Publication
Blue Bonds: Making a splash in the Capital Markets
In 2018, the Republic of Seychelles launched the first-ever “blue bond”, with the support of the World Bank Group and the Global Environment Facility.
CDC option opens up
United Kingdom | Publication | January 2022
The DWP has finalised an authorisation and supervision regime for collective defined contribution (CDC) pension schemes. Once the new regulations come into force (on August 1, 2022, if approved by parliament) this “third way” will become an option employers could consider in place of traditional defined benefit or defined contribution schemes.
The aim of CDC schemes is to provide employees with better value from their contributions than they could hope to achieve from a DC scheme where investment and longevity risks are borne by the individual members. At the same time, because the level of pension is not guaranteed, employers have predictable pension costs.
The new rules will only permit single or connected employer CDC schemes. The Government hopes to extend them so as to allow unconnected multi-employer CDC schemes to be launched in due course.
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Recent publications
Publication
Marine Money Week New York 2025
We are delighted to be participating in Marine Money Week New York 2025. As one of the landmark events for the global shipping finance community, and with the global shipping and maritime industry at such a pivotal juncture, we look forward to catching up with clients and contacts to continue discussions around navigating the current challenges and opportunities.
Publication
The parallel imposition requirement in exclusive distribution systems: key takeaways from the CJEU’s ruling in Beevers Kaas
On 8 May 2025, the Court of Justice of the European Union (the CJEU) delivered its ruling in case C-581/23 (the Ruling), providing guidance on one of the conditions for an exclusive distribution agreement to benefit from the block exemption under Article 4(b)(i) of the 2010 Vertical Block Exemption Regulation (the VBER)1, notably the so-called ‘parallel imposition requirement’.
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