Tom d'Ardenne

Apr 5, 2024 | jdsupra.com | Ying-Peng Chin |Tom d'Ardenne |Brin Rajathurai

In 2027, the UK will introduce a carbon border adjustment mechanism (CBAM) on imports of certain carbon intensive goods. The CBAM will impose a charge on the emissions embodied in relevant imports that take place on or after 1 January 2027. Businesses that are directly or indirectly involved in the importation of relevant goods into the UK will be keen to decipher the CBAM’s implications.

Mar 7, 2024 | jdsupra.com | Jonathan Benson |Felise Cooper |Tom d'Ardenne

Creating an effective regulatory framework will be critical to deliver Net Zero. But does that mean more – or less – regulation? From trade agreements to taxonomies, carbon adjustment mechanisms to corporate sustainability disclosure rules, a vast array of regulatory frameworks have been introduced to accelerate decarbonisation. But as our research shows, the financing required to deliver Net Zero far outstrips current investment flows.

Feb 27, 2024 | jdsupra.com | Jonathan Benson |Philip Carstairs |Tom d'Ardenne

Who has to comply with the Regulation? The Regulation only applies to EU person exporters who are selling, supplying, transferring, or exporting the targeted goods (including aircraft) to third-country counterparts outside of the EU but who themselves are not in a partner country.

Dec 5, 2023 | jdsupra.com | Jonathan Benson |Tom d'Ardenne |Matthew Townsend

On 6 October 2023, the Court of Appeal handed down judgment in the case of Mints & ors v PJSC National Bank Trust & anor [2023] EWCA 1332. The judgment confirmed that the UK’s sanctions do not preclude the English courts from entering judgments in favour of sanctioned parties and that the UK HM Treasury’s Office of Financial Sanctions Implementation (OFSI) may issue licences authorising a sanctioned party to undertake various litigation-related activities, such as the payment of costs or damages.

Jul 27, 2023 | jdsupra.com | Ying-Peng Chin |Tamara Cizeika |Tom d'Ardenne

There are useful takeaways for EU and non-EU firms arising from the European Supervisory Authorities’ (ESA) latest thinking on greenwashing. In June 2023, the ESAs issued progress reports examining greenwashing risks and related policies in sustainable finance.