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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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DWF and RPC among four new firms on Dixons Carphone roster

Electrical retailer Dixons Carphone has appointed 14 firms to its panel, bringing on board four new ones to its roster. Bristows, DWF, RPC and Carson MacDowell are the four new firms that join the likes of Freshfields Bruckhaus Deringer, Addleshaw Goddard and DLA Piper after a tender process that started in November. The other firms […]

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Clayton Utz closes Sydney office amid coronavirus fears

Updated 6 March: The firm has confirmed that the employee’s wife returned a negative test, meaning he does not have to be tested. “It’s a return to business as usual for now”, the firm said. Hundreds of lawyers, staff and visiting clients at Clayton Utz were asked to evacuate the Australian firm’s Sydney office earlier […]

Johnny Depp turns to Meghan Markle’s legal team after ditching Brown Rudnick

Schillings has been drafted in to represent Johnny Depp on his ongoing libel action against the publishers of The Sun, with the Hollywood film star bringing in the reputational specialists to replace Brown Rudnick. Depp’s change in lawyers was confirmed during a preliminary High Court hearing yesterday. It was also claimed that 70,000 text messages […]

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Employment Tribunal sides with 2 Temple Gardens in “bitter and destructive” fight with former tenant

Allegations of race discrimination, victimisation and harassment against 2 Temple Gardens have been dismissed by the Employment Tribunal, with judges describing the recent case as a piece of “bitter and destructive litigation”. Daniel Matovu filed claims against 2TG, former head of chambers Neil Moody QC and senior clerk Lee Tyler back in 2019, with the […]

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