Romania is getting ready to ride a second wave of renewable energy investments

Increasing the share of renewable energy use is an essential pillar for Romania to meet its commitments under the European Green Deal. The country must scale up the deployment of renewable projects to achieve its 30.7 % target for 2030: some 6 GW of new wind power and solar PV capacities need to be installed over the next 10 years.

Related briefings

NFTs: What about energy and climate issues?

The minting, transfer and even the sheer existence of NFTs require a lot of energy. But what is the reason for all this energy consumption and are there regulatory instruments to curb it?

CRD V finally implemented into Austrian law

A law implementing, among others, Directive (EU) 2019/878 amending Directive (EU) 2013/36 (Capital Requirements Directive – CRD V) has been passed by the Austrian Parliament and Federal Council, and has been published in the Federal Gazette. CRD V (as part of the package together with Regulation (EU) 2019/876 amending Regulation (EU) 575/2013 – CRR II) […]

Austria: Civil law aspects of selling a token – a random selection

If you are following our NFT self-experiment, you already know what an NFT is and what it stands for. If not, you might want to read more. The following article addresses a random first choice of civil law, contractual aspects to be precise, which the authors think are worth considering before you buy (or sell) […]

Latest Briefings

Moving to the Cayman Islands

Boasting an enviable lifestyle, modern infrastructure and a highly sophisticated financial services industry and all within a short flight of Miami and other US cities, the Cayman Islands check all the boxes for individuals seeking to relocate to a tax-neutral jurisdiction. As a result, the Cayman Islands have evolved into an increasingly popular place of residence for internationally mobile “remote-workers” and high-net-worth individuals from around the world.

FCA consults on new consumer duty in retail financial markets

Following the April 2019 publication of its feedback statement on a duty of care and potential alternative approaches, the Financial Conduct Authority (FCA) is consulting until 31 July 2021 on a new Consumer Duty that would set clearer and higher expectations for firms’ standards of care towards consumers.

Tech companies: three things you should know from the 2021-22 Quebec budget

The Québec Budget 2021–2022 includes measures encouraging investment to accelerate technology adoption and strengthens several tax measures aimed at the technology sector. The three key tax measures that tech businesses and entrepreneurs should know about are discussed below.

Workplace testing and vaccinations: What employers need to know

Workplace testing has proven to be a crucial piece in the UK government’s jigsaw to get British business back on its feet. But how can businesses implement a workplace testing programme and will the vaccine roll out make a difference?

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Weil Gotshal & Manges

Weil takes Clifford Chance competition partner

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. […]

Brussels

Hogan Lovells invests in Brussels with PwC team hire

Hogan Lovells has recruited a five-lawyer finance team from PwC for its Brussels base. Finance veteran Ivan Peeters and partner Philip Van Steenwinkel join the firm alongside three associates. Both Peeters and Van Steenwinkel have been at PwC since 2018, which they joined from the Belgian branch of Benelux firm Stibbe.  Before this, the duo […]

Piraeus Greece

Brexit sparks new Stephenson Harwood entity in Greece

While some firms opened offices in Dublin to avoid Brexit disruption, Stephenson Harwood set up a legal entity in Greece, its LLPs have revealed. To avoid any potential problems caused by Brexit, Stephenson Harwood has launched Bowen-Morris & Partners in Piraeus. This new entity emerged after the firm converted the branch to a Greek law […]

Arup appoints new legal chief

Architecture and design engineering business Arup has recruited a new general counsel as its current legal head steps down after eight years in the role. Margot Day joins from engineering consultancy Buro Happold, succeeding Clare Marshall as GC. Marshall has been at Arup nearly 20 years, and GC since 2013. Marshall is now launching her […]

JPMorgan

Freshfields’ client JP Morgan racks up “staggering” costs in Nigeria scrap

Legal fees are mounting in Nigeria’s $875m claim against JP Morgan, with Freshfields Bruckhaus Deringer’s client spending in excess of £3m on the disclosure of documents alone during its defence. This emerged in a preliminary skirmish in the case, during which it was also revealed that JP Morgan spent £290,000 resisting the claimant’s latest application […]

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