the Pensions Ombudsman published its corporate plan for 2024/25, outlining its key priorities and areas of work for the coming year.
Highlighting the impact of current funding constraints, and a June 2023 cyber attack, the Ombudsman acknowledged that complainants had experienced "unacceptably long waiting times" during the year. Analysis of the Ombudsman’s performance against key performance indicators in 2023/24 revealed that new complainants waited 12 months on average for their applications to be assessed for allocation to the early resolution or formal adjudication teams respectively, compared to a five-month target.
Against this background, key priorities for 2024/25 outlined in the report include:
An arm's-length review is due to be conducted in the coming year. In the meantime, the Ombudsman’s office is conducting its own "root and branch" review of its operating model, with the results intended to improve efficiency.
Anticipated improvements may include more targeted use of the office's resources, earlier decision-making, and streamlining of both the informal resolution and the formal determination of complaints (for example, through the use of short-form determinations akin to summary judgment at court).
For the future, the office plans to publish a three-year strategy at the start of the 2025/26 financial year, reflecting the outcome of its impending DWP spending review.
Publication
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.
Publication
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
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’.
Subscribe and stay up to date with the latest legal news, information and events . . .
© Norton Rose Fulbright LLP 2025