The UK government has announced today probably the longest awaited policy change in the LGPS investment world, with a proposal to remove the limits on asset allocation that have been in place since the 1980s.
The Vulnerability of Default Judgments: Failure Effectively to Serve May Prevent Enforcement Later Down the Line
The English High Court has refused to recognise a Spanish default judgment because the judgment debtors had not been served with the documents which instituted the Spanish proceedings, as required under Regulation 44/2001 (the “Original Brussels Regulation”).
In September 2014, the new Attorney General, Jeremy Wright, revealed that the government was considering introducing a new offence of corporate failure to prevent economic crime, such as fraud and money laundering, similar to the corporate offence in the UK Bribery Act 2010 of an organisation failing to prevent bribery.
The UK’s Modern Slavery Act has imposed far reaching reporting requirements on companies to produce an annual statement explaining the steps they have taken to eliminate modern slavery in their businesses, and also within their supply chains.
In 2013, the Parliamentary Commission on Banking Standards (“PCBS”) published a report concluding that senior management in the banking sector “benefited from an accountability firewall between themselves and individual misconduct.”
On November 6, the UK Financial Conduct Authority (FCA) published a speech by Jamie Symington, director in enforcement (wholesale, unauthorized business and intelligence), on FCA-regulated firms’ internal investigations of their own affairs when problems arise, either at their own initiative or through an agreement with the FCA.
The news that the UK is to start construction on the first nuclear power plant to be built in two decades at Hinkley Point C has put nuclear energy firmly back among the headlines, but will this new £25bn investment signal a new Nuclear era in Europe?
With US $100 billion of issuances anticipated by year end, the green bonds market is increasingly attracting the attention of corporations, supranational entities, multilateral banks, cities and municipalities seeking to raise capital for projects or investments with a positive environmental impact.
Businesses operating in Europe are under increasing pressure to comply with new environmental requirements introduced under the Industrial Emissions Directive (IED).
In the wake of the Government’s defeat on tax credits in the House of Lords, the House of Commons Library has published a briefing paper, “Conventions on the relationship between the Commons and the Lords.”