Global law firm Norton Rose Fulbright has advised Microsoft on a long-term agreement for the purchase of high-quality engineered carbon removal units (CRUs) from C2X subsidiary, Beaver Lake Renewable Energy.

In 2025, the staff of the Commodity Futures Trading Commission issued two letters providing critical guidance as to the CFTC’s jurisdiction over entities engaged in cross-border futures and swaps transactions.

We’re pleased to announce that 11 lawyers from Norton Rose Fulbright Canada have been included in the 2026 Lexpert 500 Cross-Border Lawyers: A Guide to Doing Business in Canada (formerly known as Lexpert/ALM 500).

Global law firm Norton Rose Fulbright has advised Raya Financing Company on the approval it has received from the Saudi Capital Market Authority (CMA) to establish an Additional Tier 1 (AT1) perpetual Sukuk issuance programme and the offering of Sukuk under the programme on a “public offer” basis to investors in the Kingdom of Saudi Arabia.

Fifty-five percent of respondents believe overturning increased the number of lawsuits involving regulatory matters over the past 12 months.

In 2025, the USPTO updated its computer-implemented invention guidance on assessing subject matter eligibility, which has practical impacts particularly on machine learning or artificial intelligence innovations.

As artificial intelligence (AI) increasingly becomes a strategic driver within Canadian financial institutions, the regulatory framework governing the use of emerging technologies has also been significantly strengthened in recent years.

Labour market concerns are an area of increasing interest for competition authorities globally. Mark Daniels and Richard Whish KC (Hon) discuss this trend and, in particular, the “competing for talent” guidance the UK Competition and Markets Authority (CMA) published in September 2025.

The Finance Bill 2026 had its second reading in the House of Commons on December 16, 2025. This followed the Bill's first Commons reading on December 2, 2025, and its publication on December 4, 2025. No amendments were made to the Bill.

The Regulator published its annual overview of the occupational DB and hybrid scheme landscape in the UK, reporting on scheme status, membership levels and assets under management, on December 16, 2025.

In a statement released on December 18, 2025, the Pensions Minister, Torsten Bell, confirmed that the automatic enrolment thresholds for 2026/27 will be maintained at their 2025/26 levels. This follows the statutory annual review.

The Regulator has published a consultation on a revised collective defined contribution (CDC) code of practice to encompass the introduction of multi-employer CDC schemes for savers.

The Pensions Ombudsman has published information to help members (or other beneficiaries) of pension schemes understand the key issues that arise when a pension has been overpaid.

The DWP launched a consultation, “Trust-based pension schemes: Trustees and governance, building a stronger future” on December 15, 2025.

Targeted support is focused assistance for groups of individuals facing similar challenges. It aims to bridge the gap between generic help and bespoke, paid-for advice.

The FCA has published a consultation paper on rules to better support consumers using digital pension planning tools and those making DC transfer decisions without financial advice.

The Money and Pensions Service (MaPS) has published its latest progress update report, setting out how it has connected pension providers and schemes to the dashboards ecosystem.

The Regulator has launched its Pensions Data and Digital Industry Working Group to help the pensions sector identify opportunities to embrace digital, data and technology, including through the responsible use of new technologies such as artificial intelligence (AI).

We are proud to be ranked among the top Canadian law firms for FY 2025 by multiple prominent publishers who track legal advisory work on mergers and acquisitions in Canada.