The ECJ does not exclude extending the liability of cartel members to ‘umbrella pricing’
In a judgment of 5 June 2014, following a request for a preliminary ruling from the Austrian Supreme Court, the European Court of Justice (ECJ) ruled in favour of extending the liability of a cartel’s members when the effect of the cartel was to incite other market operators to increase their own prices. This judgment is contrary to Austrian legislation, which requires the existence of a contractual link between the cartel’s victim and its members…
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The UK government has published application criteria and terms for the 14th onshore oil and gas licensing round, accompanied by new guidance.
Calculations on ISDA close-out: Lehman Brothers Finance SA (in liquidation) v Sal Oppenheim jr & cie KGAA
This case provides further guidance in relation to how payment on early termination of a 1992 ISDA Master Agreement should be calculated where automatic early termination applies.
Analysis from The Lawyer
The continent’s boom in natural resources and renewable energy is sparking an infrastructure drive
Shearman & Sterling is making its presence felt in the City, squaring up to magic circle firms and looking to muscle in on key relationships. Private equity house Bridgepoint is one outfit that has had its head turned by the US firm.