Publication
Greece
The applicable legislation establishing a national screening mechanism for foreign direct investments (FDI) and implementing Regulation (EU) 2019/452 in Greece is Law 5202/2025, which was adopted on 22 May 2025 (Greek FDI Law).
PPF publishes latest version of The Purple Book
United Kingdom | Publication | December 2023
The PPF has published the 18th edition of The Purple Book, which provides data and analysis of the UK DB pension landscape. According to the report, the net funding position on a section 179 basis improved to a surplus of £358.9bn in the year to March 31, 2023, with more than 80 per cent of schemes in surplus. The findings also revealed that the aggregate funding ratio increased from 113.1 per cent in 2022 to 134 per cent in the same period.
The total number of DB schemes fell slightly from 5,131 to 5,063 as a result of winding-up, mergers or falling into the PPF. However, there remains a “long tail” of small DB schemes in the market.
As regards asset allocation, the PPF notes that the largest shift was the increase in allocations to unquoted/private equity which increased from 21.5 per cent to 29.5 per cent. Investments in UK-quoted equity continued to decrease, falling from 9.9 per cent to 7.6 per cent, while overseas-quoted equities fell from 68.6 per cent to 62.8 per cent.
Partner
Email
lesley.browning@nortonrosefulbright.com
Recent publications
Publication
UK Government’s Department for Transport publishes Maritime Decarbonisation Strategy
The UK Government’s Department for Transport (the DfT) has published its Maritime Decarbonisation Strategy, setting out its plan for decarbonising maritime and new decarbonisation goals for the UK domestic maritime sector.
Publication
Privy Council confirms burden of proof regarding duty to achieve best price reasonably obtainable rests with the mortgagor
On 29 May 2025, in Finlayson v Caterpillar Financial Services Corp [2025] UKPC 24 (The Bahamas), the Judicial Committee of the Privy Council of the United Kingdom (the Privy Council) heard the appeal of Mr Garet O Finlayson and Mr Mark Finlayson (the Appellants) following the Supreme Court of the Bahamas and the Court of Appeal of the Bahamas finding in favour of the respondent, Caterpillar Financial Services Corporation (the Respondent).
Subscribe and stay up to date with the latest legal news, information and events . . .