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.
PPF publishes final rules for 2024/25 levy year
United Kingdom | Publication | January 2024
On December 14, 2023, the PPF published its final levy rules for 2024/25 following its consultation in September.
In the accompanying Policy Statement, the PPF confirmed a 50 per cent reduction in its target levy collection to £100m next year, down from £200m in 2023/24. In its September consultation, the PPF explained that the current law imposes a limit of 25 per cent year-on-year increases to the levy target. As a result, it was required to set a minimum levy now so that it would be able to charge a material levy in the future (if necessary), without relying on legislative change.
Almost all respondents considered that legislation should be changed as soon as possible to allow the PPF to move to a much lower, or even zero, levy. The PPF has shared these responses with the DWP who will consider the points raised and expects to legislate as soon as parliamentary time allows.
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Publication
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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