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PRA's consultation on amendments to the UK large exposures regime In this briefing we consider the potential effect of proposals in the PRA’s consultation paper (CP 14/24) published on 18 October 2024 to amend the large exposures (LE) regime.  Key takeaways The UK large exposures (LE) regime, which applies to UK ba... Employment Bulletin - October 2024 Topics covered in this bulletin: The Employment Rights Bill 2024; The Investment Association’s Principles of Remuneration; Supreme Court finds part-time referees could be employees; Guidance on the new duty to prevent sexual harassment; Horizon scanning T... UK Supreme Court confirms power to grant anti-suit injunctions in support of foreign-seated arbitration agreements The UK Supreme Court in UniCredit Bank v RusChemAlliance has issued its reasons for its unanimous decision in April to uphold an anti-suit injunction granted by the Court of Appeal requiring a party to cease Russian court proceedings brought in breach of ... Competition and Regulatory Newsletter: European Court of Justice rules on FIFA transfer rules On 4 October 2024, the European Court of Justice (CJ) held that FIFA’s international transfer rules for football players breached EU competition law and were comparable to ‘no poach’ agreements between clubs. The judgment adds to the growing body of case ... First English judgment on LIBOR transition - Standard Chartered PLC v Guaranty Nominees Ltd & others On 15 October 2024, the High Court handed down its judgment in Standard Chartered PLC v Guaranty Nominees Ltd & others, a case under the Financial Markets Test Case Scheme relating to the transition from LIBOR to alternative benchmark rates. We unders... Disputes Briefcase A regular digest of key developments in litigation and arbitration, produced by members of our market-leading disputes team. Disputes Briefcase A regular digest of key developments in litigation and arbitration, produced by members of our market-leading disputes team. Financial Regulation Weekly Bulletin - 24 October 2024 FCA launches new 'AI Lab' for financial services sector The FCA has launched a new ‘AI Lab’, seeking to support innovators as they develop new AI solutions while deepening its own understanding of the risks and opportunities AI presents to the financial services sector. The AI Lab has four components: AI Spotl... A "vote of confidence": the UK government welcomes a spate of investment in UK data centres The UK government has welcomed plans from four operators to invest £6.3 billion in UK data centre infrastructure, announced on Monday as part of the government’s International Investment Summit, as a “vote of confidence” in the UK.  Speaking at the Summit...