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.
Task-force on Nature-related Financial Disclosures – one to watch
United Kingdom | Publication | December 2021
As the largest pension schemes and companies grapple with the demands of the climate change reporting requirements of the Task-force on Climate-related Financial Disclosures (TCFD), it is worth being aware that 2021 has seen the gradual emergence of a new Task-force on Nature-related Financial Disclosures (TNFD).
Officially launched in June, this aims to create a risk reporting framework that will encourage more nature-positive financial investments. In other words the TNFD aims to do for nature and biodiversity what the TCFD is trying to achieve for climate.
This initiative is currently at an early stage but will become significant for pension schemes if its recommendations become mandatory (and it appears to have the support of the G7 finance ministers). The TNFD is working towards producing a reporting framework by 2023 for consultation. Trustees should keep a watching brief on how this develops.
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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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