Related briefings

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

Protecting Canadian innovation in the Cleantech sector

Emerging technologies to mitigate environmental impact and even remediate harm that has already occurred, known colloquially as “cleantech”, represent a potentially explosive growth opportunity for Canadian innovation. Intellectual property rights, and in particular patent protection, can be an important asset for Canadian cleantech companies that can and should be leveraged as part of their business and growth strategy. Patent rights can be valuable not only in excluding competitors and soliciting investment, but even in terms of marketing. Patents can demonstrate that a company is on the cutting edge of sustainable technology.

Archegos fallout raises troubling questions over bank risk controls

Credit Suisse’s removal of several senior executives, including its top risk and compliance officer, as a result of reported $4.7bn losses incurred by trades with Archegos Capital Management raises serious questions as to whether banks have learned sufficient lessons from the global financial crisis.

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Linklaters favours Continental Europe in bumper promotions round

Linklaters has promoted 35 lawyers to its partnership, including 13 in London. The number of elevations is its highest since 2019, when the firm made up 33 lawyers to partner in its biggest round since the recession. The magic circle firm promoted 38 lawyers in 2007. Starting from May 2021, the firm will see the […]

exit

Akin Gump partner quits for Shearman

Shearman & Sterling has hired a financial restructuring partner from Akin Gump Strauss Hauer & Feld, nearly two weeks after snapping up Travers Smith’s head of corporate. The US firm has hired Akin Gump London partner Sam Brodie, who has spent more than six years at its rival. As part of his practice, he advises […]

Ehsan Haque

Ashurst scores advisory spot for investment management firm

Ashurst has won a lead counsel position for private equity firm Hamilton Investment Management. Global head of legal and compliance Ehsan Haque has picked Ashurst as Hamilton’s chosen adviser. Addleshaw Goddard has meanwhile been selected on employment matters, led by partner Shakeel Dad and Mills & Reeve on GDPR (international head of IT Jagvinder Singh […]

Singapore

Essex Court’s Singapore presence hit by group exit

All six members of Essex Court Chambers‘ Singapore affiliate are to leave the practice, as the crisis around China sanctions deepens. The team departure comes less than 24 hours after the magic circle set lost Jern-Fei Ng QC in London to 7 Bedford Row. Those leaving Essex Court Chambers Duxton (Singapore group practice) are VK Rajah […]

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