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Understanding hydrogen in the EU
Green Hydrogen has been a central pillar of the EU’s energy and climate neutrality strategy since the adoption of the EU Hydrogen Strategy in 2020.
Pensions Regulator updates its trustee guidance where DB scheme employer in distress
United Kingdom | Publication | May 2023
The Regulator has updated its November 2020 guidance for trustees of schemes where the sponsoring employer is distressed. The original guidance focused on the economic impact of Covid-19, whereas the largely unchanged updated version notes the ongoing challenges currently faced by employers.
The Regulator’s expectations of trustees remain much the same. It expects trustees to have effective covenant monitoring in place as part of their integrated risk management regime and also urges them to read the updated guidance.
Examples of corporate activity which could lead to a worsening of the scheme’s position include a lender seeking security ahead of the scheme or the employer selling a valuable business.
The trustee checklist to reduce scheme risk in the face of employer distress include such actions as regular sponsor engagement and seeking specialist advice.
Please also see our earlier blog from January 2022 looking at trustee vigilance in times of economic uncertainty.
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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).
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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.
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