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Green Securitisations in Europe: Fifty Shades of Green In this briefing we discuss a number of factors that result in the slower rate of adoption of ESG securitisation issuances in the UK and Europe.   INTRODUCTION Recent years have seen ESG ascend to the top of corporates’ and market participan... European Commission clarifies sustainability rules in revised horizontal guidelines On 1 June 2023, the European Commission published its long-awaited revised guidelines on horizontal cooperation along with revised Horizontal Block Exemption Regulations on R&D and Specialisation agreements.  This briefing focuses on the sustaina... Water security and scarcity: rising up the political and corporate agenda Water security is a tier one issue for many societies and businesses, yet for years it has had a lot less attention than other sustainability-related issues, including greenhouse gas emissions reduction. The UN and the investment community are now bringin... BLOG: Hargreaves Property Holdings v HMRC: Beneficial entitlement and “yearly” interest The Upper Tribunal’s decision is a helpful ‘back-to-basics’ on the nature and purpose of the provisions on withholding tax on interest income and a good reminder that the courts are becoming increasingly comfortable with leveraging the Ramsay principle (b... Insurance Newsletter - June 2023 In this newsletter we discuss: the bulk annuity market, the introduction of the Consumer Duty, cyber risk for insurers, and ongoing COVID-19 business interruption cases. In this newsletter we discuss: The bulk annuity market The introduction of the C... Loan Market Association launches draft provisions for sustainability-linked loans In May 2023, the LMA published draft provisions for sustainability-linked loans (the Draft Provisions). In this briefing, we introduce the key components of the Draft Provisions, touch on the breadth of their application and consider how borrowers might u... International Green Hydrogen and P2X Export Projects: Key Considerations This briefing explores international green hydrogen projects and key considerations for developers of large-scale hydrogen projects with an export focus. A rapid acceleration in the global production of green hydrogen and its derivatives is required if ... New Regulatory Requirements for Virtual Asset Trading Platform Operators come into effect This briefing highlights the main features of the licensing regimes, the key requirements under the VATP Guidelines, details on the transitional arrangement, as well as practical steps for VATP operators.   INTRODUCTION The Securities and Futures C... (L)IBOR Transition: Headlines and deadlines The LIBOR transition process is in its final stages, with the final five USD LIBOR settings due to cease publication on 30 June 2023. Our latest briefing provides a reminder of the approach to LIBOR transition in loans, bonds and derivatives, and summaris... BLOG: And what about Brexit? During a debate on the Spring Finance Bill, Gareth Davies, Exchequer Secretary to the Treasury, emphasised the UK government’s intention to take “full advantage of the opportunities arising from the UK’s exit from the European Union”, and to “make the mos...