By Stuart Urquhart Part 1: Electricity network charges and private wire supplies There has been a raft of recent announcements relating to aspects of energy regulation, many of them not entirely positive for developers of renewable energy projects. This includes:- Ofgem’s consultation of 28 November proposing the removal of “embedded benefits” relating to balancing services use of system […]
By Graham Walters In September 2018, the PRA and FCA wrote to the CEOs of major banks and insurers supervised in the UK to understand the preparations that were underway to manage the transition from LIBOR to SONIA (Sterling Overnight Index Average). As the Dear CEO letter explained, repeating the words of Andrew Bailey, Chief […]
By Marianne Anton The ghost of tariffs past Following its announcement in December 2018 of the closure of the Feed-in Tariff scheme (FIT) to new applications after 31 March 2019, the Department of Business, Energy and Industrial Strategy (BEIS) launched a consultation on 8 January 2019 on the introduction of a mandatory supplier-led route to […]
By Bryan Shaw The recent Treasury Committee report examining the role of digital currencies in the UK concluded that urgent regulation of the sector is needed to put an end to the “wild west” environment in which firms are operating today. Three months on from that report, with time to digest its contents and implications, […]
By Stuart Murray The future profitability and viability of many telecoms networks and the services provided over them could depend on decisions OFCOM is about to make on new regulations for digital infrastructure. Now is the time to act. Which appeals to you more this winter? Joining a luxury cruise in the Caribbean or getting […]
By Shaimerden Chikanayev Renewable energy fresh start 2018 started with Kazakhstan switching from the fixed feed-in tariff support system to the mechanism of auctions to develop renewable sources of energy. The auction system made the process of granting renewable energy projects open and transparent and gave impetus to the implementation of the most cost-effective projects.
By Karen E. Hennessey, Shaela W. Rae The Canadian federal government has enacted legislation that will amend the Canada Business Corporations Act (“CBCA“) to require private corporations to track and record individuals with significant control over the corporation. These amendments are expected to come into force in the summer of 2019.
By Aidan Grant The Times has reported that one in five people aged 65 and over has a total household wealth of more than £1,000,000. On reflection perhaps this doesn’t seem that surprising given the rise in the value of pension funds and residential property over the last few decades.
It seems like everything’s on the cloud these days—from your vacation photos to your most-important documents—but is your law firm taking full advantage of cloud computing solutions? In this post, you’ll learn how to spot a cloud-based provider amongst “cloud washing” imposters—and how to use true cloud solutions to help your law firm run more […]
This Law transposes the Directive (EU) 2016/680 on the protection of natural persons with regard to the processing of personal data by competent authorities for the purpose of the prevention, investigation, detection or prosecution of criminal offences or the execution of criminal penalties, and on the free movement of such data, and repealing Council Framework […]
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KPMG has appointed a UK law firm to advise it on the administration of Patisserie Valerie, months after the café chain became embroiled in a scandal over accounting irregularities. Gateley, led by Birmingham restructuring partner Daniel French and Manchester partner Stuart Tait, is working with the Big Four accountant on the process. Patisserie Holdings confirmed yesterday that it has […]
The Reignite Academy, a programme aimed at bringing former City lawyers who have been out of the workplace back into the fold, has finalised its first intake, with 10 women signing on to work across four different firms. The women have a diverse range of experiences and range from those who have taken a complete […]
Slaughter and May and Herbert Smith Freehills have been replaced by Clifford Chance and Addleshaw Goddard on The Financial Services Compensation Scheme’s (FSCS) revamped £12.6m panel. The FSCS, the UK’s statutory compensation scheme for customers of authorised financial services firms, has appointed eight firms for a four-year term on its latest legal panel, which is divided into three […]
Simmons & Simmons is recruiting for new roles to bring its Bristol base to a headcount of over 200, following its move into a new, larger office. This week, the firm moved into a new office in Finzels Reach from its former base in Temple Quay, increasing its office space from 16,000 to 27,000 sq ft. […]
A total of 16 lawyers from Ince & Co’s Hamburg office are to join Clyde & Co, nearly a year after the latter announced it was launching in the German city. The team are joining four former Ince partners, who made the same move to Clydes in February 2018. However, the quartet are understood to […]
There is both relief and nervousness in the upper management floors. Relief that 2018 turned out to be a year in which law firms were busier and more profitable than ever, and yet an inescapable feeling that financial stability could be jeopardised by two things: the prospect of a no-deal Brexit and a possible recession […]