Day: October 18, 2022

FT VIDEO: THE BREXIT EFFECT – HOW LEAVING THE EU HIT THE UK 

On 18 October, the Financial Times released this video, saying that the UK’s recent disastrous “mini” Budget can trace its origins back to Britain’s decision to leave the EU.  The economic costs of Brexit were masked by the Covid-19 pandemic and the crisis in Ukraine.  But 6 years after the UK voted to leave, the effect has become clear.  In this film, senior FT writers and British businesspeople examine how Brexit hit the UK economy, the political conspiracy of silence, and why there has not yet been a convincing case for a ‘Brexit dividend’.

https://www.youtube.com/watch?v=wO2lWmgEK1Y

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NEW BRITISH STANDARD ON MODERN SLAVERY SETS IMPORTANT BENCHMARK FOR BUSINESSES

On 18 October, an article from Out-Law says that the first-ever national standard on modern slavery has been published by the British Standards Institution (BSI), providing organisations with important guidance on managing modern slavery risks.  Coming into effect from 18 October, it is expected to play a key role in helping businesses to adopt best practices and align with the UN Sustainable Development Goals.

https://www.pinsentmasons.com/out-law/news/british-standard-modern-slavery-benchmark-businesses

https://knowledge.bsigroup.com/products/organizational-responses-to-modern-slavery-guidance/standard

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UK: LAW COMMISSION TO REVIEW HOW PRIVATE INTERNATIONAL LAW APPLIES TO DIGITAL ASSETS AND OTHER EMERGING TECHNOLOGY

On 18 October, the Law Commission said that its new project will consider the private international law challenges in international tech-related disputes, such as those involving crypto-assets (cryptocurrencies and NFT, for instance) and electronic trade documents.  It will develop reform proposals in a public consultation paper, due to be published in the second half of 2023.

https://www.lawcom.gov.uk/law-commission-review-to-examine-how-private-international-law-can-apply-to-digital-assets-and-other-emerging-technology/

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