Regulatory reform

Regulatory reform

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The collective settlement regime starts to take shape

The Competition Appeal Tribunal recently granted the second ever collective settlement approval order, approving the settlement in the "Rail Fares" CPO between class representative Justin Gutmann and Stagecoach South Western Trains Limited ("Stagecoach"), one of two defendants to the action.[1] The Tribunal's judgment has significant implications for parties seeking the Tribunal's endorsement of a collective settlement and has given further shape to this emerging area. In this article, we briefly describe the settlement submitted to the Tribunal for approval, and then focus on four key takeaways from the Tribunal's judgment.

Beyond Supply Chains: new EU rules increase pressure on companies to adopt responsible business practices

The Corporate Sustainability Due Diligence Directive ("CS3D") was finally published on 5 July 2024, concluding a long and unprecedentedly turbulent legislative process. Businesses now have the certainty they need to start assessing whether they are in scope, and if so, what they need to do to comply with the demanding due diligence obligations under the law, and by when.

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