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Since our last update, the growth in climate change litigation globally has continued. While cases against the fossil fuel sector continue to be brought, there are also claims against defendants in a wider variety of high-emitting and resource-intensive sectors.
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The Economic Crime and Corporate Transparency Bill 2022 (Bill) was introduced in the House of Commons on September 22, 2022. The Government describes it as effectively the second part of a legislative package to prevent the abuse of UK corporate structures and tackle economic crime, following on from the Economic Crime (Transparency and Enforcement) Act 2022, which received Royal Assent in March 2022.
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A sale of shares and the related share purchase agreement commonly provide for warranties given by the sellers to the buyers. The warranties are statements of fact on which the buyers rely in making their decision on the acquisition.
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On September 8, 2022 the Financial Reporting Council (FRC) published the results of a Thematic Review it has conducted into the reporting of earnings per share (EPS) in companies’ financial statements
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On 6 September 2022, the European Commission (EC or the Commission) prohibited Illumina’s acquisition of Grail, bringing to an end the administrative stage of a legal saga that has attracted interest beyond competition law specialists.
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