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Practice Note: Starting an appeal—destination of civil appeals gives guidance on the destination of the appeal. It looks at where an appeal should be started under CPR 52 and CPR PD 52A by reference to the level of court, level of judge, nature of claim and (depending on when the appeal is made) whether the order being appealed is final or interim. It also considers
Q&As
Regulation (EU) 2017/1129 (the Prospectus Regulation) regulates when a company needs to publish a prospectus in connection with the issue of securities or admission of securities to trading on a stock market. There are two triggers for the requirement to publish a prospectus and these are: • when transferable securities are admitted to trading on an EEA regulated market, such as the Main Market of the London Stock Exchange, or • when transferable securities are offered to the public in an EEA Member State A multilateral trading facility (MTF) is not an EEA regulated market and, as you correctly point out, admission of securities to an MTF (such as AIM) in itself does not trigger the requirement for a prospectus. However, where there is an offer of transferable securities to the public in conjunction with the admission of those transferable securities to an MTF,
NEWS
Law360, Expert analysis: Increasing numbers of legal claims are proceeding around the world alleging that the public were misled about the risks associated with climate change, resulting from fossil fuels and greenhouse gas emissions. Amy Lacey, partner, and Ayo Babatunde, associate at Fenchurch Law analyse the Hawaii Supreme Court’s decision in Aloha Petroleum Ltd v National Union Fire Insurance Co of Pittsburgh and American Home Insurance Co.
NEWS
Law360, London: Two former City traders will appeal against their convictions for rigging interest rates before Britain's top court on 25 March 2025 in a case that could have implications for the premise that underpins the rate-rigging prosecutions of dozens of others in the wake of the 2008 financial crisis.
NEWS
Law360: Two traders convicted of manipulating benchmark interest rates have been granted permission to appeal their cases to the UK's highest court, their representatives said on 25 July 2024.
NEWS
Law360: An English appellate court on 21 May 2024 opened the door for two traders convicted of manipulating benchmark interest rates to appeal to the UK's top court but said that the justices must decide whether to hear the case.
NEWS
MLex: UK trader Tom Hayes’ decade-long battle to clear his name has ended in victory after the UK’s highest court today overturned his 2015 conviction for rigging a key benchmark rate. Handing down its judgment following a three-day hearing in March 2025, the Supreme Court ruled that Hayes’ original trial was ‘unfair’ and that his conviction must be quashed. The ruling marks a major blow for the UK’s Serious Fraud Office (SFO) which prosecuted Hayes and opens the door for all nine of its rate-rigging convictions to be overturned.
PRACTICE NOTES
Legislation and guidance Hazardous substances consents (HSCs) are regulated by the Planning (Hazardous Substances) Act 1990 (P(HS)A 1990), the Planning (Hazardous Substances) Regulations 2015 (PHSR 2015), SI 2015/627 in England and the Planning (Hazardous Substances) (Wales) Regulations 2015 (PHSWR 2015), SI 2015/1597 in Wales. Nuclear installations and radioactive substances are governed by a separate set of statutory controls. The government in England has published Planning Practice Guidance (PPG) on hazardous substances, which explains planning controls relating to the presence of hazardous substances in England and how to handle development proposals around hazardous establishments. The Health and Safety Executive (HSE) has also published guidance on hazardous substance consents, including HSE’s role as a statutory consultee on applications for HSC. Purpose of hazardous substance consents The presence of a hazardous substance on, over or under land above a threshold quantity requires an HSC from the relevant Hazardous Substances Authority (HSA) who will usually be the local planning authority (LPA). Examples of hazardous substances include ammonium nitrate, bromine, chlorine, and natural gas stored in quantities above the threshold
GLOSSARY
Any substances, whether solid, liquid or gaseous capable of causing harm to the health of living organisms or interference with the ecological systems of which they form part and, in the case of man, includes harm to his property.
PRACTICE NOTES
STOP PRESS: A revised version of the National Planning Policy Framework was published on 17 August 2026. This content is being reviewed in light of the revised version. Hazardous substances Hazardous substances include certain quantities of specified substances considered dangerous to human health and the environment. They are set out in the Planning (Hazardous Substances) Regulations 2015 (PHSR 2015), SI 2015/627 (in England) and the Planning (Hazardous Substances) (Wales) Regulations 2015 (PHSWR 2015), SI 2015/1597 (in Wales) and include ammonium nitrate, bromine, chlorine, and natural gas. These Regulations are made pursuant to the Planning (Hazardous Substances) Act 1990 (P(HS)A 1990). The fundamental concern of the planning regime insofar as it affects hazardous substances is to implement the land-use planning objectives derived from Directive 2012/18/EU, the Seveso III (the Archived Seveso III Directive) to reduce the risks and consequences of major accidents involving hazardous substances. The planning regime does this by regulating sites and installations where hazardous substances could be present or in the vicinity of which development is proposed in three main ways: • by imposing a requirement
PRACTICE NOTES
Substances which could pose a threat to human health or the environment are regulated in a variety of contexts: • in the workplace, via health and safety legislation • through planning controls, governing how and where substances may be stored • by ‘polluter pays’ legislation aimed at tackling damage to the environment Breaches of these regulations may result in criminal prosecution. In some circumstances, civil liability (negligence or nuisance) can also arise where damage is caused by a hazardous substance. Different categories of potentially hazardous substances are covered by the different sets of regulations. The Control of Substances Hazardous to Health Regulations 2002, SI 2002/2677 (COSHH Regulations 2002) (discussed further below) contain a broad definition covering essentially anything that could create a risk to health. The planning regulations in contrast contain a list, including named substances and categories of substance which present particular dangers such as toxicity or flammability. Certain substances, such as asbestos and radioactive materials, have dedicated legislation, discussed in the final section of this Practice Note. Liability in the workplace According to the