Publication
International arbitration report
In this edition, we focused on the Shanghai International Economic and Trade Arbitration Commission’s (SHIAC) new arbitration rules, which take effect January 1, 2024.
SPP publishes guide on new DB funding regime
United Kingdom | Publication | August 2024
The Society of Pension Professionals has published a useful short guide to the new DB funding regime which comes into force for scheme valuations effective on or after September 22, 2024.
Under the new funding regulations, the employer covenant has been legally defined for the first time. The SPP guide sets out questions in a flowchart form which direct trustees on how to assess the employer’s business prospects.
All DB schemes will be subject to the new funding regime and the guide is an accessible and recommended read for trustees of such schemes.
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Publication
ECJ confirms public tenders’ restrictions for companies from third countries with no procurement agreement with the EU
EU Member States may allow companies from countries that have not concluded an agreement guaranteeing equal and reciprocal access to public procurement (public procurement agreement) with the EU to participate in public tenders, provided there is no EU act excluding the relevant country.
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