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On 20 April 2022, the FCA introduced new Listing Rules (LR) (LR 9.8.6R(9) and LR 14.3.33R(1)) which set board diversity targets and require that, as part of their ongoing listing obligations, in scope companies include a statement in their annual financial report detailing whether they have met the specified targets.
FCA takes no chances in implementing its Consumer Duty: what this means for insurers and intermediaries
As we flagged earlier this year, the FCA’s new Consumer Duty is perhaps the most important regulatory development in the UK this year. As we reach the FCA’s end of October deadline for firms’ boards to have scrutinised, challenged and ultimately agreed the implementation plan for this wide-ranging duty, the focus is turning to how to implement it in time for July 2023.
Following the publication of The Legal 500 UK 2023, we are proud to announce that the firm has once again achieved impressive rankings and recognition within the latest guide to leading law firms and lawyers.
Digital twin technology: the opportunities and risks of digital twins in construction and real estate
In this article, we look at the opportunities of digital twin technology for the construction and real estate industries, as well as potential risk factors.
In July 2022, the annual rate of UK inflation (10.1%) was the highest it has been since 1982, affecting the affordability of goods and services. The high rates of inflation are predominantly due to supply chain disruptions and consumer demand, and the substantial increases in energy prices.
Case review 21/09/2022
In a recent decision that particularly affects workers in the gig economy, the Fair Work Commission found that a Deliveroo rider was an independent contractor, and not an employee. The decision is a reminder to employers that comprehensive, written agreements assist significantly in the proper characterisation of worker relationships. In this article we review the decision and provide some key takeaways for employers.
In June 2022, we reported on the introduction of the Economic Crime (Transparency and Enforcement) Act 2022, which has now come into force as of 1 August 2022. Further guidance has now been released in respect of the Act’s main feature which is to introduce the Register of Overseas Entities at Companies House.
We are pleased to announce another key appointment to our growing corporate and commercial division. Partner Matthew Poli, who joins from (formerly) BLM, will be based in London but will work with clients globally on a broad range of non-contentious matters.
Case review 21/07/2022
The Supreme Court has ruled the correct method to calculate holiday pay entitlement for an employee with no fixed working pattern, namely, on the basis of average weekly pay over a 12-week reference period ignoring weeks not worked. Here, we provide a brief overview of the conclusion reached by the Supreme Court in Harpur Trust v Brazel and offer initial observations.
Today we announced the launch of our in-depth report, 'Rewriting the risk: Addressing the challenges of climate change', which finds that the underwriting practices of (re)insurers are a major catalyst for change among businesses in the ongoing climate crisis.