Recast meaning

This timeline charts activity from 1 January 2024 onwards concerning the EU-facing legal and supervisory frameworks for anti-money laundering (AML), counter-terrorist financing (CTF) and counter‑proliferation financing (CPF) within the financial services sector. It traces both milestones and roll-out of the European AML, CTF and CPF rulebook. It also tracks cross-border initiatives in AML/CTF/CPF from the Financial Action Task Force (FATF), Basel Committee on Banking Supervision (BCBS), International Association of Insurance Supervisors (IAIS), IOSCO, the Egmont Group of Financial Intelligence Units (FIUs) and the Wolfsberg Group. For added detail on the EU AML/CTF regime, consult the Financial crime and sanctions (EU Law)—overview, including Practice Notes on AMLA—direct oversight of qualifying financial services firms, the EU Sixth Money Laundering Directive (MLD6) and the EU Recast Second Wire Transfer Regulation (Recast WTR2) on cryptoasset transfers... 2026 16 March 2026 — AMLA — AMLA starts a data collection exercise to test risk assessment models. AMLA has issued the reporting package for this data collection and testing exercise...

ARCHIVED: This Checklist has been archived and is no longer maintained. For up-to-date guidance, please refer to: Governing law and jurisdiction clauses in commercial contracts―checklist. Brexit: As of exit day (11pm on 31 January 2020) the UK is no longer an EU Member State. However, in line with the Withdrawal Agreement, the UK entered an implementation period, during which it continues to be subject to EU law. This affects this Checklist. For further guidance, see Brexit Bulletin—key updates, research tips and resources, and the Brexit collection. This Checklist assesses the implications of Brexit for drafting and negotiating dispute resolution clauses. It looks at the position regarding: Applicable law clauses (also referred to as governing law clauses or choice of law clauses) Jurisdiction clauses The enforcement of judgments The service of documents...

This Checklist offers guidance on how to determine whether an Irish court has jurisdiction to deal with the specific civil dispute. This Checklist explains how to assess jurisdiction for a particular civil dispute in Ireland. In doing so, it reviews the regimes under Brussels I (recast), the Lugano Convention and the Hague Convention on Choice of Court Agreements. It sets out a high-level overview to help decide whether proceedings ought properly to be brought in Ireland. For guidance on: the particular court in which to issue proceedings, see Practice Note: Ireland-Starting a civil action pre-action considerations before pursuing a civil claim in an Irish court, and the steps to commence and advance a claim in Ireland, see Practice Notes: Ireland-Starting a civil action and Ireland-Pre-action conduct; and for initiating and case managing a civil claim, see Ireland-Progressing and managing a High Court civil claim further elements of Irish civil litigation, see: Ireland-Alternative dispute resolution and settlement-overview, which links to detailed guidance on specific...

Background to and scope of this flowchart An individual who conducts a regulated activity in the UK in the course of business, where no relevant exclusion or exemption applies, must be authorised under the Financial Services and Markets Act 2000 (FSMA 2000). For details and context on the consequences of carrying on a regulated activity without authorisation, consult Practice Note: The general prohibition and implications of its breach. For an explanation of what it means to carry on business in the UK, see Practice Notes: What does 'by way of business' mean? and Territorial scope of the general prohibition. For guidance on exemptions and exclusions that may apply in particular circumstances, refer to Practice Notes: Regulated activities—exempt persons and Exclusions and exemptions relating to the general prohibition—an introduction...

Within Scotland, minor offences proceed by way of a summary complaint. Summary procedure is governed under Part IX of the Criminal Procedure (Scotland) Act 1995...

This Flowchart explains when exactly a creditor may commence action against a debtor once a letter of claim has been issued in line with the Pre-Action Protocol for Debt Claims (the Protocol)...

