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Latest Briefings

Parliamentary group proposes a Financial Services Tribunal

Kevin Hollinrake MP (Co-Chair of the APPG on Fair Business Banking) has published his report titled “Fair Business Banking for All: How to improve access to justice for businesses in financial services disputes” (the Report). Following the APPG’s responses to the FCA’s consultation on expanding the FOS’s jurisdiction (CP18/3), the Report sets out various recommendations […]

Draft legislative proposal introduces a minimum price for CO2

The Dutch government has published a draft legislative proposal for consultation that introduces a minimum price for CO2. The minimum price is introduced by way of a tax levied on electricity producers. The tax is levied per ton of CO2 emission. In the proposal, the tax rate per ton CO2 is calculated each year as […]

Adoption of unregistered land as highway

By Paul Weeks Unregistered land in unknown ownership can cause a headache on development and the extent of the issue will often depend upon what the land is needed for…

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Financing

Linklaters is advising project company Mozal SARL and sponsor/shareholder Billiton on the US$1.3bn Mozal aluminium smelter project in Mozambique. Clifford Chance advised co-sponsor Mitsubishi and Allen & Overy is acting for co-sponsor Industrial Development Corporation of South Africa. White & Case is advising lenders International Finance Corporation.

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Claim limit slated

THE Law Commission is set to abandon controversial plans to introduce a 30-year “long-stop limitation period” in personal injury cases after the proposal caused uproar among PI lawyers. The Law Commission’s head of common law, Professor Andrew Burrows, told The Lawyer last week it was “unlikely” the commission would go ahead with the plan, which […]

CC drafts new rules for LIFFE

CLIFFORD CHANCE finance partner Tim Plews is drawing up the new rules for controversial screen-based trading at LIFFE, the London International Financial Futures & Options Exchange. The move from open outcry to electronic trading, is likely to see dozens of City traders losing their jobs. But the move has been forced by competition from Frankfurt’s […]

A&O scoops award

Allen & Overy has been voted the world’s best project finance law firm by the readers of Project Finance magazine. Deals that clinched the accolade for the firm include advising on the largest and longest domestic syndicated loan in Hungary to equip the Matra power plant.

Irvine is personality of the year

Lord Irvine’s plans to smash the Bar’s near monopoly of higher court advocacy have been greeted with jubilation by solicitors. In last week’s consultation paper on rights of audience, the Lord Chancellor called for full rights of audience for all solicitors from their first day on the Roll, providing they met certain training requirements to […]

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