Großbritannien

Aktuelle eAlerts

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  25/06/2024

  Europe

  Market Abuse Regulation (MAR): Ensuring Fair and Transparent Markets

  Market Abuse Regulation (MAR) represents a comprehensive framework established by the European Union to prevent inter alia market manipulation, insider dealing, and unlawful disclosure of inside information. MAR came into force in 2016 and transposed into national law in Luxembourg by the law of 23 December 2016 on market abuse. Its main goal is to maintain the integrity of financial markets and bolster investor confidence by enforcing strict compliance standards and severe penalties for violations.MAR’s key components are the following:Insider Dealing: the use of inside information by a...

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  25/06/2024

  United Kingdom

  Court of Appeal guidance on allocations under the Building Safety Fund

  A recent Court of Appeal decision provides valuable commentary on the correct approach to the making of allocations under the Building Safety Fund (the “BSF”) for the funding of fire-safety remedial work. The developer in question had challenged an allocation made by the government on the basis that insurers of the buildings had accepted liability and that recoveries from insurers should be enforced prior to the making of any allocation under the BSF.The Building Safety FundThe BSF is overseen by the Department for Levelling Up, Housing and Communities (the “DLUHC”) and...

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  21/06/2024

  United Kingdom

  Finch: Supreme Court decision on environmental impact assessment regulations and the requirement to assess “scope 3” emissions

  The UK Supreme Court has handed down its much-awaited decision in R (on the application of Finch on behalf of Weald Action Group) (Appellant) v Surrey County Council and others (Respondent) (“Finch”). The case concerned a challenge to a development consent for an onshore oil and gas development on the basis that the relevant environmental impact assessment (EIA) did not consider indirect (commonly referred to as ‘scope 3’ or ‘downstream’) emissions from the combustion of eventually refined hydrocarbons produced by the development. The court’s decision –...

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  21/06/2024

  England and Wales

  Manifest-EES

  Despite Rishi Sunak’s September 2023 MEES U-turn and announcement of a “more pragmatic, proportionate, and realistic approach” to meeting net-zero, energy costs and climate policies remain crucial topics of national debate ahead of the election on 4 July.MEES is (was?) a flagship policy designed to support the UK’s drive and commitment to reach net zero emissions by 2050. For many years, we have been examining and discussing the impact of the MEES regulations on commercial real estate: from application through to enforcement (or lack thereof).With the Climate Change Committee’s...

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  21/06/2024

  Europe

  EU to create new anti-money laundering authority

  On 19 June 2024, the Regulation (EU) 2024/1620 of the European Parliament and of the Council of 31 May2024 establishing the Authority for Anti-Money Laundering and Countering the Financing of Terrorism Authority (AMLA) was published in the Official Journal. AMLA will coordinate EU efforts to combat money laundering (ML) and terrorist financing (TF), and the threats these criminal activities pose to the integrity of the EU’s economy and security. The AMLA has been established under the new European anti-money laundering (AML) and counter-financing terrorism (CFT) legislative package, and regulations...

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  20/06/2024

  United Kingdom

  SFO’s Strategy for 2024-2029 – New Emphasis for the SFO

  The UK’s Serious Fraud Office (SFO) has unveiled its strategy for 2024-2029.  The Strategy reads rather more clearly and concisely than many corporate vision-statements of this sort, perhaps reflecting the pragmatic approach of the new Director, Nick Ephgrave QPM. There is considerable , and laudable, emphasis on values, technology and attracting “the brightest and best”.   Here are some of the more interesting highlights:ECCTA and Increased Investigatory PowersPrevious SFO Directors have strongly advocated for law reform, in particular extending the ambit of corporate...

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