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 | October 2019
Extreme weather events are getting worse. The rise of flooding, drought, typhoon and wildfire incidents is linked to a rise in global temperature caused by human activity. The risks arising from climate change are recognized by supranational organizations, national governments and private enterprise as a significant threat to human life and to the economy.
In 2015,1 consensus was reached that climate change should be limited to a change of no more than an increase of 2ºC by the end of the century. Since 2015, there has also been a marked change in public awareness of climate change. With greater public awareness has come an appetite to hold both governments and businesses accountable for their contribution to the rise in temperatures. This accountability, we believe, will lead to increasing exposures for insurers, not just in terms of the policies underwritten but also in relation to the management of their business, with increasing regulatory requirements concerning climate related risk.
In this environment, we have written a guide on the legal issues that insurers face in the context of the changing environment. This guide is aimed at the directors and senior managers of insurance companies as well as those with responsibility for managing investment portfolios, underwriting, claims, risk management and legal and regulatory compliance.
We set out a view of the risks that insurance companies face, both in terms of the developing regulatory environment but also in terms of the identification of hidden exposure to climate risks and the changing claims environment.
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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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