
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 States | Publication | April 2021
As the COVID-19 pandemic has continued, many cities have passed ordinances providing hazard or "hero pay" to essential workers, typically amounting to an extra US$4 to US$5 per hour. Recently, Los Angeles City and Los Angeles County passed such ordinances, following the likes of Berkeley, Buena Park, Coachella, Daly, Montebello, Oakland, San Jose, San Leandro, Seattle, and West Hollywood. One city, Long Beach, passed its "hero pay" ordinance on January 19, 2021, requiring large grocery stores in the city to provide each grocery worker with premium pay of an additional US$4 per hour for each hour worked for a minimum of 120 days. On January 20, 2021, the California Grocers Association (CGA) filed suit against the City of Long Beach, contending its "hero pay" ordinance was preempted by the National Labor Relations Act and violated the Equal Protection and Contracts clauses of the U.S. and California constitutions. On February 25, 2021, the District Court denied CGA's request for a preliminary injunction finding CGA was unlikely to prevail on its preemption, equal protection and contract clause claims.
CGA has now appealed the District Court's decision to the Ninth Circuit. With more and more cities passing "hero pay" ordinances, all eyes will be on the Ninth Circuit to see how it rules on this appeal.
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