The UK’s banking regulator, the Prudential Regulation Authority ("PRA") has issued a consultation on its approach to the treatment of branches of international banks operating in the UK (CP11/24). Among the proposals is a…
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/ Business Organizations, Finance & Banking, International Law & Trade
In this week’s edition, we discuss the Swiss Government’s rejection of a landmark ruling that the country had violated the human rights of a group of its citizens by failing to take adequate action on climate change; a report…
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/ Environmental Law, International Law & Trade
The UK’s Financial Conduct Authority ("FCA") Sustainability Disclosure Requirements and investment labels regime ("SDR") was originally scheduled to come into force from 2 December 2024. In order to allow firms to deal with the…
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/ Environmental Law, Finance & Banking, Securities Law
As we reported in June, the Supreme Court handed down a decision in Cantero v. Bank of America on bank pre-emption matters that remanded cases decided by three different Circuit Courts, finding that the courts did not apply the…
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/ Commercial Law & Contracts, Conflict of Laws, Consumer Protection, Finance & Banking
The following article is part three of our series on the 2022 Amendments to the UCC. Please read the first two articles for context. I am going to get right to the point here – the reason that the definition of money has been…
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/ Commercial Law & Contracts, Finance & Banking, Science, Computers, & Technology, Securities Law
As many already know, I recently returned to the office after taking parental leave to be home with my baby girl. In my first Fund Finance Friday article since returning from leave, I would like to take this opportunity to…
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/ Law Practice Products & Services
The following article is part two of our series on the 2022 Amendments to the UCC. Please read the first article for context. The discussion below is divided such that the first section discusses the edits made in the 2022…
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/ Commercial Law & Contracts, Consumer Protection, Finance & Banking, Securities Law
On September 10, 2024, the U.S. Court of Appeals for the Third Circuit held in In re The Hertz Corporation that unsecured creditors of a solvent debtor are entitled to receive the contractual rate of interest, rather than…
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/ Bankruptcy, Business Organizations, Commercial Law & Contracts
Welcome to this series of articles in Cabinet News & Views where we will be reviewing changes to the Uniform Commercial Code ("UCC"). Before I lose folks, let me explain why . . .
The UCC is our basic contracting law in the…
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/ Commercial Law & Contracts, Finance & Banking, Securities Law
In this week’s edition, we discuss a drop in support for ESG shareholder proposals at one of the world’s largest asset managers; a decision by a U.S. federal court to strike down an anti-ESG investing rule in Missouri; and…
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/ Environmental Law, Finance & Banking, Securities Law
Liquidity solutions are a topic du jour in fund finance. With bank balance sheets somewhat restricted by macroeconomic concerns and risk-weighted asset regulations, fund finance borrowers and lenders have sought creative ways to…
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/ Commercial Law & Contracts, Finance & Banking, Mergers & Acquisitions
In this week’s edition, we discuss the UK’s advertising regulator’s continued focus on greenwashing enforcement – this time, in relation to Virgin Atlantic and its use of sustainable aviation fuel. We also discuss the latest…
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/ Business Organizations, Consumer Protection, Environmental Law
In ongoing litigation between the government and Liberty Global Inc. (“Liberty Global”), Liberty Global has appealed a district court’s decision that ruled in favor of the government to the Tenth Circuit. We have previously…
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/ Business Organizations, International Law & Trade, Taxation
The Inflation Reduction Act of 2022 (the “IRA”) allows firms to develop and sell clean energy tax credits. Now that most of the key guidance has been finalized, here is everything you need to know about energy tax credit sales…
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/ Energy & Utilities, Environmental Law, Taxation, Zoning, Planning & Land Use
The United Kingdom (“UK”) has specific corporate tax rules on the taxation of loan relationships (parts 5 and 6 of the Corporation Tax Act 2009 (the “Loan Relationships Regime”)). The Loan Relationships Regime contains rules at…
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/ Business Organizations, Finance & Banking, International Law & Trade, Taxation
