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Financing in 2026 Debt markets were resilient in 2025. Strong issuer fundamentals met with a more accommodating economic backdrop to drive higher volumes and tighter spreads across almost all areas of financing. Geopolitics of the Energy Transition The global energy system is undergoing a reconstruction. For decades, an open, trade-friendly, market-based order underpinned integrated supply chains and converging energy prices. That order is now fragmenting into competing regional coalitions creating... Harnessing headwinds As we head into 2026, there is continued demand for energy transition investments. The International Energy Agency’s World Energy Outlook 2025 reported that renewables met much of the 2% increase in total global energy demand in 2024, driven by rising... Trans-Atlantic Divergence in ESG agendas With 2026 now underway, we reflect on a year of significant global upheaval in the world of sustainability. After 2024’s plethora of elections, 2025 saw a raft of new legislatures and leaders pulling in very different directions, creating significant... Bright Spots in Real Estate Markets Against a backdrop of elevated geopolitical risk and tougher financial conditions, investment in traditional property sectors has stalled in the past few years both in terms of deal values and volumes. Nuclear energy: a new atomic age? Nuclear energy’s resurgence has continued at pace over the past year. Around the world, policymakers, developers and investors are showing renewed interest in conventional nuclear power, whilst the race to commercialise small modular reactors (“SMRs”) and... UK Corporate Governance reform – the latest instalment(s) As we move through 2026, the UK landscape for corporate governance continues to evolve. Companies are under sustained – and, in many areas, heightened - pressure to uphold robust governance standards. Implementing the Employment Rights Act 2025 The Employment Rights Act 2025 (the Act), described by Prime Minister Kier Starmer as “the biggest upgrade to workers’ rights in a generation”, was one of 2025’s most controversial pieces of UK legislation. It contains a sweeping set of reforms to... Priorities in focus: 10 years of competition law in Hong Kong In this briefing, we highlight some of the latest developments in 2025 and revisit some of the pivotal milestones in the first decade of Hong Kong’s competition law regime.   2025 marks a significant milestone for Hong Kong’s competition law regime –... The future of UK equity markets UK equity markets have entered a period of renewed optimism, bolstered by regulatory reforms, a rebound in IPO activity and a greater focus on increasing institutional and retail investment in UK equities.