12 January 2021
Executive remuneration and accountability – the revised APRA CPS 511 Remuneration
On 12 November 2020, the Australian Prudential Regulation Authority ( APRA ) released a revised draft Prudential Standard CPS 511 Remuneration for consultation ( Revised Draft CPS 511 ). The revised standard has moved away from the prescriptive requirements of the initial consultation draft,...
07 July 2020
Governance: Key considerations for effectively managing remuneration arrangements during the pandemic (Australia)
One of the many issues companies are facing in light of the Covid-19 pandemic is how best to appropriately remunerate, incentivise and retain employee and executive talent as the pandemic continues to unfold. This article sets out five key issues for listed companies and their remuneration...
29 May 2020
HKMA publishes report on bank culture self-assessment
On 22 May 2020, the Hong Kong Monetary Authority ( HKMA ) published a report on its review of self-assessments on bank culture. This is part of the HKMA’s bank culture reform supervisory measures, where 30 authorised institutions ( AIs ) were selected in the initial phase to conduct self-...
12 March 2019
Latest Shake-up of the Remuneration Provisions for Banks and Investment Firms Part 2: Banks and credit institutions
After over two years of debate, agreement has finally been reached on the proposed directive amending the Capital Requirements Directive (which is generally being titled CRD5 ), and the European Council has published its final text. As detailed in our previous briefing ( Part 1 ), however, the...
11 March 2019
Latest Shake-up of the Remuneration Provisions for Banks and Investment Firms Part 1: Investment Firms
Agreement has now been reached between the European Parliament, the Commission and the Council on the final texts of two Directives which will impact on the remuneration provisions which apply to banks and investment firms. The first is the Investment Firms Directive ( IFD ), which will introduce a...
09 July 2018
Shareholder activism – new tactics, new players and a change in tone
Shareholder activism continues to grow in the UK as it does globally, both in terms of capital deployed and the publicity it attracts. While shareholder activism is not a new concept in the UK, the type of investors involved in activist campaigns, the companies that they are targeting, the tools...
01 May 2018
Lighter touch, or more of the same? MAS issues consultation paper on proposed guidelines on individual accountability and conduct
On 26 April 2018, the Monetary Authority of Singapore ( MAS ) issued a Consultation Paper on its proposed, and much-anticipated, senior manager accountability regime in the form of ‘Guidelines on Individual Accountability and Conduct’ ( Guidelines ). The Consultation Paper comes soon after the...
09 November 2017
Investment Association's updated guidance on executive remuneration
The Investment Association has published an updated Principles of Remuneration for 2018. The update will be of interest to all listed companies, who also need to keep an eye open for the upcoming revisions to the UK Corporate Governance Code, a consultation on which is expected later this month.
22 September 2017
IMPORTANT CHANGES TO RULES ON AGREED COLLECTIVE TERMINATIONS (rupture conventionnelle collective)
ORDONNANCE ON THE PREDICABILITY OF WORKING RELATIONS AND SECURING THESE WORKING RELATIONS This briefing summarises the Macron reforms in relation to the introduction of a new codified right to make collective terminations by agreement (outside of a social plan). This is a change from the current...
21 September 2017
'ORDONNANCE' ON THE PREDICABILITY OF WORKING RELATIONS AND SECURING THESE WORKING RELATIONS: IMPORTANT CHANGES TO RULES ON REDUNDANCIES
This briefing summarises the Macron reforms in relation to the simplification of redundancy processes: Limiting the economic difficulties test to the business sector in France exclusively Defining what is a business sector Reducing the redeployment obligations – limiting these to France For...
07 September 2017
THE LOI TRAVAIL – FUNDAMENTAL LABOUR LAW REFORMS IN FRANCE MOVING FRENCH LABOUR LAW TOWARDS THE REALITIES OF THE MODERN MARKET? - OVERVIEW OF THE KEY MEASURES
One of Emmanuel Macron's key campaign promises was the reform of laws relating to employees, in order to help French companies respond in a more flexible manner to the challenges they are facing and become more competitive in the global market.
