Government announces £80m investment to cut emissions from homes and industry

As part of its decarbonisation agenda the Government has announced that it will invest nearly £80 million towards reducing carbon emissions across homes and energy intensive businesses. The announcement forms part of wider efforts to ensure the UK meets its legally binding target to reach net zero emissions by 2050.

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On-demand webinar: Employee engagement and future HR trends

Andrew Rayment and Charlotte Smith (both Employment) presented a live Q&A webinar discussion on ‘Employee engagement and future HR trends’. Walker Morris employment lawyers were joined by Lisa Rowlinson-Brown, People Director at Symington’s, Steve Joyce, HR Director at Airedale International Air Conditioning and Catherine de la Poer, Leadership Developer at Halcyon Coaching.

Government announces moratorium on coronavirus-related commercial forfeiture

Along with other unprecedented measures to protect the public and the economy, the UK government announced on 23 March 2020 that commercial landlords are to be precluded from forfeiting commercial leases and evicting the tenant for non-payment of rent. This measure was originally in place until 30 June 2020 however has been extended until 30 September and will be reviewed thereafter.

Capital Markets Update – July 2020

June’s news ICSA publishes updated risk committee terms of reference On 1 June 2020, the Chartered Governance Institute (ICSA) published an updated version of its Terms of reference for the risk committee. The terms of reference are particularly relevant to regulated companies such as banks and insurance companies. ICAEW publishes an introductory guide to dividends […]

Latest Briefings

New legislative regime for virtual asset service providers

The Virtual Asset (Service Providers) Law, 2020 was gazetted on 25 May 2020 and will come into force upon issue of a commencement order in due course. The Law represents Cayman’s first legal framework for the registration, licensing and supervision of virtual asset service providers conducting business in the Cayman Islands.

Dishonesty: A change of approach

On 29th April 2020, following the decision in the case of R v Barton and Booth [2020] EWCA Crim 575, the Court of Appeal identified that the two-limb test for dishonesty as identified in the case Ghosh, is no longer the approach to be taken.

Cybersecurity requirements for licensees

Entities regulated under the Insurance Law will need to implement cybersecurity measures in proportion to their cyber risk profile by 27 November 2020 following the release of the Rule and Statement of Guidance on Cybersecurity for Regulated Entities by the Cayman Islands Monetary Authority on 27 May 2020.

Wirecard – has the German financial regulator lost its immunity?

The German regulator BaFin is being sued for abuse of authority following one of the biggest fraud scandals of the decade with German payment processor, Wirecard AG, filing for insolvency owing €3.5bn and its chief executive arrested on suspicion of accounting fraud and market manipulation. This article explores the situation and considers the need for change.

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