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Framing securities lending for the sustainability era: ISLA-A&O white paper

The impact of the pandemic in 2020 has certainly pushed securities lending activity and the short side of the market under a microscope. ...more

Okpabi: Supreme Court rules that Nigerian communities can sue Shell and its Nigerian subsidiary in England

Okpabi and others (Appellants) v Royal Dutch Shell Plc and another (Respondents) [2021] UKSC 3, 12 February 2021. The UK Supreme Court has ruled that the English courts have jurisdiction to hear a claim by over 40,000...more

New RTS for sustainable finance disclosure regulation (SFDR) – key points for fund and asset managers

As Firms continue to implement SFDR, which applies on 10 March 2021 across the EU, our latest Great Fund Insights client alert gives further detail on the Regulatory Technical Standard and how firms can make sense of the new...more

High risk vendors in the telecommunications sector: key updates

During 2020, across many of the EU Member States and in the UK, restrictions related to so-called “high risk vendors” (HRVs) in the telecommunications sector were announced. In the UK, in November 2020, the UK Government...more

Enhanced climate-related financial risk disclosure for companies with UK-listed shares

The Financial Conduct Authority (FCA) has implemented a new Listing Rule applicable to premium listed commercial companies which is designed to help users of their financial statements understand how they are managing...more

The European Commission’s strategy to “foster openness, strength and resilience” in Europe’s economic and financial system

An ambitious plan to enhance the geopolitical strength of the EU? On 19 January 2021, the European Commission presented its new strategy to foster the “openness, strength and resilience” of the EU’s economic and financial...more

Towards the “greenest” Batteries in the world?

Sustainable battery development and production is key to the EU’s clean energy and climate neutrality objectives, as they are expected to contribute to the uptake of electric vehicles. For this reason, the use of batteries is...more

China’s new blocking statute against extra-territorial application of foreign laws

On January 9, 2021, the PRC Ministry of Commerce (“MOFCOM”) issued the Rules on Counteracting Unjustified Extra-territorial Application of Foreign Legislation and Other Measures (the “Rules”). - The Rules, along with the...more

Brexit certainty at last? An overview of the new EU-UK trading relationship

Following months of protracted negotiations and coming four and a half years after the UK voted to leave the EU, 24 December 2020 saw the EU and UK finally agree the shape of their future relationship. While the Trade and...more

The EU adopts a new global human rights sanctions regime

In a much-anticipated move, on 7 December 2020, the Council of the European Union adopted a Council Decision and a Council Regulation establishing the EU’s global human rights sanctions regime (the GHRSR). ...more

UK national security regime: scrutiny of transactions tightens

The UK government has finally delivered on its promise to tighten the scrutiny of transactions on national security grounds....more

The Business and Human Rights Review

As the world continues to battle against the Covid-19 pandemic, the resulting economic and social stress has brought many human rights issues to the fore, exacerbating systemic issues and generating new challenges. Yet the...more

Covid–19 coronavirus update: global application of foreign investment control rules (UPDATED)

The table below sets out an overview, based on our current awareness of the position as regards foreign investment control, of the different approaches being taken by authorities around the world in response to the Covid-19...more

The Telecommunications (Security) Bill: the rollercoaster ride continues

On 24 November 2020, the Telecommunications (Security) Bill (the Bill) was introduced by the UK Government into Parliament. As anticipated, the Bill seeks to introduce a new regulatory framework for telecommunications...more

ESG and SFDR regulatory developments for funds and asset managers

The European Commission and other bodies continue to press ahead with an ambitious Environmental, Social and Governance (ESG) sustainability agenda, with a number of further initiatives in the pipeline. ...more

Covid–19 coronavirus update: global application of foreign investment control rules

The table below sets out an overview, based on our current awareness of the position as regards foreign investment control, of the different approaches being taken by authorities around the world in response to the Covid-19...more

New ESG changes to MiFID II, AIFMD and the UCITS Directive

As a further step in the roll out of its green agenda, the European Commission is shortly expected to finalise certain ESG related changes to MiFID II, AIFMD and the UCITS Directive. These will contain various requirements,...more

Covid–19 coronavirus update: global application of foreign investment control rules (updated 13 November 2020)

The table below sets out an overview, based on our current awareness of the position as regards foreign investment control, of the different approaches being taken by authorities around the world in response to the Covid-19...more

National Security and Investment Bill: a new frontier for scrutiny of investment in the UK

On 11 November 2020 the UK Government published its groundbreaking National Security and Investment Bill (Bill). The Bill will drastically expand the Government’s powers to scrutinise investment on national security grounds,...more

European Commission draft EU climate law key part of wider Green Deal.

On 4 March 2020, the European Commission (the Commission) published a draft EU climate law, along with inception impact assessments for an EU carbon border adjustment mechanism and revisions to the Energy Taxation Directive....more

FCA proposes enhanced climate-related financial disclosure for companies with listed equity

New Listing Rules applicable to premium listed commercial companies. The FCA is consulting on new Listing Rules for premium listed issuers of shares to improve climate-related disclosures in corporate reporting by...more

COVID-19 (Novel Coronavirus) - 10 key points for effective contingency planning

COVID-19 is at the top of the agenda for businesses globally, for good reason. Here are 10 key points to consider to ensure your business is fully prepared....more

Liability for breaches of sanctions: financiers, lessors and charterers beware, OFAC settles claims against Apollo and Eagle Bulk

Two recent settlements in the United States have highlighted the risks for parties involved in aviation and shipping of incurring liabilities for a breach of sanctions. ...more

Updated Equator Principles Finalized

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

Consultation on update of the Commission’s “Blue Guide” on EU product rules

The European Commission has invited stakeholders to comment on issues that should be included in the next update of the Blue Guide on the implementation of EU product rules (the Blue Guide). The invitation can be found here....more

1/15/2020  /  EU , EU Directive , European Commission
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