In this issue: Key developments and materials Electricity and gas market regulation and licensing Networks and network connections Conventional power, waste to energy, biomass, and CHP projects Nuclear energy Air emissions, efficiency, and climate change International energy Daily and weekly news alerts New and updated content Dates for your diary Trackers Key developments and materials Friends of the Earth has won a pivotal High Court judgment against the government, with the court ruling that the climate strategy advanced by the Secretary of State for Energy Security and Net Zero is unlawful. The court determined that adopting the Carbon Budget Delivery Plan contravened the Climate Change Act 2008. See: LNB News 03/05/2024 70. Electricity and gas market regulation and licensing Ofgem has released its conclusions on the consultation regarding updates to the licence fee cost recovery principles (LFCRP) and issued the LFCRP for May 2024. After reviewing consultees’ submissions, Ofgem confirmed it...

Petrofac Ltd [2025] EWHC 2887 (Ch) What was the background? Petrofac Ltd (the Company) is a Jersey-incorporated entity, headquartered in London, that functions as the holding company of the Petrofac Group. Its operations comprise owning shares in subsidiaries, delivering management services, and making loans to other Petrofac Group members. Confronted with financial difficulties, in late 2024 the Company promoted a restructuring plan under Part 26A of the Companies Act 2006 (the Part 26A plan). Although sanctioned at first instance, dissenting creditors appealed and the Court of Appeal set aside the sanction order. In the wake of that ruling, the Company assessed the feasibility of a business disposal or raising further capital, which evolved into a proposal for senior creditors to acquire the business via a pre-pack administration. Those workstreams progressed in tandem with an application for permission to appeal to the Supreme Court; permission was ultimately refused on the basis that the Company had reached an agreement in principle on an alternative restructuring proposal. The landscape then changed...

In this issue: UK NSI 2021 EU antitrust EU competition policy EU State aid LexTalk®Competition: a Lexis®Nexis community Daily and weekly news alerts New and updated content Caselex UK NSI 2021 High Court refuses application for interim relief by FTDI Holding regarding national security order to sell its shares in Future Technology Devices International Limited The High Court has handed down its judgment in FTDI Holding Ltd v Chancellor of the Duchy of Lancaster, arising from FTDI Holding Ltd’s attempt to obtain interim relief against the defendant’s direction requiring it to divest its 80.2% interest in Future Technology Devices International Limited (FTDI). The proceedings addressed FTDI Holding’s request to pause enforcement of that order. The court declined to grant the interim relief sought. Background On 5 November 2024, following a national security assessment, the Government made a final order under section 26 of the National Security and Investment Act 2021 (NSIA 2021). The...

Allocation of jurisdiction within the UK under the CJJA 1982 This Practice Note explores how jurisdiction is apportioned across the UK under the Civil Jurisdiction and Judgments Act 1982 (CJJA 1982). It examines the scope of that regime and the conditions that must be satisfied for it to apply, and considers its interaction with Regulation 1215/2012, Brussels I (recast) (the Regulation). It sets out the primary rule together with the departures from it, and, lastly, addresses forum non conveniens in this setting. The CJJA’s intra-UK jurisdiction framework is designed to furnish rules allocating jurisdiction inside the UK itself. Distinct rules and factors arise when assessing whether UK courts possess jurisdiction over a claim that contains an international dimension. The UK comprises four countries, yet there are only three legal jurisdictions, and CJJA 1982, s 50, describes each as ‘parts of the UK’. England and Wales Scotland Northern Ireland Practitioners in England engaged in cross-border disputes must be cognisant of a range...

ARCHIVED: This Practice Note is archived and not kept up to date. Practical implications of West Tankers In short, the current position arising from the West Tankers saga (so far) is: Any EU Member State court seised of proceedings must rule on its own jurisdiction to determine the dispute. Under Brussels I and Brussels I (recast), courts of another Member State cannot remove that competence from it. An arbitral tribunal has jurisdiction to award damages for breach of an obligation to arbitrate. Where jurisdiction is disputed (as it often is), consider advising clients to obtain a standalone final award addressing jurisdiction at the outset, and then seek to have it recognised and enforced by the court (the application would be made under the procedure set out in CPR 62). This should prevent a conflicting court judgment taking precedence, on the basis of issue estoppel. Thereafter, the parties can proceed to the liability and quantum issues within the arbitration. West Tankers—the...

