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Renew Romania 2021

A roadmap for investors and developers who are interested in entering the Romanian renewable energy markets, and for existing market players, insights on how to further streamline the setup, operation and financing of their investments in this sector.

Safety through bankruptcy?

Claims by segregation creditors are limited overall to the value of the respective security at the time of the confirmation of a restructuring plan. In its current decision 17 Ob 12 / 20v, the Supreme Court thus deviated from its previous case law.

Austria: Supreme Court rules on long-term gas supply contracts

On 25 January 2021 the Supreme Court issued a decision on long-term contracts for the import of Russian natural gas into Austria (16 Ok 3/20g). The contracts had been concluded in 2006 for the supply of unstructured natural gas. All of the contracts expired on 31 December 2027. At the time of their conclusion, such long-term commitments were common for contracts between natural gas producers and importers or wholesalers throughout Europe. The contracts contained an obligation for customers to purchase 83% of the contract volume (at least in the medium term), even if this amount was not actually taken (take-or-pay clause). In 2011 one of the buyers was granted an early termination right.

Let the NFT self-experiment begin!

Non-fungible tokens (NFTs) aren’t new, in fact they’ve been around for years. However, it took the auction of an NFT linked to an image by Christie’s Auction House and the fall of the hammer at a spectacular USD 69 million to create worldwide attention and interest in NFTs.

Latest Briefings

Freeports – Planning FAQs

The designation of eight new Freeports within England made headlines in the Budget and now the winning bidders have to put into effect their successful proposals. What will this mean in practice for those areas affected and what are the likely issues that Freeport authorities will face?

Snapshot: arbitration in the British Virgin Islands for Asia-based parties

The BVI is an increasingly popular arbitral seat supported by a modern pro-arbitration legal framework, modern arbitration facilities, and a world-class arbitration institution of its own in the form of the BVI International Arbitration Centre (“BVIIAC”). The ready availability of BVI legal expertise for any such arbitration under the supervision of the well-respected BVI Courts provides added comfort for parties seeking a dispute resolution venue in a stable jurisdiction.

12 things you didn’t know about electric vehicles

The significant shift in people’s travel routines over the last 12 months will likely trigger long-term changes for many and our urban spaces will need to continue to develop into ‘smart cities’. Electric vehicles and their charging points will form a significant part of this changing landscape.

Avenues of redress for stakeholders in Cayman incorporated companies facing the excesses of majority shareholders and/or their appointed directors

Against the backdrop of differing economies, laws and regulations throughout Asia, choosing to incorporate Cayman entities into holding and investment structures allows international stakeholders to co-operate under the aegis of a stable and effective judicial system. Appeals from the Grand Court of the Cayman Islands lie with the Cayman Islands Court of Appeal, comprising judges who have held high judicial office in the Commonwealth. The Judicial Committee of the Privy Council is the final Appellate Court for the Cayman Islands. As such, through its Court system, Cayman is able to provide the investment community with impartial, established and highly regarded judicial resources dedicated to resolving complex commercial disputes.

Key changes to the LCIA and ICC arbitration rules

Two of the most prominent arbitral institutions globally, the London Court of International Arbitration and the International Chamber of Commerce, have recently updated their rules to modernise and streamline the way in which arbitrations are administered. The changes are designed to increase efficiency, flexibility and transparency and to embrace the growing use of technology in business today.

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ferry

Clydes marine team hit by partner defections to new boutique

A group of partners have resigned from Clyde & Co’s marine practice as they set out plans to go it alone and form a new boutique law firm, The Lawyer understands. The five partners include Ed Mills-Webb, who became a partner in 2010 at the firm. A Clydes spokesperson said: “We can confirm that Ed […]

Allen & Overy

We’re not going anywhere, say A&O chiefs after prized US deal falls through

Despite putting the US at the heart of their election manifesto, Andrew Ballheimer and Wim Dejonghe are to hold steady at Allen & Overy’s helm after talks with O’Melveny & Myers finally fizzled out. The confirmation comes ahead of A&O’s management elections which are due to take place next year, with speculation growing as to […]

Debenhams

Freshfields fights Mike Ashley-funded claim against Debenhams

Freshfields Bruckhaus Deringer has been handed the mandate by Debenhams as the retailer fights a High Court claim brought by six landlords. The landlords, represented by Shoosmiths, are challenging restructuring proposals that were approved in May after Debenhams was bought out of administration by lenders. The landlords, who are part of the Combined Property Control […]

No5 barrister appointed as a Employment Judge

An experienced employment advocate at No5 Barristers’ Chambers has been appointed as an Employment Judge by The Lord Chancellor, The Right Honourable Robert Buckland QC MP. Richard Adkinson will take up the role of a Salaried Employment Judge of the Employment Tribunals (England and Wales) from Monday, September 16. He will be assigned to the […]

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