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.
Lifetime allowance guidance newsletter indicates forthcoming changes to Finance Bill 2024
United Kingdom | Publication | February 2024
On February 13, 2024, HMRC published the second edition of its lifetime allowance guidance newsletter, which includes information about several changes that HMRC proposes to make to the provisions in the Finance Bill 2024, which will abolish the lifetime allowance and modify the pensions tax regime from the start of the 2024/25 tax year.
The newsletter sets out detail on transitional tax-free amount certificates, and guidance on how and when to apply for such certificates.
HMRC also notes that the legislation will be amended in regulations ahead of April 6, 2024, to remove the ‘permitted maximum’ for the pension commencement excess lump sum, which in some circumstances would have been far more restrictive than under the current regime. HMRC promises to provide further guidance and worked examples as soon as possible.
Several new FAQs have also been published in response to industry feedback.
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Recent publications
Publication
Marine Money Week New York 2025
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
The parallel imposition requirement in exclusive distribution systems: key takeaways from the CJEU’s ruling in Beevers Kaas
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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