07 September 2017
THE LOI TRAVAIL – FUNDAMENTAL LABOUR LAW REFORMS IN FRANCE MOVING FRENCH LABOUR LAW TOWARDS THE REALITIES OF THE MODERN MARKET? - CAPS ON TRIBUNAL DAMAGES
This is the first of our detailed briefings in relation to the Macron labour law reforms and will cover the subject of caps on tribunal damages.
15 September 2021
International Construction Law Conference 2021
King’s College London, Centre of Construction Law and Dispute Resolution, in collaboration with The Academy of Experts presents International Construction Law Conference 2021 Wednesday 15 September 2021 , held online and in person (restrictions permitting)* at King's College London starting at 09...
22 July 2021
Summary of key EU Merger Control developments
Members of the HSF Brussels competition team have written their annual chapter as a contribution to the latest edition of the highly-regarded Global Competition Review (GCR) EMEA Antitrust Review, which provides a comprehensive summary of key recent EU merger control developments. The publication...
22 July 2021
The future of lending to the oil and gas sector
Intense, continued focus on sustainability has put pressure on the oil and gas sector to openly demonstrate its efforts to effect change across the environmental, social and governance (ESG) spectrum. The sector is still a critical one for energy transition, and for ensuring access to energy in...
21 July 2021
How much detail of potential claims is needed prior to renewal?
When it comes to renewing “claims made and notified” policies (such as D&O insurance and Professional Indemnity), policyholders must be careful to disclose full details of any facts known to them which have the potential to give rise to a claim, otherwise they run the risk of disentitling...
21 July 2021
Inside Arbitration - Issue 12
Inside Arbitration is intended to give our clients a personal insight by sharing with you the perspectives of our international arbitration partners from across the globe. Our articles look at the global landscape for disputes and dispute resolution, commenting on regional trends in particular...
20 July 2021
The Bettor's Verdict – a Herbert Smith Freehills podcast on gambling law
This podcast, hosted by Steven Jacobs , will focus on unwinding the tangled web of US gambling laws past and present, telling the stories of the people affected by this sometimes-impenetrable and often-changing landscape, and providing insight on what will come next.
20 July 2021
Sustainable Lending in Real Estate Finance
Sustainability is now firmly at the top of the agenda, but the term has an enormously wide scope. Mirroring the approach of the bond market, two categories of sustainable loan are developing: sustainability-linked loans, where key performance indicators are used to set sustainability performance...
20 July 2021
Virgin Territory: What are the Implications of Restructuring Plans for Defined Benefit Pension Schemes?
The judgment in Re Virgin Active Holdings Limited  EWHC 1246 has empowered the use of restructuring plans under Part 26A to the Companies Act 2006 (‘RPs’) to compromise the rights of unsecured creditors based on evidence that they would receive little or no return on an insolvency.
19 July 2021
Full Federal Court gives Epic Games the green light to continue in its Australian proceedings against Apple – implications for competition enforcement
The Epic Games ( Epic ) v Apple proceedings are back in action, with the Full Court overturning the primary judge’s stay of the proceedings.
16 July 2021
Federal Ministry of Finance reacts to the ruling of the Fiscal Court of Hesse on cum/cum trades
The German Federal Ministry of Finance has now reacted to the ruling regarding cum/cum-trades of the Fiscal Court of Hesse dated 28 January 2020 by way of two decrees (dated 9 July 2021 which were published today), and amended the previous decrees of 2017 on the "Tax Treatment of Cum/Cum...
15 July 2021
A virtual tour of Australia’s favourite art prize – The Archibald Prize
As a Presenting Partner of the Art Gallery of NSW, and Legal Partner of The Archibald Prize, we are pleased to share with you The Archibald, Wynne and Sulman Prizes exhibition, available online as a 360-degree immersive experience that can be accessed anywhere, anytime. This self-guided visit shows...
15 July 2021
Australian Employment, Industrial Relations and Safety Podcasts
Join our experts as they discuss and share their views on the latest developments we are seeing in the employment, industrial relations and workplace healthy and safety space covering areas such as underpayment compliance, annualised salary provisions, industrial manslaughter laws and what key...
15 July 2021
Australian Employment, Industrial Relations and Safety Webinars
In case you missed it, you can access our previous Employment & IR briefing and Safety Leadership Series webinars below. Join our expert briefings for the latest developments we are seeing in the employment, industrial relations and workplace healthy and safety space. In these short sessions,...