Yearly Archives: 2024

ISSB Sustainability Reporting Standards and Certain Jurisdictional Observations

On June 26, 2023, the International Sustainability Standards Board (“ISSB”), an organization established by the IFRS Foundation to develop sustainability standards, issued two sustainability reporting standards — IFRS S1 General Requirements for Disclosure of Sustainability-related Financial Information (“IFRS S1”) and …

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Secret commissions

Background Brokers within the financial services industry will usually be regarded legally as agents for principals. As such, they will qualify as a fiduciary, namely someone who has undertaken to act for or on behalf of another in a particular …

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What is the Leasehold and Freehold Reform Act 2024

On 24 May 2024, the Leasehold and Freehold Reform Act received royal assent. The Act focuses on granting leaseholders greater security, transparency of information and further freedom to manage their own buildings and challenge service charges. Regardless of which political …

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Piggy Banks to Portfolios: can children hold shares in a company?

There are no statutory restrictions on shares in a private limited company incorporated in England and Wales being held by a minor. However, there may be restrictions in the company’s articles of association and/or shareholders’ agreement. You should therefore always …

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Ensure that you insure (Part 1)

Aidan Grant speaks to Christiaan van den Hout from Vie International about the use of life insurance in US/UK planning. Run time: 28 minutes Securities and investment advisory services offered through M Holdings Securities, Inc a registered broker/dealer and investment …

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Keir Starmer launches Labour manifesto

Partner James Austen comments on Labour’s refusal to rule out a rise in Capital Gains Tax (CGT): “While not one of their manifesto commitments, Labour has not ruled out increasing CGT rates. In fact, Sir Kier Starmer has repeatedly refused …

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Push Payment Fraud – Is there a duty on banks to retrieve lost funds?

A recent High Court decision has examined the responsibilities of banks to retrieve funds lost in authorised push payment (“APP”) fraud scams. Readers will recall the 2023 case of Philipp v Barclays, in which the Supreme Court declined to extend …

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ESG: The new FCA Anti-Greenwashing and Sustainability Rules

Background The new rules stemmed from the FCA’s concerns surrounding customers being able to make informed decisions about products which would meet their sustainability preferences. It has become very common for consumers (both individuals and companies) to factor in ESG …

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The new FCA Anti-Greenwashing and Sustainability Rules

Head of Dispute Resolution Robin Henry and Associate Abbie Coleman discuss the FCA’s new rules and guidance on anti-greenwashing and sustainability, with the anti-greenwashing rule due to come into effect very shortly on 31st May 2024. Topics covered include: What …

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English courts preferred in divorce for rigorous disclosure process

In the contentious divorce proceedings between Channing Tatum and Jenna Dewan, Tatum accuses Dewan of causing delays that could increase her share of the post-separation growth of his Magic Mike franchise. This case highlights a common issue in high-profile divorces, …

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