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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HSF

HSF expands alternative services arm as revenue hits £50m

Herbert Smith Freehills (HSF) is broadening the offering of its alternative legal services arm, as its revenue smashes through its £50m target. Launched in Belfast in 2011, the alternative legal technology (ALT) service unit now includes more than 350 people around the world, having grown to over £50m from the £40m reported in 2019 and […]

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The Lawyer Pub and Restaurant Guide

As we gear up for a return to the workplace, help us show some love to the hard-pressed hospitality industry by nominating your favourite eat-and-drinkeries.

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Bird & Bird hires HSF partner as City arbitration head

A longtime member of Herbert Smith Freehills‘ (HSF) disputes team is moving to Bird & Bird after over two decades at the firm. Nick Peacock is making the move, specialising in international arbitration and having previously led HSF’s Singapore arbitration group and its India disputes team. His departure follows the recent retirements of Mark Shillito, […]

ladder

Eversheds and Addleshaws unveil slimmed-down partner promos

Eversheds Sutherland and Addleshaw Goddard have announced reduced promotions rounds, with 22 and nine freshly-minted partners respectively. Eversheds has cut back on its partner promotions after two enlarged rounds, with 22 lawyers making the grade. Last year after the firm announced its biggest ever promotions round, promoting 38 partners. In 2019, 27 were made up. […]

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