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Government Investigations in Singapore 2025
We have contributed the Singapore chapter of Getting the Deal Through, Government Investigations 2025.
United Kingdom | Publication | December 2021
Nicola Parish has written a blog citing concerns about weakening employer covenants in the wake of the pandemic and due to current M&A activity.
Focussing on employers most likely to have been negatively affected by recent developments, the Regulator has apparently contacted more than 400 DB schemes to check they have properly considered the risk that their employer covenant has weakened. It is carrying out in-depth engagement with 30 schemes most at risk and has opened nine cases to explore whether further action would be appropriate.
The message for trustees is to be vigilant. This means ensuring they are kept informed of the financial health of their employer and strategic plans, regularly assessing risks and undertaking contingency planning so they can respond quickly to events.
The Regulator says it wants to support trustees but will use its enforcement powers if the scheme is not being treated fairly by employers or if trustees are not acting in savers’ best interests.
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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