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.
DB scheme funding: funding and investment strategy regulations now in force
United Kingdom | Publication | April 2024
On April 6, 2024, the new DB scheme funding regulations came into force, setting out the revised DB funding framework which includes the requirement for schemes to have a funding and investment strategy.
Trustees must ensure they have a funding and investment strategy within 15 months of the first scheme valuation dated on or after September 22, 2024. We looked at the new version of the regulations in detail in our February 2024 briefing.
Schemes should note that transitional provisions mean that the current statutory funding objective continues to have effect until a scheme is required under the new legislation to have a funding and investment strategy in place, as above.
Meanwhile, the Regulator is consulting on the form of the trustees’ statement of strategy and has requested responses by April 16, 2024. We also await the new DB funding code, which we understand should be available in May or June this year.
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Recent publications
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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