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In this issue: Sustainable finance and ESG weekly round-up Economic Crime and Corporate Transparency Act 2023 Lending Acquisition finance Shipping finance Real estate finance Sustainable finance Debt capital markets Derivatives Regulation for banking lawyers Sanctions Daily and weekly news alerts New and updated content Useful information Sustainable finance and ESG weekly round-up For a summary of this week’s Sustainable finance and ESG developments, see Sustainable finance and ESG weekly round-up—14 November 2024. Economic Crime and Corporate Transparency Act 2023 Economic Crime and Corporate Transparency Act 2023 (Commencement No 3) Regulations 2024 (SI 2024/1108): Provisions in ECCTA 2023 on civil recovery of cryptoassets in Scotland took effect on 7 November 2024, and measures introducing the UK-wide offence of failure to prevent fraud will commence on 1 September 2025. See: LNB News 07/11/2024 12. Unique Identifiers (Application of Company Law) Regulations 2024 (SI 2024/Draft): These draft Regulations would widen...
A v N (R intervening) [2025] EWFC 371 (B) What was the background? The applicant wife (W) and the respondent husband (H) wed in March 1996 after living together for two years, amounting to a near three-decade marriage when the cohabitation is counted. The intervenor was W’s mother (R). The parties had five children; only the youngest, T, now aged 15, remains under 18, although several of the older children have continued to reside in the family property. The former matrimonial home (FMH) was acquired on 13 February 2012 in H and W’s joint names. It was accepted by both that the purchase would not have been possible without funds from R, and that from the outset the plan was for R to share the FMH with them. The completion statement recorded a £130,000 contribution from R towards the £881,161 price, described as a ‘mother gifted deposit’. The chosen property was specifically selected so that semi-independent accommodation could be constructed for R’s eventual occupation, identified in the judgment as...
In this issue: WTO Trade in goods Customs LexTalk® International Trade: a Lexis®Nexis community Daily and weekly news alerts WTO US halts financial contributions to the World Trade Organisation. MLex: The US has paused its financial contributions to the World Trade Organisation (WTO) while a review of all overseas aid contributions is undertaken, a US government official said. See News Analysis: US suspends financial contributions to World Trade Organisation. Trade in goods Trump announces semi-reciprocal tariffs on most US trading partners. MLex: President Donald Trump stated his administration is applying reciprocal tariffs on imports from US trading partners, totalling...
Interaction of matrimonial and other laws Marriage may alter the parties’ rights in one or more of the following respects in practice: Matrimonial contract and property regimes English law has long recognised that the law of the matrimonial domicile can import foreign notions of matrimonial contracts and property regimes. The extent to which any such regime governs only movables, or extends to immovables, remains uncertain at present. In June 2016, the EU brought in rules for recognising matrimonial regimes applicable to marriages and registered partnerships. Both mixed-sex and same-sex marriages and registered partnerships may fall within matrimonial property regimes as appropriate. Accordingly, recording a marriage or registered partnership can impact proprietary entitlements in practice. See Practice Note: Forced heirship and succession law — Matrimonial property regime for additional detail where relevant and necessary. Taxation Spouses and civil partners receive preferential tax treatment in many jurisdictions, including exemptions or reliefs on taxes on death or lifetime gifts, and also with respect to capital gains tax (CGT),...
The London Maritime Arbitrators Association (LMAA) Terms 2021 (the Terms) Where the parties agree, the London Maritime Arbitrators Association (LMAA) Terms 2021 (the Terms) govern arbitrations commenced on or after 1 May 2021. These Terms replaced the LMAA Terms 2017, which applied to references started between 1 May 2017 and 30 April 2021. If an arbitration agreement stipulates arbitration under the Terms, parties should ensure the procedural route is clearly understood. Second Schedule: the principal source of guidance on LMAA arbitral procedure. Body of the Terms: the tribunal’s procedural powers, especially paragraphs 15, 16 and 17. Sixth Schedule: additional guidance addressing the conduct of virtual and semi-virtual hearings. Fourth Schedule: guidelines aimed at enhancing the efficiency and cost effectiveness of LMAA arbitration. Taken together, these provisions set out how proceedings under the Terms should be conducted...
CASE HUB ARCHIVED This archived case hub reflects the position as at the decision of 4 May 2020 and is no longer maintained. For further details, see the timeline and commentary. Case facts Outline European Commission merger investigation into Aurubis AG’s proposed acquisition of Metallo Group Holding NV (Case M.9409). The deal features horizontal overlaps in the markets for copper and copper scrap destined for refining. Latest developments On 4 May 2020, the Commission cleared the transaction without conditions. Parties Aurubis AG (Aurubis) Germany-based Aurubis is a global supplier of non-ferrous metals and Europe’s largest integrated copper producer. It treats copper concentrates and scrap to make copper cathodes and refining by-products. It also supplies copper shapes and semi-finished copper, plus copper alloy goods including flat-rolled material, bars, rods and wires. Metallo Group Holding NV (Metallo) Belgium-based Metallo works in the recycling, processing and trading of non-ferrous metals. It refines copper scrap to produce copper anodes, copper cathodes, tin, lead...
Claim No. [ insert claim number ] In the COUNTY COURT AT [ insert ] Between: Mrs a.b. Claimant -and- C.d. Limited Defendant PARTICULARS OF CLAIM At all times relevant to these proceedings: The Defendant owned a bus, registration number [ insert registration number ] (“the bus”); The bus was driven and/or operated by a servant or agent of the Defendant (whose identity is unknown to the Claimant) whilst acting within the scope of their employment or agency (“the driver”). Accordingly, the Defendant is vicariously liable for any negligent acts or omissions and/or breaches of statutory duty committed by that employee or agent; The bus and the driver were governed by the Public Service Vehicles (Conduct of Drivers, Inspectors, Conductors and Passengers) Regulations 1990 (as amended) (“the Regulations”); and The Claimant was a fare-paying passenger aboard the bus. At or about [ insert time ] on [ insert date ],...