Publication
International Restructuring Newswire
Welcome to the Q3 2025 edition of the Norton Rose Fulbright International Restructuring Newswire.
UK Government publishes consultation seeking views on the UK Emissions Trading Scheme extension beyond 2030 (closing 23:59 BST on 9 April 2025)
Global | Publication | March 2025
The UK ETS Authority published a consultation paper setting out its proposals for extending the UK ETS scheme under the UK Greenhouse Gas Emissions Trading Scheme Order 2020 beyond the end of Phase I to follow directly into a second phase from 1 January 2031 onward. The consultation also seeks views on the length of the proposed Phase II and whether banking of emissions allowances between Phase I and Phase II should be permitted. Responses to this public consultation are required to be submitted by 23:59 BST on 9 April 2025.
The full consultation can be found here.
Recent publications
Publication
Real estate focus: July 2025
In this edition, Amy Allen and David Hawkins report on the government’s unforeseen (and controversial) proposal to ban upwards only rent reviews in new commercial leases and the potential impact on tenants and landlords.
Publication
Brief update on the Omnibus: CSRD and CS3D simplification – negotiating positions
The ‘Omnibus package’ is due to be negotiated by the European Parliament and the Council. When initially published by the European Commission on 26 February 2025 (see our previous publication on this here), the Omnibus instantly drew attention in light of the significant changes it sought to introduce to the EU Corporate Sustainability Reporting Directive (CSRD) and the Corporate Sustainability Due Diligence Directive (CS3D).
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