Publication
Government Investigations in Singapore 2025
We have contributed the Singapore chapter of Getting the Deal Through, Government Investigations 2025.
United Kingdom | Publication | February 2024
The Financial Markets Law Committee has published a report on pension scheme trustees’ evolving fiduciary duties and decision-making in relation to sustainability and climate change. The report is intended to provide an accessible explanation of the current legal position and the existing uncertainties and difficulties.
The paper notes that, although trustees have advisers and investment managers, the ultimate decision-making responsibility rests with the trustees. It also sets out the distinction between financial and non-financial factors and focuses on climate change as an important feature of sustainability in investing.
Trustees are being asked to consider and document their taking of climate change into account in their decisions under the Regulator’s new General Code. While neither the Code nor the Committee’s paper is binding on trustee decision-making, it may help trustees develop a clear policy in this area.
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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