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The EU Green Bond Standard: a welcome leap forward for sustainable finance? Following a lengthy period of negotiation between the co-legislators, the long-awaited EU green bond standard (the “EU GBS”) has been approved by the European Parliament and is set to be published shortly. First put forward as part of the European green d... EFIG: European Banking Newsletter – October 2023 Developments in this month's edition include: Climate-related litigation risks – ECB publishes speech EBA launches 2023 EU-wide transparency exercise MREL reforms – ECON publishes draft report Resolvability heat map – SRB publi... Architecture of a Global Plastics Treaty: Deconstructing the Zero Draft The Global Plastics Treaty negotiations aim to confront escalating challenges caused by transboundary plastic pollution. While existing international legal instruments target specific elements of the problem, the proposed treaty offers a unique opportunit... Competition & Regulatory Newsletter: Sustainability issues in merger review The treatment of sustainability issues in merger review is an increasingly hot topic. This interest is reflected in the September edition of the Competition Merger Brief, which notes that sustainability considerations are an increasingly relevant and impo... Hong Kong Spin-Off Listings: Key Considerations This publication highlights the key considerations for businesses contemplating a Hong Kong spin-off listing. Introduction This publication highlights the key considerations for businesses contemplating a Hong Kong spin-off listing. Spin-off listing re... Carve-outs: maximising value   Carve-outs have become ever more popular in recent years, as market players seek different ways to raise or return cash, maximise shareholder / fundholder value, optimise a company’s operations or change the strategic direction of a group. While t... Planning for RPI reform Reform of the Retail Prices Index (“RPI”) may expose issuers of, and investors in, RPI-linked securities to the risk of uncertainty in determining the applicable inflation rate for those securities after 2030. This will be particularly relevant for financ... Solvency UK - Reforms to the matching adjustment On 28 September the PRA published a consultation (CP19/23) on proposed reforms to the matching adjustment (MA). These follow on from the publications in June of draft statutory instruments by HMT and a PRA consultation on other aspects of Solvency II refo... SFC Amends the Hong Kong Codes on Takeovers and Share Buy-backs On 29 September 2023, the amendments to the Codes on Takeovers and Mergers and Share Buy-backs (the Codes) took effect. This follows the consultation made by the Hong Kong Securities and Futures Commission (SFC) on proposed changes to the Codes, all of wh... Competition Law in the Digital Age - October 2023 Our Competition Law in the Digital Age newsletter is intended to provide insights on modern-day competition law developments in a bite-sized format. This edition covers the ECJ's GDPR ruling, the German Lieferando probe, the French cloud market study,...