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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.
United States | Publication | July 2022
On July 14, 2022, the US Occupational Safety and Health Administration (OSHA) announced another in its enhanced enforcement initiatives to protect workers from known industry hazards.
To stress the dangers in trenching and excavation work, OSHA will use “every available tool” to address how it will evaluate penalties for trenching and excavation-related incidents, specifically including potential criminal referrals to hold employers accountable when their acts or omissions result in worker injury or death.
OSHA noted that, in the first half of this year, 22 trench incident deaths occurred, far surpassing the total for all of 2021. A cubic yard of soil weighs as much as 3,000 pounds and can result in crush and suffocation in a collapse.
Consistent with its National Emphasis Program for excavations, OSHA states it intends to perform over 1,000 random trench inspections, at any excavation site in the country.
Trenching standards require protective systems on trenches deeper than five feet and soil and other materials kept at least two feet from the edge of a trench. Additionally, trenches must be inspected by a knowledgeable person, be free of standing water and atmospheric hazards and have a safe means of entering and exiting prior to allowing workers to enter.
OSHA’s On-Site Consultation Program will assist employers in developing strategic approaches to avoid trench-related workplace incidents. Its trenching and excavation webpage provides additional information on trenching hazards and solutions, including a safety video.
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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.
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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.
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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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