Waste Electrical and Electronic Equipment Regulations 2013 (SI 2013/3113), as amended, implement Directive 2012/19/EU (recast WEEE Directive) and replace the Waste Electrical and Electronic Equipment Regulations 2006 (SI 2006/3289). Rooted in the principle of ‘extended producer responsibility’, they place obligations on producers to manage the environmental impacts of their products, particularly at the ‘end of their life’ when they become waste. Producer compliance schemes Under WEEE 2013, reg 14, any producer placing five tonnes or more of EEE on the UK market in a year must join a Producer Compliance Scheme (PCS). A PCS supports compliance and arranges for collected WEEE to be sent to an Approved Authorised Treatment Facility (AATF) or an Approved Exporter (AE) for treatment in the UK or overseas. For further details on producers’ duties, see Practice Note: WEEE—producer obligations. Applications for approval A PCS must be approved by the Environment Agency (EA) for applicants based in England, and by Natural Resources Wales (NRW) for applicants based in Wales...

ARCHIVED This Precedent is archived and no longer maintained. It, together with its drafting notes, may still be used for proceedings begun in the courts of England and Wales at any time, provided the related case in an EU Member State court was issued on or before 31 December 2020 and the transitional jurisdiction provisions in Articles 67 or 69 of the Withdrawal Agreement are satisfied. For guidance on whether Brussels I (recast) applies, see Practice Note: Brussels I (recast)—application to the UK post IP completion day (jurisdiction) [Archived]. Related precedents For a supporting witness statement, see Precedent: Witness statement in support of application for stay under art 30 of recast Brussels Regulation. For draft orders, see: Court order for an application to stay proceedings under art 30(1) of Brussels I (recast) or Court order for an application to stay proceedings under art 30(2) of Brussels I (recast). General points The application should be brought within the period allowed by...

Practical considerations arising from the UK leaving the EU are set out in the general drafting notes to this Precedent. Filed and submitted on behalf of the applicant Witness statement in respect of [ enter initial and surname of witness ] Statement number: [ enter the number of this witness’s statement ] Exhibit details: [ enter initials and the number for each exhibit cited ] Date on which the statement was made: [ enter date ] Claim No. [ enter claim number ] [ IN THE HIGH COURT OF JUSTICE [ BUSINESS AND PROPERTY COURTS [ OF ENGLAND AND WALES OR IN [ enter location ] OR [ specify division ] [ specify specialist court ] [ enter location ] DISTRICT REGISTRY THE COUNTY COURT AT [ enter location ] [ BUSINESS AND PROPERTY COURTS LIST Between: [ enter party ] Claimant/Respondent and [ enter party ] Defendant/Applicant [ Witness statement number, e.g., first ] WITNESS STATEMENT OF...

ARCHIVED : This Precedent has been archived and is not maintained. This Precedent, together with the associated drafting notes, is intended for use in proceedings commenced in the courts of England and Wales at any time, provided that the related proceedings in the EU Member State court were commenced on or before 31 December 2020 and the transitional provisions on jurisdiction in Articles 67 or 69 of the Withdrawal Agreement have been satisfied. Filed on the applicant’s behalf Witness statement of [ insert initial and surname of witness ] Witness statement number: [ insert number of witness statement in relation to the witness ] Exhibit details: [ insert initials and number of each exhibit referred to ] Date the statement was made: [ insert date ] [ Date of translation: [ insert date ] ] Claim No. [ insert claim number ]...

In this Q&A, the title deeds were not received at all, rather than being mislaid or destroyed. Where deeds are absent or have been destroyed, a first registration application must explain the circumstances that led to their loss or destruction. HM Land Registry assesses each matter on its individual merits, but where the evidence does not convincingly establish those events and place the title’s history beyond doubt, it will usually award only a possessory title. For additional guidance, see Practice Note: Deducing title to unregistered land—stamp duty, mortgages, execution of documents, missing title deeds, sales of part and other considerations. First registration of title if deeds have been lost or destroyed Rule 27 of the Land Registration Rules 2003 (LRR 2003), SI 2003/1417, was amended by the Land Registration (Amendment) Rules 2008, SI 2008/1919, Schedule 1, rule 4(1), paragraph 8(1), and recast under the heading: ‘First registration applications based on adverse possession or where title documents are otherwise unavailable’...