United Kingdom: The PRA’s recent Final Notice imposing a £4.165 million financial penalty on HDI Global SE (the Firm) is an important reminder for insurers of the importance of the FSCS levy, as well as the need for robust governance, clear accountability, and effective systems and controls in providing accurate tariff data. The decision demonstrates that weaknesses in governance surrounding regulatory reporting – whether they relate to levy calculations, capital or solvency – can amount to breaches of the PRA’s Fundamental Rules and significant enforcement action.

After reinstating its Opinion Letter Program, the U.S. Department of Labor has been  active in answering questions through the opinion letter process, with two more letters in July focused on aspects of the Fair Labor Standards Act and Portal-to-Portal Act.

United Kingdom: The UK’s cryptoasset regulatory framework is moving from policy development towards implementation. Businesses operating in, or providing services into, the UK will need to consider how the new regime may affect their activities, governance, systems and controls, customer journeys and authorisation strategy.

In Oasis World Trading Inc (Re), 2026 ONCMT 29 (Oasis), Staff of the Ontario Securities Commission (Staff) alleged (among other things, including unregistered trading, spoofing, wash trading and providing unauthorized direct electronic access (DEA) that Oasis World Trading Inc.

Australia: A fourth category of data centre asset is emerging that departs from conventional infrastructure financing models: AI-optimised facilities purpose-built for GPU-intensive training and inference workloads, spanning two sub-models: "true" AI facilities (operator owns both the shell and the GPU hardware) and GPU colocation (customer owns the GPUs). This article examines how AI-optimised facilities are structured, why neocloud counterparties present distinct credit challenges, and how the bespoke physical configuration of these assets creates re-leasing and residual value risks that constrain conventional bankability.

Australia: This article turns to enterprise data centres owned or controlled by end users for their own internal IT needs, illustrated by on-premises facilities of major banks,), government-operated data centres, and network carrier infrastructure.

Australia: This article is the introductory piece in a series of financing-focused analyses of the Australian data centre boom. The articles that follow turn from the policy landscape set out here to the market fundamentals, contractual structures and financing implications of each of the principal asset classes (wholesale and hyperscale, enterprise and government, hybrid platforms, retail and colocation, and AI-optimised facilities) before continuing in a second sub-series examining how data centre financing changes across the asset lifecycle, the continuing role of bank debt and portfolio financing (including expansion parameters and sustainability-linked features), and the growing role of private credit, institutional capital and securitisation.

Australia: This article turns to hybrid platforms that deliberately combine government or enterprise counterparties with hyperscale and AI-related deployments within a single operating entity...

Australia: The distinctions between hyperscale, enterprise and retail data centres share a defining feature: revenue is derived primarily from leasing physical infrastructure (space, power and connectivity) to customers who install and operate their own computing equipment. A fourth category of asset is now emerging that departs from this model.

Australia: This opening article begins with a market overview of data centre assets in the Australian market and how their revenue models, risk profiles and contractual structures influence financing outcomes. The rest of the article explores the most prominent asset class in the Australian market: wholesale or hyperscale data centres, focussing on how their revenue model, contractual structure and risk profile shapes financing outcomes.

Tanzania: Tanzania's Finance Act, 2026 marks an important shift in the country's mining investment landscape, not because it fundamentally amends the Mining Act itself, but because it changes the fiscal significance of framework agreements. While the only direct amendment to the Mining Act is the establishment of the Mineral Survey Fund under section 149A, the more consequential reforms are found in the tax legislation, where framework agreements have become the gateway to a range of construction-phase fiscal incentives, including excise duty remission, income tax exemptions and VAT relief. At the same time, Parliament has introduced stricter compliance obligations and penalties for misuse of those incentives. The reforms point to a broader policy shift.

United Kingdom: The revised AIM Rules for Companies (the AIM Rules) came into force on 5 August 2026. The amendments constitute the biggest changes to the AIM Rules in two decades and are designed to reinforce the market’s focus on growth for companies, founders and investors.

The application of the Construction Act's transition provisions, particularly section 87.3, and the definition of “improvement” and "owner," have been central to recent judicial interpretations in Ontario.

The Netherlands: In a recent tax dispute, the Paris Administrative Court of Appeal dealt with the issue of corporation tax deduction in lieu of intra-group trademark royalties paid by French subsidiaries to their foreign parent.

Costa Rica: Costa Rica’s real estate market continues to evolve. Today, the true competitive advantage lies not only in developing projects, but in the ability to strategically manage assets and maximize the value they generate over time. In this article, Eduardo Zúñiga, Managing Partner of our Costa Rica office, explores how the transition to Asset Management can transform real estate development, unlock new investment opportunities, and strengthen the sector’s competitiveness. Global transformations are also reshaping the way we approach urban development. At Dentons, we help our clients navigate that transformation and turn it into reality.

New Zealand: The Supreme Court of the United Kingdom has issued a judgment  concerning the standard of behaviour required of a company director, when the director genuinely disagrees with his or her fellow directors as to the best way forward for achieving success for the company.

New Zealand: In this edition of the Echo, with the general election on the horizon, we set out the key superannuation and KiwiSaver policies proposed by New Zealand's main political parties, and what those proposals mean in practice for employers. We also discuss the Employment Court's recent decision in Johnston v Te Whatu Ora, which clarifies the obligations on employers when making notifications about an employee to a professional body under the Health Practitioners Competence Assurance Act. Finally, we explore the question of whether New Zealand employers can lawfully offer targeted leave entitlements, such as caregiver or menopause leave, and what considerations arise when doing so, particularly in light of the incoming Employment Leave Bill.

The Trump Administration's campaign against diversity, equity, and inclusion (DEI) has moved from rhetoric to regulatory reality.

Canada: Join Heather Barnhouse, Partner in our Edmonton office, as she explores women in leadership and entrepreneurship, and the ecosystem that supports them. In this episode, Heather welcomes Rachel Mielke, founder and CEO of Hillberg & Berk. Rachel shares how she turned a kitchen-table jewelry business into one of Canada's leading retail brands. She discusses the realities of scaling a company, leading through uncertainty, and building a loyal customer community while staying true to the creative vision that inspired the business from the start.

Poland: On 4 August 2026, the Act amending the Labour Code and the Code of Civil Procedure was published in the Journal of Laws, introducing significant changes in the area of prevention of mobbing and unequal treatment in employment.