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.
Clearing solutions for pension scheme arrangements under EMIR – temporary exemption extended once more
United Kingdom | Publication | May 2023
Pension schemes using certain types of over-the-counter derivatives were previously warned that the temporary exemption under EMIR to centrally clear these trades, which had been extended several times since 2012, was due to end on June 19, 2023.
In our March 2023 update we reported that HM Treasury intended to extend the pension fund clearing exemption for a further period of two years to June 18, 2025. In addition, HMT announced that it would also extend the temporary intragroup exemption regime by a further three years to December 31, 2026.
The relevant extensions will come into force on June 12, 2023, under the Pension Fund Clearing Obligation Exemption and Intragroup Transaction Transitional Clearing and Risk Management Obligation Exemptions (Extension and Amendment) Regulations 2023.
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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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