Public call box meaning

In this issue: Funding and investment Pensions Regulator Types of pension scheme Daily and weekly news alerts Dates for your diary Trackers Funding and investment Government launches promised pensions review as part of its economic growth mission On 20 July 2024, the Chancellor of the Exchequer, Rachel Reeves, confirmed the start of the official pensions review, fulfilling Labour’s pre-election manifesto commitment. This review sits within the new administration’s drive to ‘boost growth and make every part of Britain better off’. It will prioritise channelling more investment, growing savers’ pension pots, and cutting waste across the pensions framework. Ministers contend that redirecting defined contribution schemes could unlock £8 billion of fresh productive capital for the UK economy, while raising individual pension pots by more than £11,000. The £360 billion Local Government Pension Scheme—hailed as ‘an engine for UK growth’—is likewise in scope, as the government explores how to release its investment capacity and address its £2 billion outlay...

In this issue: UK private actions EU digital markets EU competition policy EU State aid Daily and weekly news alerts Caselex UK private actions CAT refuses UK music copyright collective action The CAT handed down its ruling in David Alexander de Horne Rowntree v Performing Right Society Limited and PRS for Music Limited, a bid for a collective proceedings order (CPO) under s. 47B of the Competition Act 1998 (CA 1998). Brought for the benefit of PRS songwriter members, the claim took issue with the allocation of so‑called ‘Black Box’ royalties. The Tribunal declined to make the CPO and, instead, upheld PRS’s applications for strike‑out and summary judgment. Background PRS gathers and pays out royalties for the public performance of musical compositions where the performing rights have been assigned to it. The dispute related to royalties that cannot be matched to the rightful songwriter or publisher (‘Black Box’ royalties). PRS ordinarily shares those monies pro‑rata...

This glossary sets out numerous expressions regularly encountered in the restructuring & insolvency sphere. Words shown in bold within definitions are themselves explained in other entries in this glossary as well. A Article X The MLIJ contains a single provision named Article X, aimed at jurisdictions that have already implemented the MLCBI, like England, or are weighing its adoption. Article X states: ‘Not withstanding any prior interpretation to the contrary, the relief available under [insert a cross-reference to the legislation of this State enacting Article 21 of the UNCITRAL Model Law on Cross-Border Insolvency] includes recognition and enforcement of a judgment’ (see Practice Note: UNCITRAL model law on recognition and enforcement of insolvency-related judgments (MLIJ): Article X). Asset-backed security (ABS) A form of security anchored by asset pools, for example loans, leases, and credit card receivables. Assimilated law From 1 January 2024, ‘retained law’ has been retitled ‘assimilated law’. The body of domestic law originally arising from EU obligations, created by the European...