United Kingdom | Publication | April 2023
The PPF has published its proposed changes to the assumptions used when valuing a scheme after employer insolvency. The valuations are used in determining whether the scheme enters the PPF or goes on to buy-out with an insurer.
The changes are intended to ensure the PPF’s valuation assumptions better reflect those used by insurers and include: adopting a yield curve approach to determining liabilities in some circumstances; increasing the discount rates for certain tranches of benefit; a new model for mortality projections; and amending the calculation of expenses.
The new assumptions will take effect from May 1, 2023.
Publication
On July 16, 2025, the Office of the Commissioner of Lobbying of Canada (the OCL) released two new interpretation bulletins, providing notable updates. Most significantly, the OCL issued a new interpretation of the words “significant part of the duties” as they apply to the lobbying activities of employees of corporations and organizations.
Publication
On July 7, 2025 Hikvision Canada Inc. (Hikvision), the Canadian subsidiary of a Chinese surveillance camera maker, announced that it is challenging the Government of Canada’s order requiring it to close its Canadian operations following a national security review conducted pursuant to the Investment Canada Act (ICA).
Publication
Our 23rd report spotlights landmark legislative reforms such as the UK’s new Arbitration Act 2025 and South Africa’s rise as a regional arbitration hub. We examine procedural innovations, enforcement challenges, and the evolving role of tribunals in promoting settlement.
Subscribe and stay up to date with the latest legal news, information and events . . .
© Norton Rose Fulbright LLP 2025