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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.
United Kingdom | Publication | April 2024
From April 6, 2024, employees are entitled to a new form of unpaid leave. Employees with dependants having long-term care needs may take up to one week per year as carer’s leave to provide or arrange care.
The provision covers dependants that require care for an illness or injury for a period that is likely to be longer than three months, or for a disability, or those who require care because of old age. The entitlement arises from the first day of employment and may be taken all at once or as full or half days throughout the year.
Under the Carer’s Leave Regulations 2024, all terms and conditions of employment (apart from pay) continue during carer’s leave. This means, unlike during other forms of unpaid leave (additional maternity, paternity or adoption leave), pensions accrual continues during the period of absence, although the regulations do not specifically refer to this aspect of the employee’s rights.
Benefit accrual for such a limited annual period is unlikely to have significant cost implications for employers. However, as carer’s leave is treated differently in law from other forms of unpaid leave, schemes may wish to consider amending their scheme rules to reflect this when the document is next updated.
Publication
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.
Publication
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
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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