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Shvidler v Secretary of State for Foreign, Commonwealth and Development Affairs; Dalston Projects Ltd and others v Secretary of State for Transport [2025] UKSC 30. Background The appeal raises significant issues about how the UK's sanctions framework functions, introduced to exert pressure on the Russian Federation to halt its brutal war on Ukraine. It further examines whether interferences with a designated individual’s or company’s Convention rights are proportionate. The two appellants, Mr Shvidler and Dalston Projects Ltd, were subjected to measures made under the powers in the Russia (Sanctions) (EU Exit) Regulations 2019 (the 2019 Regulations), SI 2019/855, as revised in 2022. Mr Shvidler’s designation occurred on 24 March 2022, one month after Russia’s invasion of Ukraine. The consequence was a worldwide asset freeze and the creation of a criminal offence for others who engage with him, whether privately or in business, save for limited exceptions. Accordingly, the appeal centres on these measures’ operation and on balancing them against fundamental Convention rights in practice...
The agency tasked with tackling white-collar crime will not contest an appeal by Anna Machkevitch, daughter of Alexander Machkevitch, one of three billionaire partners who helped found ENRC. Machkevitch is seeking to overturn her conviction for failing to comply with an SFO notice requiring her to produce and hand over papers linked to her father. The SFO, which notified Machkevitch of this decision on 30 July 2024, said it could not delay a reply to her pending the outcome of its own appeal against a High Court judge’s findings that it had encouraged a former Dechert LLP lawyer to reveal the company’s confidential information...
In this issue: UK, EU and international regulators and bodies Authorisation, approval and supervision Accountability, culture and social governance Prudential requirements Financial crime and sanctions Conduct requirements Investigations, enforcement and discipline Regulation of derivatives Sustainable finance and ESG Investment funds and asset management Consumer credit, mortgage and home finance Crowdfunding Regulation of insurance Fintech and cryptoassets Financial Services Enforcement Database Daily and weekly news alerts Intraday news alerts New and updated content Key dates for financial services practitioners UK, EU and international regulators and bodies TheCityUK and London Stock Exchange sign financial infrastructure MoU with Ukraine TheCityUK and London Stock Exchange plc have entered into a memorandum of understanding (MoU) with Ukraine’s Ministry of Economy to help further grow the country’s financial and allied professional services sector via ‘The City-Ukraine Hub’. Backed by the UK’s Foreign, Commonwealth and Development Office (FCDO), the MoU seeks...
This archived Practice Note captured the principal developments anticipated to influence the corporate governance regime in 2019. It has not been updated since 2019. For developments from January 2020 onwards, see Practice Note: Corporate governance horizon scanning—2020 and beyond. Please send suggestions for topics we might track to KnowhowLawyersCorporate@lexisnexis.co.uk... Mini-index January 2019 February 2019 March 2019 April 2019 June 2019 July 2019 September 2019 October 2019 No specific date in 2019 confirmed 2020 and beyond January 2019 From 1 January 2019, the revised UK Corporate Governance Code (UKCG Code) applies to premium listed companies with accounting periods beginning on or after that date. The update stems from the government’s response to the Green Paper Consultation on Corporate Governance Reform, together with the Hampton-Alexander Review and the Parker Review. Headline changes address executive remuneration and give greater prominence to the voices of employees, customers and suppliers. Further amendments require directors to focus on the...
This Practice Note looks at: an explanation of ‘the gender pay gap’ and other pay differences connected to a protected characteristic, such as ethnicity and disability findings from recent Office for National Statistics (ONS) reports about these disparities common drivers or traits of gender, ethnicity and disability pay gaps methods an employer can use to pinpoint the specific causes of pay gaps within its own workforce, including where in the organisation they arise and the factors behind them steps an employer can introduce or adopt to improve its pay gaps Pay gap reporting can provide a concrete means for an employer to evidence progress under the S (social) of ESG (environmental, social and governance). For further information, see: News Analysis: ESG: Pay Gap Reporting—a tangible way to show progress under the S. For more on ESG generally, see: Sustainable business and responsible business: employment issues and Practice Note: ESG and sustainability toolkit—user guidance. It should be made clear at the...
ARCHIVED : This Practice Note has been archived and is not maintained. This Practice Note compiles principal appellate cases (ie rulings of the Court of Appeal and the Supreme Court and, where applicable, selected judgments of the Court of Justice of the EU (CJEU)) that we have covered, to make it simpler for users to locate those decisions. You can navigate the material via the collapsible table of contents on the left-hand margin and/or by using the hyperlinks listed below. The cases are arranged under these headings: Key DR Developments Brexit Applicable law Rome I Jurisdiction Jurisdiction and choice of court agreements Stays and disputing the court’s jurisdiction Brussels I (EC regulation) Brussels I (recast) (EU regulation) Service Service in the jurisdiction Service...