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06/12/2022
CMS ranked as top em­ploy­er for so­cial mo­bil­ity
In­ter­na­tion­al law firm CMS has been ranked a top UK em­ploy­er for so­cial mo­bil­ity for the sixth con­sec­ut­ive year. The firm has ranked 19th in the 2022 So­cial Mo­bil­ity In­dex.Cre­ated in 2017, the So­cial...
05/12/2022
ESG and fin­ance
Sus­tain­able fin­ance and re­spons­ible in­vest­ment is an is­sue of glob­al im­port­ance which is front and centre of polit­ic­al, leg­al and mar­ket pri­or­it­ies.  
05/12/2022
CMS ad­vises Trust­ees of Mu­si­cians’ Uni­on Pen­sion Fund on trans­ac­tion with...
CMS ad­vised the Trust­ees of the Mu­si­cians’ Uni­on Per­man­ent Of­fi­cials and Staff Pen­sion Fund on the re­cent £13m bulk pur­chase an­nu­ity full buy-out trans­ac­tion by Aviva, the UK in­sur­ance, wealth & re­tire­ment...
01/12/2022
Eng­lish High Court hands down first judg­ment on the new ‘crypto’ ser­vice...
The Eng­lish High Court has gran­ted an or­der re­quir­ing a num­ber of crypto ex­changes to provide a vic­tim of fraud with in­form­a­tion re­gard­ing some of their cus­tom­er ac­counts and the where­abouts of the vic­tim’s...
01/12/2022
Syn­thet­ic LIBOR up­date: 3 month syn­thet­ic ster­ling LIBOR to cease end March...
On 23 Novem­ber 2022 the Fin­an­cial Con­duct Au­thor­ity (the “FCA”) an­nounced that the 3 month syn­thet­ic ster­ling LIBOR set­ting will cease per­man­ently at the end of March 2024. The FCA also launched a...
01/12/2022
Ul­tra-Low Emis­sion Zone to cov­er Great­er Lon­don from Au­gust 2023
On 25 Novem­ber 2022, the May­or of Lon­don an­nounced plans to ex­pand the Ul­tra-Low Emis­sion Zone (“ULEZ”) in or­der to bet­ter tackle air pol­lu­tion (the “ULEZ Ex­pan­sion”). This change is planned to...
01/12/2022
Eng­lish High Court hands down first judg­ment on the new ‘crypto’ ser­vice...
The Eng­lish High Court has gran­ted an or­der re­quir­ing a num­ber of crypto ex­changes to provide a vic­tim of fraud with in­form­a­tion re­gard­ing some of their cus­tom­er ac­counts and the where­abouts of the vic­tim’s...
30/11/2022
UK Tax Dis­putes Di­gest
Wel­come to the au­tumn 2022 edi­tion of our UK Tax Dis­putes Di­gest: a high-level sum­mary for heads of tax, fin­ance dir­ect­ors, gen­er­al coun­sel and oth­er in-house pro­fes­sion­als of key de­vel­op­ments in con­ten­tious...
30/11/2022
Ex­ec­ut­ive Re­mu­ner­a­tion
Link­ing ESG out­comes to ex­ec­ut­ive pay is now wide­spread, as com­pan­ies use their re­ward struc­tures to hold seni­or lead­ers to ac­count for their sus­tain­ab­il­ity ini­ti­at­ives.  Ac­cord­ing to re­cent re­search three in five FTSE 100 ex­ec­ut­ive bo­nus plans now have an ESG com­pon­ent. The move to­wards great­er sus­tain­ab­il­ity is driv­en by a range of factors; not only are in­vestors and the gen­er­al pub­lic in­ter­ested in this is­sue, but new reg­u­la­tion and cor­por­ate gov­ernance stand­ards play a role here too. It’s not all plain sail­ing. One of the chal­lenges with ESG is ac­cur­ately meas­ur­ing and bench­mark­ing stand­ards, and this is a key is­sue when draft­ing ESG pay and bo­nus re­lated con­di­tions. Em­ploy­ers should take ad­vice be­fore draft­ing these pro­vi­sions to un­der­stand what they need to do in re­la­tion to:leg­al and reg­u­lat­ory con­sid­er­a­tion­show their ex­ec­ut­ive re­mu­ner­a­tion pro­vi­sions fit with their long term ESG strategythe evolving ESG land­scape and fu­ture proof­ing their ap­proach share­hold­er and in­vestor views sec­tor/mar­ket prac­tice
30/11/2022
CMS ad­vises Balfour Beatty Pen­sion Fund Trust­ee on £1.7bn longev­ity trans­ac­tion
In­ter­na­tion­al law firm CMS has ad­vised the Trust­ee of Balfour Beatty Pen­sion Fund (the Trust­ee) in re­la­tion to its £1.7 bil­lion longev­ity trans­ac­tion with SCOR and Zurich As­sur­ance.CMS ad­vised on all...
30/11/2022
Busi­ness Rates: The ef­fect of the Au­tumn State­ment 2022
Sum­mary On 17 Novem­ber 2022 the Chan­cel­lor presen­ted the Au­tumn State­ment, which re­vealed a pack­age of sup­port to help with busi­ness rates worth a pro­jec­ted £13.6 bil­lion over the next 5 years.  The...
29/11/2022
CMS ad­vises FD Me­dia­groep on ac­quis­i­tion of IPE In­ter­na­tion­al Pub­lish­ers
In­ter­na­tion­al law firm CMS has ad­vised Dutch me­dia com­pany FD Me­dia­groep on the ac­quis­i­tion of IPE In­ter­na­tion­al Pub­lish­ers Ltd (IPE), a pub­lish­ing com­pany spe­cial­ising in the European pen­sion and in­vest­ment...