Publication
Government Investigations in Singapore 2025
We have contributed the Singapore chapter of Getting the Deal Through, Government Investigations 2025.
United Kingdom | Publication | September 2023
On September 18, 2023, draft regulations were laid before Parliament which set out equality provisions applying to occupational pension schemes under the Equality Act 2010 (EqA 2010). They are made under the restatement powers in the Retained EU Law (Revocation and Reform) Act 2023 (REUL Act), which allows "secondary retained EU law" (including directly effective EU Treaty rights) to be restated in regulations and also allows a restatement to use different words or concepts from those used in the original law to resolve ambiguities.
After December 31, 2023, retained EU law will cease to have effect in domestic law. The Government has accepted the outcome of two judgments and is restating them in legislation to provide certainty:
Both changes will be effected under the draft Pensions Act 2004 and the Equality Act 2010 (Amendment) (Equal Treatment by Occupational Pension Schemes) Regulations 2023 and will come into force "immediately before the end of 2023".
However, the draft regulations do not cover the Bauer judgment which involved assessing a member’s compensation in relation to a complex “risk-of-poverty threshold”. This means the effect of the judgment will fall away for schemes with assessment dates on or after January 1, 2024. The Government is still considering options on how to address the effects of this judgment for assessment dates falling before the end of 2023.
Publication
We have contributed the Singapore chapter of Getting the Deal Through, Government Investigations 2025.
Publication
The private credit market and direct lending have grown and diversified immensely in the past decade, offering alternative sources and terms of debt compared to those historically provided by the syndicated leveraged loan and public issuance markets. Consequently, they are fast becoming pivotal components in the capital ecosystem, so much so that the Bank of England consider that the private credit market is currently responsible for approximately $1.8 trillion of debt issuance, which is four times its size in 2015. This growth has been particularly pronounced in Europe and the US but there has also been significant activity in Asia.
Publication
The EU’s Artificial Intelligence Regulation, commonly referred to as the AI Act, is expected to come into force during the summer of 2024 (the AI Act). The AI Act will be the first comprehensive legal framework for the use and development of artificial intelligence (AI), and is intended to ensure that AI systems developed and used in the EU are safe, transparent, traceable, non-discriminatory and environmentally friendly.
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