Publication
Greece
The applicable legislation establishing a national screening mechanism for foreign direct investments (FDI) and implementing Regulation (EU) 2019/452 in Greece is Law 5202/2025, which was adopted on 22 May 2025 (Greek FDI Law).
Global | Publication | December 2019
Some of the world’s largest pension funds and asset managers are drawing up plans for mandatory corporate reporting of climate issues and carbon pricing, among other actions, as outlined on day 8 of COP25 in Madrid. A panel moderated by Sir Nicholas Stern, attracted some of the largest pension funds and asset managers globally including Aviva, the Japanese Government Pension Fund, the Danish Pension Fund PFA, Allianz (also representing the Asset Owners Alliance, members of which commit to reduce carbon emissions of their investment portfolios to net-zero by 2050), the German Central Cooperative Bank and BNPP.
Each was tasked with identifying action required for governments to drive transformative change through finance. Key takeaways called for were:
In terms of action, examples include the Japanese Government Pension Fund (the world’s biggest pension fund) making Environmental, social and governance (ESG) a key decision point in its selection of asset managers. The organization is also pushing a change of benchmark indexes that it uses to provide a greater ESG focus. Aviva is looking to embed climate change expertise within debt and equity teams with the objective of backing the right investments, and diverting capital away from those not part of the climate fight. The German Central Cooperative Bank representative provided a series of actionable suggestions, including building sustainable development bond purchasing directly into sovereign bonds to mainstream them quickly, and using FinTech and document standardization to speed up access to green bonds.
Whilst the commitment of business to mitigating climate change is not new, it is clear that global pension funds and other key financial players recognize the gravity of the risks facing the planet if transformative change does not happen in the 2020s. The key takeaway was a call for governments to catch up.
Publication
The applicable legislation establishing a national screening mechanism for foreign direct investments (FDI) and implementing Regulation (EU) 2019/452 in Greece is Law 5202/2025, which was adopted on 22 May 2025 (Greek FDI Law).
Publication
The UK Government’s Department for Transport (the DfT) has published its Maritime Decarbonisation Strategy, setting out its plan for decarbonising maritime and new decarbonisation goals for the UK domestic maritime sector.
Publication
On 29 May 2025, in Finlayson v Caterpillar Financial Services Corp [2025] UKPC 24 (The Bahamas), the Judicial Committee of the Privy Council of the United Kingdom (the Privy Council) heard the appeal of Mr Garet O Finlayson and Mr Mark Finlayson (the Appellants) following the Supreme Court of the Bahamas and the Court of Appeal of the Bahamas finding in favour of the respondent, Caterpillar Financial Services Corporation (the Respondent).
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