
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 | October 2024
Following the launch of the UK’s first collective defined contribution pension scheme by Royal Mail on October 7, 2024, the DWP published a consultation paper and draft legislation to extend the collective defined contribution framework to non-associated multi-employer schemes on October 8, 2024. The consultation period runs until November 19, 2024.
Currently, the CDC regime covers only single or connected employers and the intention is to expand the framework to cover schemes with multiple unconnected employers.
The Pension Schemes Act 2021 includes powers to extend the existing CDC regime, and the changes can therefore be largely introduced under the draft regulations in the consultation.
Views are sought on provisions removing the current exclusion of unconnected multiple employer schemes from operating under the existing CDC framework. The draft regulations also set out what CDC schemes that are whole-life unconnected multiple employer schemes need to do to become authorised and to operate effectively under regulatory oversight. The definition of “connected” employers is to be aligned with the current definition applying to the master trust regime.
The DWP's consultation has been generally welcomed with many claiming it will benefit employers, pension savers and the UK economy. The government intends to introduce legislation in 2025 and, subject to Parliamentary approval, will bring it into force as soon as practicable after that. The Regulator will also update its CDC code of practice.
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