header-logo header-logo

NLJ this week: ESG, anti-greenwashing regulations, the Energy Charter Treaty & remember the ‘S’

31 May 2024
Issue: 8073 / Categories: Legal News , Profession , Procedure & practice , Environment , Commercial , Company , EU
printer mail-detail
175048

NLJ serves up a triple helping of ESG (environmental, social and governance) articles this week, starting with Teja Pisk on the Financial Conduct Authority’s anti-greenwashing rule, in force on 31 May

Pisk, senior associate at Stevens & Bolton, explains what is required and why businesses need to act now, writing: ‘Those treading the line with their sustainability claims or ESG credentials may find themselves suddenly on the wrong side of new legislation and exposed to potential legal action.’

Álvaro Nistal, counsel, and Tim Smyth, senior associate, both Arnold & Porter, take an in-depth look at the implications of the UK’s exit from the Energy Charter Treaty. They look at what this means for foreign investors in the UK and UK investors abroad, what this means for the UK’s policy towards investor-state-dispute-settlement mechanisms more generally, and more.

Matthew Kay, partner and head of Vario, Pinsent Masons, and Mike Harvey, head of responsible business at Pinsent Masons, look at the opportunities for general counsel and their lawyers to ensure ESG ‘is at the heart of their strategy’, using examples such as Cadbury building a model village for its workers—‘so it’s clearly not a new phenomenon to recognise the link between happy and well-supported people and business success’.

Kay and Harvey champion the ‘S’ in ESG, and urge businesses to put their words into action.

MOVERS & SHAKERS

Freeths—Ruth Clare

Freeths—Ruth Clare

National real estate team bolstered by partner hire in Manchester

Farrer & Co—Claire Gordon

Farrer & Co—Claire Gordon

Partner appointed head of family team

mfg Solicitors—Neil Harrison

mfg Solicitors—Neil Harrison

Firm strengthens agriculture and rural affairs team with partner return

NEWS
The Crown Prosecution Service (CPS) has launched a recruitment drive for talented early career and more senior barristers and solicitors
Regulators differed in the clarity and consistency of their post-Mazur advice and guidance, according to an interim report by the Legal Services Board (LSB)
The Solicitors Act 1974 may still underpin legal regulation, but its age is increasingly showing. Writing in NLJ this week, Victoria Morrison-Hughes of the Association of Costs Lawyers argues that the Act is ‘out of step with modern consumer law’ and actively deters fairness
A Competition Appeal Tribunal (CAT) ruling has reopened debate on the availability of ‘user damages’ in competition claims. Writing in NLJ this week, Edward Nyman of Hausfeld explains how the CAT allowed Dr Liza Lovdahl Gormsen’s alternative damages case against Meta to proceed, rejecting arguments that such damages are barred in competition law
The next generation is inheriting more than assets—it is inheriting complexity. Writing in NLJ this week, experts from Penningtons Manches Cooper chart how global mobility, blended families and evolving values are reshaping private wealth advice
back-to-top-scroll