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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).
Government consults on climate-related transition plans
United Kingdom | Publication | July 2025
On June 25, 2025, the Department for Energy Security and Net Zero published a consultation on options to take forward its climate-related transition plan “aligning with the 1.5°C goal of the Paris Agreement” for financial institutions including pension funds. The consultation period ends on September 17, 2025.
The DWP has asked the Regulator to assess the practicalities of transition plans for pension schemes. The Regulator has announced its plans to work with industry stakeholders, advisers and professional bodies to develop and test a voluntary net-zero transition plan template fit for occupational pension schemes.
The Regulator says the ultimate template will be based on the framework and guidance developed by the UK Transition Plan Taskforce and will be presented to the DWP later this year.
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UK Government’s Department for Transport publishes Maritime Decarbonisation Strategy
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.
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Privy Council confirms burden of proof regarding duty to achieve best price reasonably obtainable rests with the mortgagor
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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