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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 | June 2024
The latest pension schemes newsletter was published on May 30, 2024, and includes a link to a new online tool for savers to check whether they can apply for a transitional tax-free amount certificate, where they used some of their lifetime allowance before April 6, 2024.
Some members may opt for one of the new certificates where they crystallised benefits at a time when the lifetime allowance was lower than £1,073,100. The newsletter also notes that the certificate must meet certain statutory requirements and should not be issued or dated before April 6, 2024.
The newsletter also sets out further reporting reminders for administrators, as well as seeking participants in the development of HMRC's lifetime allowance protection look-up service when it moves to the new Managing pension schemes service in 2025. HMRC plans to extend the service so that it covers lifetime allowance enhancements as well as protections.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.
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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.
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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’.
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