Publication
International Restructuring Newswire
Welcome to the Q3 2025 edition of the Norton Rose Fulbright International Restructuring Newswire.
PASA publishes new De-risking Jargon Buster
United Kingdom | Publication | July 2025
On July 14, 2025, PASA published its new De-risking Jargon Buster. This provides “accessible, clear explanations” of commonly used terms in de-risking and options, including liability management exercises, buy-ins, buy-outs, capital-backed journey plans, and longevity swaps.
The Jargon Buster also outlines the administration and governance implications of each de-risking step, highlighting best practice and essential readiness tasks. It reinforces the importance of data quality, clear documentation, and robust project planning throughout the process.
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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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