Publication
Hopcraft
On August 1, 2025, the UK Supreme Court delivered its long-awaited judgment in Hopcraft v Close Brothers Limited and on 3 August the FCA announced it would consult on a redress scheme.
Maritime decarbonisation: Current issues facing shipping companies and new IMO net-zero regulations
EMEA | Publication | July 2025
In April 2025, the International Maritime Organisation’s (IMO) announced its Net-Zero Framework (the Framework). The Framework is considered an important step towards establishing a legally binding framework to reduce greenhouse gas (GHG) emissions from ships globally, aiming for net-zero emissions by or around 2050. The Framework is the first in the world to combine mandatory emissions limits and GHG emissions pricing across an entire industry sector. Measures will become mandatory for large ocean-going ships over 5,000 gross tonnage and are set to be formally adopted in October 2025 before they enter into force in 2027. Read more on the IMO’s draft measures here.
Recent publications
Publication
Another contract remediation exercise for EU financial entities?
The European Banking Authority (EBA) is currently consulting on its draft guidelines on the sound management of third party risk (Draft Guidelines), which are intended to replace the 2019 guidelines on outsourcing arrangements (2019 Guidelines).
Publication
UK Government releases interim response to consultations regarding the UK Emissions Trading Scheme expansion to maritime
The UK Emissions Trading Scheme Authority (consisting of the UK Government and relevant devolved administrations) (the Authority) has released an interim response (the Response) following its November 2024 consultation which considered implementing the UK Emissions Trading Scheme (the UK ETS) for the maritime sector and the potential further expansion of the UK ETS to additional maritime emissions.
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