Publication
An overview of the Commonwealth’s model litigant obligation
Since the early 20th century, Australian courts have emphasised the obligation for the Commonwealth to act as a ‘model litigant’ in court proceedings.
Financial Reporting Council publishes consultation on updated UK Stewardship Code
United Kingdom | Publication | November 2024
The Financial Reporting Council has published a consultation on proposed updates to the UK Stewardship Code.
The consultation builds on interim measures announced earlier this year, which included reducing the annual reporting burden while providing greater transparency for pensioners on how their money is being managed.
The Code, which is voluntary, is aimed at:
- Asset owners such as pension schemes, insurers, foundations, endowments, local government pension pools and sovereign wealth funds.
- Asset managers who manage assets on behalf of UK clients or invest in UK assets.
- Service providers such as investment consultants, proxy advisors, data and research providers that support asset owners and asset managers to exercise their stewardship responsibilities.
The consultation closes on February 19, 2025.
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Recent publications
Publication
Essential Corporate News – Week ending 23 May 2025
The Companies and Limited Liability Partnerships (Annotation) Regulations 2025 and an accompanying Explanatory Memorandum were published on 14 May 2025.
Publication
Federal Court quashes Commissioner of Patent’s decision and calls for a robust “due care” analysis for patentees
In a recent decision, Matco Tools Corporation v. Canada (Attorney General), the Federal Court has overturned a Commissioner of Patents (the Commissioner) decision regarding a patent applicant failing to meet the “due care” standard in the context of an unpaid maintenance fee.
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