Samuel Hung

Welcome to the latest edition of our bi-monthly Regulatory Radar: quick takes update, which collates the latest developments from across the UK’s regulators. Highlights from this issue include a range of consultations on proposed changes and guidance updates in relation to the DMCCA, new packaging legislations in both the UK and EU, AI developments, and recent reports and strategies shared by regulators.

Introduction Background Judgment Comment Introduction In a landmark judgment, the Court of Final Appeal in Securities and Futures Commission v Subotic & Ors(1) held that the Securities and Futures Commission (the SFC) did not need the courts' permission to serve civil proceedings on overseas defendants where the courts had jurisdiction to hear the claim by virtue of a written law.

Introduction Background Decision Comment Introduction In Asahi Iwasawa & Associates Management Consultants Ltd v Shibakawa (Hong Kong) Ltd,(1) the Court of First Instance of the High Court held that the defendant's sanctioned payment in litigation which had been commenced in 2014 was a standalone payment that had not been conditional on acceptance of their simultaneous written offer to settle.