Search for:
Category

UK

Category
In Employment

United Kingdom: Employment Rights – Is 2022 the year of enforcement? (Video Chat)

by , and 2 Mins Read

The Baker McKenzie London Employment team is delighted to welcome you back to our virtual mini-series, “Employment Rights: is 2022 the year of enforcement?”, with episode four, which is part two of our holiday pay focus during which we’ve explored key considerations for employers who are managing the thorny issue of holiday pay. This episode builds on that discussion with analysis of the Supreme Court’s recent decision in the Harpur Trust v Brazel case, which is likely to require many employers to change the way they calculate holiday pay for atypical workers such as casual, bank and zero hours staff (amongst others).

Read More
In ESG

United Kingdom: The Government unveils its critical minerals strategy

by and 5 Mins Read

On 22 July 2022, the UK government published a policy paper entitled “Resilience for the future: The UK’s critical minerals strategy” (UKCMS). The UKCMS outlines how the UK will secure critical mineral supply chains to ensure the energy transition. It also sets out the UK state support for domestic production of critical minerals as well as enabling the supply from third-party nations.

In Product Regulation & Liability

United Kingdom: The Consumer Duty – key changes in the final rules

by , , , and 2 Mins Read

On 27 July 2022, the FCA published its highly anticipated final rules and guidance on the new Consumer Duty, ushering in a fundamental cultural shift in the way that regulated firms will approach and serve customers, and starting the countdown clock for implementation plans across the industry.

In Employment

United Kingdom: Trade union law changes (agency workers and increase in damages) now in force

by , and 1 Min Read

Following the government’s recent announcement, Parliament has approved the removal of the prohibition on businesses using temporary workers to cover staff taking part in industrial action and increased the maximum amount of damages that a court can award against a trade union for unlawful strike action. These changes became effective on 21 July 2022.

Read More
In ESG

Africa: The impact of the G7’s multi-billion dollar plan on the continent’s infrastructure gap

by 6 Mins Read

The Partnership for Global Infrastructure Initiative (PGII) was launched in June 2022 at the G7 Summit in Germany. The PGII is a USD 600 billion lending initiative to fund infrastructure projects in the developing world, with a particular focus on Africa. One of the aims of the initiative is to help address the massive infrastructure investment gap in Africa.

In Employment

United Kingdom: Belief in ethical veganism that extends to breaking the law is not protected

by , and 2 Mins Read

An employment tribunal has held that a claimant’s belief in ethical veganism that extended to taking positive action to reduce or prevent the suffering of animals, which included criminal conduct such as trespassing on private property to expose and remove suffering animals, was not a protected philosophical belief under the Equality Act 2010.

In Product Regulation & Liability

United Kingdom: Treasury outlines forthcoming BNPL regulation

by and 7 Mins Read

On 20 June 2022, HM Treasury issued much-anticipated details on the forthcoming UK buy-now-pay-later (BNPL) regulatory regime. The Treasury’s approach to regulatory controls for agreements is essentially the same position that it took in its October 2021 consultation – a proportionate approach applying some but not all of the consumer credit regulatory principles, with regulations tailored to apply to BNPL as a bespoke product.

In AML & Financial Services Regulatory

United Kingdom: Treasury confirms changes to AML regulation and outcome of regime review

by , , , and 2 Mins Read

On 15 June 2022 HM Treasury published the outcome to its consultation on amendments to the Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017 (MLRs). The changes to the MLRs will be implemented through the Money Laundering and Terrorist Financing (Amendment) (No.2) Regulations 2022 Statutory Instrument. A draft of the Statutory Instrument and explanatory memorandum have also been published. The amendments bring the MLRs in line with updated FATF standards and fill gaps in the current operation of the UK’s AML regime, most significantly in relation to cryptoassets.

Read More
Load More