Publication
Greece
The applicable legislation establishing a national screening mechanism for foreign direct investments (FDI) and implementing Regulation (EU) 2019/452 in Greece is Law 5202/2025, which was adopted on 22 May 2025 (Greek FDI Law).
Living with SEC Rule 15c2-12 municipal securities disclosure amendments
Publication | December 13, 2018
Global law firm Norton Rose Fulbright has issued a white paper, Living with SEC rule 15c2-12 municipal securities disclosure amendments, that discusses recently adopted amendments, effective for municipal securities offerings with continuing disclosure undertakings entered into on or after February 27, 2019.
The amendments effectively require the securities’ issuers to contract to provide prompt public notice of new financial obligations and terms, if material, as well as related defaults and similar events that reflect financial difficulties, while the securities remain outstanding. The amendments will impose significant and uncertain new burdens on municipal securities issuers, conduit borrowers, underwriters and brokers.
Written by Fredric Weber (Houston), Stephanie Leibe (Austin), Uyen Poh (New York) and Matt Lee (San Antonio), the white paper discusses the ambiguities and challenges posed by the amendments and how to meet them.
Recent publications
Publication
UK Government’s Department for Transport publishes Maritime Decarbonisation Strategy
The UK Government’s Department for Transport (the DfT) has published its Maritime Decarbonisation Strategy, setting out its plan for decarbonising maritime and new decarbonisation goals for the UK domestic maritime sector.
Publication
Privy Council confirms burden of proof regarding duty to achieve best price reasonably obtainable rests with the mortgagor
On 29 May 2025, in Finlayson v Caterpillar Financial Services Corp [2025] UKPC 24 (The Bahamas), the Judicial Committee of the Privy Council of the United Kingdom (the Privy Council) heard the appeal of Mr Garet O Finlayson and Mr Mark Finlayson (the Appellants) following the Supreme Court of the Bahamas and the Court of Appeal of the Bahamas finding in favour of the respondent, Caterpillar Financial Services Corporation (the Respondent).
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