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.
Regulator urges "poorly performing" small DC schemes to consider winding up
United Kingdom | Publication | April 2025
The Regulator's latest compliance and enforcement bulletin for the period July to December 2024 confirms that it has now issued almost £100,000 in penalties to small DC schemes for governance failures related to the more detailed value for members assessment. The Regulator's research in 2021 showed just 17 per cent of schemes required to complete the assessment had done so, and 64 per cent were unaware of this statutory obligation.
This level of fines represents a significant increase from the first period of 2024, where schemes were fined £33,750 in relation to similar breaches.
The increase prompted the Regulator to issue a press release on April 3, 2025, urging trustees of such schemes to consider whether their members would be better off transferring to a larger scheme.
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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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