Related briefings

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

New changes impacting the leasing legislation

Law no. 83/2021 amending and supplementing Government Ordinance no. 51/1997 on the leasing operations and the leasing companies was published on April 16, 2021 in the Official Gazette no. 401, Part I. Importantly, the provisions of Law no. 83/2021 may only be applied for leasing agreements concluded after its entry into force.

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Osborne Clarke and RPC unveil 2021 partner promos

Osborne Clarke and RPC are the latest UK firms to have announced their latest partner promotions. Osborne Clarke has elevated seven of its UK lawyers to the partnership, a slightly bigger round than last year’s. The promotions were made across sectors such as tech, media and comms, energy and utilities and financial services. Of the […]

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Alston & Bird is expanding its City partner ranks with the addition of a finance partner from Vinson & Elkins. The US firm’s London base is taking on partner Paul Simcock, who leaves after three years at the rival. Simcock joined Vinson from Jones Day in 2018. He was part of a slew of hires […]

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KWM considers “Walkie Talkie” exit in hunt for new space

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