eAlerts Récentes

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  16/05/2024

  United Kingdom

  A Roadmap to the Overseas Funds Regime

  HM Treasury and the FCA jointly published a Roadmap on 1 May 2024 for implementing the Overseas Funds Regime (the “OFR”).  This follows on from the FCA’s December 2023 Consultation Paper on Implementing the OFR (see our previous article on this here). Who does this impact?Operators of EEA UCITS funds (excluding money market funds (“MMFs”)) that either are within the Temporary Marketing Permissions Regime (“TMPR”), or who wish to market to UK retail investorsUK Distributors of non-UK UCITS funds (excluding MMFs) with a UK retail...

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  16/05/2024

  United Kingdom

  ESMA releases Final Report on Guidelines for fund names using ESG or sus­tai­na­bi­lity-re­la­ted terms

  On 14 May 2024, ESMA released its Final Report setting out its finalised guidelines (the “Final Report Guidelines”) on the use of ESG and sustainability-related terms in investment fund names. Following the incorporation of feedback received from stakeholders and market participants to the proposals in the Consultation Paper released on 18 November 2022 (the “Consultation Paper Proposal”), several changes have been made to the Guidelines – which we summarise below.ESMA considers that fund names, as the first information seen by investors, can materially impact investors’...

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  16/05/2024

  Ukraine

  Ukraine changes rules for the military draft

  The Ukrainian parliament has adopted a number of laws changing the procedure, criteria and liability for non-compliance with the rules of the military draft in Ukraine. This new legislation includes the following: Law #3127-IX on Introducing Changes in the Law of Ukraine “On Military Obligation and Military Service” (Law 3127);Law #3621-IX on Introducing Changes in several Laws of Ukraine regarding Ensuring Rights of the Servicemen and Policemen for Social Protection (Law 3621);Law #3633-IX on Introducing Changes in several Legislative acts of Ukraine regarding Particular Issues...

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  16/05/2024

  Afrique du Sud

  Whistleblowers in the Rail Industry: the LAC gives one a green light, whilst another gets derailed

  Fraud, corruption and irregularities are an unfortunate reality within the South African landscape and those who dare to expose such malpractices, often facing significant professional and personal repercussions. Protection of such employees and available remedies in law are therefore crucial.  Interestingly, the Labour Appeal Court (“LAC”) has recently ruled on two such cases concerning whistleblowing, both arising in the rail industry, in respect of Mr. Solomon Kekana (“Kekana”), formerly from the Safety Regulator, and Ms. Onica Ngoye (“Ngoye”), formerly...

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  16/05/2024

  United Kingdom

  UK Tax Disputes Digest (Spring 2024)

  Welcome to the spring 2024 edition of our UK Tax Disputes Digest: a high-level summary of key developments in contentious tax over the last few months for heads of tax, finance directors, general counsel and other in-house professionals.As with previous editions, we have seen a continued increase in HMRC activity across various areas. Both individual and corporate taxpayers would be well-advised to check their tax position as soon as possible to prepare for any potential HMRC investigation into their tax affairs.In this edition, we look at just a few of these developments, including the latest...

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  16/05/2024

  Allemagne

  News from the CJEU on GDPR compensation

  Updated version of the article published on 25 January 2024The CJEU clarifies the requirements under Art. 82 GDPR. In addition, further CJEU rulings of practical relevance are pending.At the beginning of this year and at the end of 2023 the European Court of Justice (CJEU) published several rulings on the relevant standard damages under data protection law in Art. 82 of the European General Data Protection Regulation (GDPR), in which the CJEU concretised the requirements of Art. 82 GDPR in important and previously controversial points. The CJEU relied on its Judgment from 4 May 2023 (C-300/21)...

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