Publication
Motor Finance Redress: The Way Ahead
On August 1, 2025, the UK Supreme Court delivered its long-awaited judgment in Hopcraft v Close Brothers Limited and on 3 August the FCA announced it would consult on a redress scheme.
Final guidance to UK Stewardship Code 2026 issued
United Kingdom | Publication | November 2025
The Financial Reporting Council has published final guidance to the UK Stewardship Code 2026, following stakeholder feedback to the call for comments on the draft guidance published in June 2025
The guidance contains non-prescriptive suggestions to assist organisations with reporting to the UK Stewardship Code 2026. The Code is relevant for pensions as it provides a framework within which schemes can act as responsible stewards for their members’ assets in achieving long-term value. It encourages scheme trustees to oversee their asset managers, align stewardship with member outcomes, improve transparency with beneficiaries and regulators, and manage systemic risks like climate change.
The UK Stewardship Code 2026 applies from January 1, 2026. To support signatories in adapting to the new Code, 2026 will serve as a transition year.
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Recent publications
Publication
Germany delivers landmark copyright ruling against OpenAI: What it means for AI and IP
The Regional Court of Munich (LG München I) has issued a landmark judgment in GEMA v OpenAI (Case No. 42 O 14139/24), holding that the use of copyrighted song lyrics for training generative AI models without a licence violates German copyright law.
Publication
Clarifying charterers’ redelivery obligations under BARECON 2001: Songa Product and Chemical Tankers III AS v Kairos Shipping II LLC
Songa Product and Chemical Tankers III AS v Kairos Shipping II LLC [2025] EWCA Civ 1227 (07 October 2025) has clarified the extent of the obligation on the Charterer to redeliver a vessel following the termination of a Barecon 2001 charter and of the Owner’s right to require it to be redelivered to a port “convenient to them”.
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