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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).
FCA publishes Advice Guidance Boundary Review
United Kingdom | Publication | December 2024
The Financial Conduct Authority has set out the next steps in its work on closing the advice gap, following feedback on its related discussion paper.
The update, published on November 15, 2024, confirms that there will be a consultation in December on high-level proposals for targeted support in pensions, which would allow FCA-regulated firms to provide support to pension savers in a new way. In 2025, it also plans to consult on rules for better support for consumers in retail investments and pensions.
The report seeks to support a healthy investment culture, where people have confidence to invest as well as save which it believes will not only benefit consumers but will also provide capital to drive the economy and boost growth.
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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.
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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).
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