Latest Briefings

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.

Protecting Canadian innovation in the Cleantech sector

Emerging technologies to mitigate environmental impact and even remediate harm that has already occurred, known colloquially as “cleantech”, represent a potentially explosive growth opportunity for Canadian innovation. Intellectual property rights, and in particular patent protection, can be an important asset for Canadian cleantech companies that can and should be leveraged as part of their business and growth strategy. Patent rights can be valuable not only in excluding competitors and soliciting investment, but even in terms of marketing. Patents can demonstrate that a company is on the cutting edge of sustainable technology.

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.

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Eight firms land places on Vodafone’s refreshed roster

Latham & Watkins and Slaughter and May are among the firms to have won spots on Vodafone’s revamped panel. The telecoms giant has wrapped a review of its roster of legal advisers, which started at the end of last year. The assessment focused on diversity and inclusion as well as ESG credentials, with general counsel […]

Simmons & Simmons

Simmons to release 2020 distributions in next round

Simmons & Simmons is to release profits that were withheld last year in the next distributions round, The Lawyer has learned. In April 2020, the firm had delayed partner distributions, echoing similar measures taken across the legal industry to reduce the impact of the fallout of the Covid-19 emergency. At the time, the firm said […]

Ehsan Haque

Ashurst scores advisory spot for investment management firm

Ashurst has won a lead counsel position for private equity firm Hamilton Investment Management. Global head of legal and compliance Ehsan Haque has picked Ashurst as Hamilton’s chosen adviser. Addleshaw Goddard has meanwhile been selected on employment matters, led by partner Shakeel Dad and Mills & Reeve on GDPR (international head of IT Jagvinder Singh […]

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