Publication
2nd Circuit defers to executive will on application of sovereign immunity
The Second Circuit recently held that federal common law protections of sovereign immunity did not preclude prosecution of a state-owned foreign corporation.
Financial Reporting Council publishes consultation on updated UK Stewardship Code
United Kingdom | Publication | November 2024
The Financial Reporting Council has published a consultation on proposed updates to the UK Stewardship Code.
The consultation builds on interim measures announced earlier this year, which included reducing the annual reporting burden while providing greater transparency for pensioners on how their money is being managed.
The Code, which is voluntary, is aimed at:
- Asset owners such as pension schemes, insurers, foundations, endowments, local government pension pools and sovereign wealth funds.
- Asset managers who manage assets on behalf of UK clients or invest in UK assets.
- Service providers such as investment consultants, proxy advisors, data and research providers that support asset owners and asset managers to exercise their stewardship responsibilities.
The consultation closes on February 19, 2025.
Partner
Email
lesley.browning@nortonrosefulbright.com
Recent publications
Publication
Key takeaways from the G7 Competition Summit on Artificial Intelligence
Facing the fast-growing development of AI across the globe, particularly Generative AI (GenAI), the G7 competition authorities and policymakers (Canada, France, Germany, Japan, Italy, the UK and the US) and the European Commission met in Italy on 3-4 October 2024 to discuss the main competition challenges raised by these new technologies in digital markets.
Subscribe and stay up to date with the latest legal news, information and events . . .