As the EU and national governments aim to use recovery from the COVID-19 crisis as a springboard for achieving ambitious new climate policy goals and building back greener, this briefing presents an annual status update on legal, policy and commercial initiatives across the European renewables sector.
Following the end of the transition period nearly two months ago, with an EU-UK Trade and Cooperation Agreement (TCA) that largely left out financial services1, it is unsurprising that the UK is forging alliances elsewhere. Even less surprising, then, is that one such ally should be another European nation well known for its financial sector.
The world of sanctions policy and enforcement saw quite a busy year in 2020 – and it seems the trend will not slow down in 2021.
With the increase in governments’ stimulus packages, the principles of fairness in competition and compliance with legal rules have proved relevant, enhancing how useful the self-cleaning option is. Understanding what it means and how to benefit from this second chance is all the more key to economic operators.
The significant revenues that companies in the digitalized economy generate, in combination with the greater risk of base erosion and profit shifting due to the lack of a physical presence, mean that countries and the organizations that represent them are increasingly looking at new ways to tax the digitalized economy.
I wrote last autumn about the European Parliament’s approval of proposals for the regulation of artificial intelligence (AI), and the European Commission has now decisively picked up the legislative baton, publishing its comprehensive framework for an AI Regulation.
For the second time in one week, the High Court has found in favour of the landlord in a dispute around concerning payment of rent during the Covid-19 pandemic.
On 31 May 2021, the Vertical Agreements Block Exemption Regulation (VBER), which exempts certain agreements from the EU and UK prohibitions on anti-competitive agreements, enters its final year of service before its scheduled expiry at the end of May 2022. Both the UK’s Competition and Markets Authority (CMA) and the European Commission (EC) have begun consultations on whether to replace the current instrument and its accompanying guidelines and, if so, how the replacements can tackle some of their predecessors’ shortcomings.
Neil Lloyd, managing director at law firm FBC Manby Bowdler, set up Tech Time Out with Stephanie Henson last year after noticing that a lot of noise was being made about the amount of time people were spending on tech, and certainly, COVID just made it worse.
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.
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Mishcon’s IPO might be a success but its partners would have been better off doing it earlier.
Law firms have paid back loans they took out last year but it doesn’t mean they are in the clear just yet.
Cahill has doubled in size in London since 2016.
A bumper year for Singapore should give Paris pause for thought.
With London firms thriving in the city, Bristol’s old guard have competition on their hands.
Restructuring hires are on the rise but some firms may have moved too slowly.
Gibson Dunn & Crutcher has refreshed the leadership of its London office, with two new co-partners in charge. Ali Nikpay and Penny Madden QC succeed James Cox and Jeff Trinklein as co-heads of London. Litigator and a member of The Lawyer Hot 100 2019, Nikpay has been at Gibson Dunn since 2013, having joined as […]
Latham & Watkins and Macfarlanes have reprised their roles advising paint retailer Farrow & Ball, as its private equity owners decided to sell on the brand. Farrow & Ball has been bought by Danish manufacturer Hempel Group. Latham advised Farrow & Ball’s owners, Ares Management, on the sale and fielded a team led by London […]
A corporate partner in Skadden Arps Slate Meagher & Flom’s Hong Kong office has moved to one of the firm’s clients Grab as group general counsel. Christopher Betts has relocated to Singapore to take up the new in-house role. He joined the Singapore-headquartered “super app” in the same month when Grab formalised its plan to […]
Clifford Chance is spearheading a strategy that will see its Continental European offices brought into a single profit and loss account, The Lawyer can reveal. The project, internally known as ‘One Europe’, has been developed by the firm’s senior leadership in a bid to treat its offices across the UK and Continental Europe as a single team, […]
Keystone Law‘s chief executive officer James Knight is cashing out on £9.45m worth of shares after increased demand in the listed firm from institutional investors. A market announcement on Tuesday revealed that a total of 1,500,000 ordinary shares have been sold by Knight at a price of £6.30 each, which reduces his stake in the […]
Latham & Watkins has scored a critical win for New Look, after fending off a challenge from landlords over its use of a company voluntary arrangement (CVA). The firm defeated four groups of landlords, including the new owners of Manchester’s Trafford Centre, as they contested the retailer’s switch from fixed-rate rents to a turnover model […]
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