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.
The competition law investigation into approximately 40 construction companies could prevent large providers from taking on future public contracts.
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.
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.
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.
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.
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.
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.
The Guide provides an overview of key points of law and practice and allows you to compare regulatory environments and laws across multiple jurisdictions.
When Trump was ultimately banned from most mainstream social media services during his final month in office, many questioned if Big Tech should have the power to silence a sitting President in this way and if they had the right rationale to do so. Trump has now handed over @POTUS to Joe Biden and the whole world is talking about what may be in store for Big Tech when it comes to regulation as a result of this transformed understanding.
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US firms need to retain their partners to maintain sustainable growth.
The balance of power in London has shifted away from the traditional UK firms.
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.
Magic circle firms have been modifying lockstep to compete with US rivals.
One of the Inns of Court in London will soon be home to a fee-paying junior school after it agreed to lease out one of its buildings, The Lawyer can reveal. Grays Inn recently confirmed that it will be leasing out the old City School of Law Building to the City of London School for […]
Clyde & Co has cut a number of its UK secretarial roles as it moves to a new ‘hub’ operating model, adding itself to the list for firms rethinking the legal support function. The firm has dispensed with the services of 29 out of 235 secretaries, marking a 12 per cent decrease, as a result […]
DAC Beachcroft is raising its spend on staff bonuses to around £10m for this financial year, as firms increasingly seek ways to reward employees for their efforts during the pandemic. The move marks a rise of 45 per cent compared to its bonus spend of £7m last year. Managing partner David Pollitt said of the […]
Freshfields Bruckhaus Deringer and Herbert Smith Freehills (HSF) are lined up on the proposed £500m flotation of commodities broker Marex. At least 25 per cent of the company will be floated on the London Stock Exchange. The business is controlled by JRJ Group, a private equity firm set up by two ex-Lehman Brothers investment bankers. […]
Weil Gotshal & Manges is taking on a Clifford Chance partner to develop its competition offering in the City. The US firm has hired partner Jenine Hulsmann, who has been tasked with leading the build-out of Weil’s European antitrust and competition practice. Hulsmann has been a Clifford Chance lifer, having joined the firm in 1996. […]
Debevoise & Plimpton has promoted a London lawyer to partner out of a total of nine worldwide, after the City was left out of its promotions round last year. Matthew Dickman, who sits within Debevoise’s funds and investment management group and has now ascended to the partnership, is a former Kirkland & Ellis partner who returned […]
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