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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.
Global | Publication | December 2018
The Electronic Communications Code 2017 has not yet had its first birthday but the government is already intent on changing it.
The Code came into force on December 28, 2017 and governs the relationship between land owners/occupiers on the one hand and most mainstream electronic communications network and infrastructure providers (or operators) on the other.
The Code encourages the installation and upgrading of digital infrastructure by way of commercial negotiation and voluntary agreements, with the imposition of agreements by tribunals as a back-stop option.
Telecoms operators report that many landlords are not responding to requests for access to properties, particularly tenanted properties, making it more difficult to install digital services.
As a result the government published proposals on October 29, 2018 to try to improve the situation and thus to make it easier for commercial and residential tenants to access high quality and reliable broadband. The proposals are
The deadline for responses to the proposals is December 21, 2018.
Footnote: Interestingly the Upper Tribunal, responsible for telecoms disputes, is one step ahead in terms of facilitating access for Code operators. In Cornerstone Telecommunications Infrastructure Ltd v University of London [2018] UKUT 356 (LC), the Upper Tribunal (Lands Chamber) held that its powers to impose an agreement for access under the Code extended to an agreement for interim access to enable an operator to assess a property’s suitability for the installation of electronic communications apparatus.
Publication
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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