SFL meaning

In this issue: Advertising, marketing and sponsorship Agency and distribution Consumer protection Contracts E-commerce International Public procurement Supplier management LexTalk®Commercial: a Lexis®Nexis community Daily and weekly news alerts New and updated content Dates for your diary Trackers Advertising, marketing and sponsorship ASA rulings—31 July 2024 The Advertising Standards Authority (ASA) has flagged the Person(s) unknown trading as Mendio Life for inquiry after insights from its Active Ad Monitoring system. A Meta promotion by Mendio Life for an acupressure clip asserted medical effects for a device lacking the necessary conformity marking and absent from the Medicines and Healthcare Products Regulatory Agency (MHRA) register. This decision sits within the ASA’s wider work on advertisements asserting treatment for prostrate issues, as part of a consumer-protection drive against such claims. The ASA also received a complaint about Nultqh GB’s Meta advert for a prostate patch, which advanced medicinal claims for an unlicensed item. The...

In this issue Sustainable finance and ESG round-up Sanctions Shipping finance Project finance Trade and commodity finance Sustainable finance Debt capital markets Regulation for banking lawyers Daily and weekly news alerts New and updated content Useful information Sustainable finance and ESG round-up For this week’s coverage of Sustainable finance and ESG, see: Sustainable finance and ESG weekly round-up—1 August 2024. Sanctions UK insurer warns over collisions with Russian 'Shadow Fleet' A marine underwriter cautions that sanctions placed on the Kremlin following its invasion of Ukraine could prevent it from settling collision claims where vessels are insured by Russian rival IPJSC Ingosstrakh. For further detail, see News Analysis: UK insurer warns over collisions with Russian 'Shadow Fleet'. Russia (Sanctions) (EU Exit) (Amendment) (No 3) Regulations 2024 SI 2024/834: Exercising powers in the Sanctions and Anti-Money Laundering Act 2018 linked to assimilated law, these Regulations amend one item of UK secondary...

Banking & Finance—July to September 2024 case round-up Njord Partners Sma-Seal Lp and other companies v Astir Maritime Ltd and others [2024] EWHC 1682 (Comm) Facility agreement—false representations of assets The Commercial Court ruled for the claimant lenders under a facility agreement, holding the second and third defendants liable in deceit and conspiracy. That liability stemmed from false statements in documents purporting to set out asset values and ownership, which led the lenders to enter into the facility agreement. Lipton and another v BA Cityflyer Ltd [2024] UKSC 24 Aviation finance—compensation for delayed flights—rights accrued under an EU regulation prior to Brexit The Supreme Court dismissed Cityflyer’s appeal against the Court of Appeal (Civil Division), concluding that Cityflyer’s defence under Regulation (EC) 261/2004 to the respondent’s claim for financial compensation for a delayed flight was not made out. The appeal concerned compensation for a cancelled flight. The flight was cancelled because the pilot failed to report for duty due to illness and no replacement...