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BLOG: Modern Slavery Act 2015: Home Office Updates Statutory Guidance On 24 March, the Home Office published updated guidance (the Guidance) for companies producing modern slavery statements as required by the Modern Slavery Act 2015 (MSA). Its publication follows increasing criticism of the MSA as failing to hold... BLOG: Sustainable Loan Principles Updated On 26 March 2025, the loan trade associations published updated versions of the Green, Social and Sustainability-Linked Loan Principles (together, the Loan Principles) and related guidance material. The changes on this occasion are mostly clarif... BLOG: Timeline of ESG Developments in 2025 - Q2 Update The first quarter of 2025 has seen a flurry of developments in the world of ESG, from the UK government’s recent updated guidance for entities producing modern slavery statements as required by the Modern Slavery Act 2015 to the publication of the EU’s su... BLOG: EU Agrees Sustainability Omnibus ‘Stop-the-Clock’ Directive and Consultation Launched on the European Sustainability Reporting Standards Today, the European Council formally adopted the “stop-the-clock” Directive. This follows on from the European Parliament voting overwhelmingly to approve the proposal on 3 April 2025, with 531 votes for, 69 against and 17 abstentions. The Directive can n... BLOG: A New Age Dawns for Consumer Protection in the UK The Digital Markets, Competition and Consumers Act 2024 (DMCC Act) came into force on 6 April 2025, overhauling the UK’s consumer protection regime.  The Competition and Markets Authority (CMA) has heralded this as a “step-change in more direct, impa... BLOG: European Commission Publishes Updated EUDR Guidance, FAQs, and a Draft Delegated Act, in a Bid to Provide Further Simplifications This month, the European Commission published updated guidance, FAQs, and a draft Delegated Act for consultation, in order to “[provide] further simplifications and [reduce] the administrative burden to facilitate the implementation of the EU Deforestatio... BLOG: UK tax changes on the horizon How foolish I was for thinking that occasions such as an Autumn Budget or Spring Statement would no longer be followed by a “tax administration and maintenance day” (or TAMD). Admittedly, the current UK government has not used this term, but its “tax upda... BLOG: Competition Appeal Tribunal Rejects Proposed Claims in Water Collective Proceedings On 7 March 2025, the Competition Appeal Tribunal (CAT) delivered its judgment in respect of applications made by Professor Carolyn Roberts, the proposed class representative (PCR) for collective proceedings orders in parallel proceedings brought against s... BLOG: Transfer pricing, permanent establishment and diverted profits tax reform – draft legislation As we previously reported, on 28 April 2025 the UK government announced a technical consultation on draft legislation (the Draft Legislation) to reform the UK’s transfer pricing, permanent establishment (PE) and diverted profits tax (DPT) legislation. Res... BLOG: The Omnibus – complaints lodged about the process whilst the Council considers amendments Following agreement on the ‘stop-the-clock’ directive, which will delay the dates from which the EU’s flagship Corporate Sustainability Reporting Directive (CSRD) and Corporate Sustainability Due Diligence Directive (CS3D) will apply, attention has now tu...