We were delighted to host the U.K. Transition Finance Market Review’s (TFMR) flagship event at New York Climate Week, in partnership with the City of London Corporation who host the TFMR secretariat. The session offered a...more
How to accelerate the transition to a sustainable economy is a hot regulatory topic for most major economies around the world – and is set to continue ascending the agenda in the years to come. As sustainability-related...more
3/7/2024
/ Asia Pacific ,
Capital Markets ,
Carbon Capture and Sequestration ,
Climate Change ,
Corporate Governance ,
Disclosure Requirements ,
Economic Reform ,
Environmental Social & Governance (ESG) ,
EU ,
Extraterritoriality Rules ,
Financial Institutions ,
Financial Services Industry ,
Global Market ,
Investment ,
Investors ,
Middle East ,
Net Zero ,
Regulatory Agenda ,
Regulatory Requirements ,
Reporting Requirements ,
Sustainability ,
Taxonomy ,
UK ,
United States
Creating an effective regulatory framework will be critical to deliver Net Zero. But does that mean more – or less – regulation?
From trade agreements to taxonomies, carbon adjustment mechanisms to corporate sustainability...more
3/7/2024
/ Asia Pacific ,
Carbon Capture and Sequestration ,
Climate Change ,
Corporate Governance ,
Corporate Social Responsibility ,
Energy Sector ,
Environmental Policies ,
Environmental Social & Governance (ESG) ,
EU ,
Financial Institutions ,
Financial Services Industry ,
Global Economy ,
Global Market ,
Infrastructure ,
Investment Funds ,
Investment Management ,
Investors ,
Middle East ,
Net Zero ,
Regulatory Agenda ,
Regulatory Requirements ,
Renewable Energy ,
Sustainability ,
Taxonomy ,
Technology Sector ,
UK ,
United States
On 6 October 2023, the Court of Appeal handed down judgment in the case of Mints & ors v PJSC National Bank Trust & anor [2023] EWCA 1332.
The judgment confirmed that the UK’s sanctions do not preclude the English courts...more
12/5/2023
/ Appeals ,
Control Test ,
Financial Institutions ,
HM Treasury ,
International Trade ,
New Legislation ,
Office of Financial Sanctions Implementation (OFSI) ,
Regulatory Reform ,
Russia ,
Sanctions ,
UK ,
UK Supreme Court
Sanctions and the systems and controls companies have in place to comply with them seem to be back in the spotlight.
In addition to guidance recently published by the UK Financial Conduct Authority, a number of recent...more
9/12/2023
/ Arbitration ,
Civil Monetary Penalty ,
Enforcement Actions ,
Financial Conduct Authority (FCA) ,
Financial Institutions ,
HMRC ,
International Arbitration ,
International Litigation ,
Office of Financial Sanctions Implementation (OFSI) ,
Regulatory Agenda ,
Sanctions ,
UK
Three decisions in recent weeks have demonstrated the breadth of the UK Government’s sanctions-related powers and underline a push by the UK to demonstrate the robustness of its sanctions and a focus on their enforcement....more
9/8/2023
/ Asset Freeze ,
Economic Sanctions ,
Enforcement Actions ,
EU ,
Export Controls ,
Financial Conduct Authority (FCA) ,
Financial Institutions ,
Financial Services Industry ,
HMRC ,
Russia ,
Trade Relations ,
UK
Environmental, social and governance (ESG) ratings are increasingly used by investors, lenders and regulators to assess the sustainability performance of companies. They can, for example, assess an entity’s exposure to, and...more
The Biden administration has issued new sanctions on Russian individuals and entities as well as prohibitions on US financial institutions' transactions with Russia's Central Bank, National Wealth Fund, and Ministry of...more
Following an extensive consultation process, the Equator Principles Association (EP Association) adopted a fourth iteration of the Equator Principles (EP4) on 18 November 2019. Originally, EP4 was due to come into effect on 1...more
Updated Equator Principles with stronger standards and a broader scope were finalized in November 2019 and are set to come into effect in July 2020. ...more
In 2014 and 2015 the EU introduced sectoral sanctions against certain Russian and related entities. Those sectoral sanctions are primarily set out in Council Regulation (EU) No 833/2014 of 31 July 2014 (as amended) (the...more
On February 3, 2017, the U.S. Office of Foreign Assets Control (OFAC) added 25 persons to its List of Specially Designated Nationals and Blocked Persons (the SDN List, and every person thereon, an SDN) as a result of their...more
At the end of last year, the Task Force on Climate-related Financial Disclosures (the Task Force) published its Recommendations Report on climate change related financial disclosures.
The 32-member Task Force was...more
On 7 October 2016, the United States Department of the Treasury, Office of Foreign Assets Control (OFAC) ended all economic and financial sanctions with respect to Myanmar (referred to by OFAC as Burma). The move had been...more
After months of wrangling, a deal has finally been reached allowing Iran to develop a peaceful domestic nuclear programme with the lifting of economic and financial sanctions.This is on the strict proviso that Iran does not...more
7/21/2015
/ Energy Sector ,
EU ,
Financial Institutions ,
Implementation Day ,
Iran ,
Iran Sanctions ,
Joint Comprehensive Plan of Action (JCPOA) ,
Nuclear Power ,
Nuclear Weapons ,
Office of Foreign Assets Control (OFAC) ,
P5+1 Nations ,
SDN List ,
Shipping ,
Transition Day ,
UN Security Council
On July 18, 2014, the European Council adopted Regulation (EU) No 783/20141 which expanded the scope of individuals, entities and bodies who could be added to the list of sanctions targets. Those materially or financially...more
8/4/2014
/ Arms Embargo ,
Banking Sector ,
Energy Sector ,
EU ,
Export Controls ,
Financial Institutions ,
Firearms ,
Imports ,
Russia ,
Sanctions ,
SSI List ,
Surface Transportation ,
Telecommunications ,
Ukraine