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Aktuelle eAlerts

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  17.03.2023

  Naher Osten

  Electric Ve­hi­cle Char­ging In­fra­struc­tu­re in the United Arab Emi­ra­tes and the King­dom of Sau­di Ara­bia

  With the transport sector accounting for a major part of greenhouse emissions in the United Arab Emirates (“UAE”) and the Kingdom of Saudi Arabia (“KSA”), the rapid take up of Electric Vehicles (“EVs”) will be vital for the UAE and KSA to meet their carbon neutrality targets by 2050 and 2060 respectively.In the UAE, encouragement to transition to EVs has been enhanced by incentives and measures promoting EVs, such as the Roads and Transport Authority’s (“RTA”) creation of free parking spaces, exemptions from RTA EV registration and renewal fees...

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  28.11.2022

  Großbritannien

  Syn­the­tic LI­BOR up­date: 3 month syn­the­tic ster­ling LI­BOR to cea­se end March 2024 and FCA con­sul­ta­ti­on on syn­the­tic US dol­lar LI­BOR set­tings

  On 23 November 2022 the Financial Conduct Authority (the “FCA”) announced that the 3 month synthetic sterling LIBOR setting will cease permanently at the end of March 2024. The FCA also launched a further consultation on proposals regarding synthetic US dollar LIBOR – proposing to publish 1 month, 3 month and 6 month settings until the end of September 2024 (the “Consultation”). In this Law-Now we outline the timeline for cessation of the existing synthetic settings and consider the FCA’s proposals regarding synthetic US dollar LIBOR. Our previous Law-Nows...

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  15.11.2022

  Scotland

  Twen­ty­'s Ple­nty: Free­dom of In­for­ma­ti­on re­form, twen­ty ye­ars on?

  Twenty years since the Freedom of Information (Scotland) Act 2002 was introduced, a consultation based on a proposed Freedom of Information Reform (Scotland) Bill has been launched (closing on 02 February 2023) following "wide consensus that reform to Freedom of Information is well overdue” (source). This CMS Law-Now explores six key Freedom of Information reform proposals currently under consultation in Scotland. Background The Freedom of Information (FOI) regime in Scotland provides a statutory right of access to information held by Scottish public authorities. Just last year, Scotland’s...

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  07.11.2022

  Großbritannien

  Hill­si­de Re­vi­si­ted 2 - Con­flic­ting plan­ning per­mis­si­ons: Re­con­ci­ling “phy­si­cal im­pos­si­bi­li­ty” with “me­re in­com­pa­ti­bi­li­ty”?

  1. Introduction This is the second in a series of Law-Nows relating to the Supreme Court’s judgment in Hillside Parks Ltd v Snowdonia National Park Authority. The first Law Now is available here. In Hillside,[1] the Supreme Court affirmed and to some extent clarified how to approach overlapping planning permissions. 2. The Supreme Court Judgment in Hillside A key point from the judgment in Hillside, is the Supreme Court’s analysis of the Pilkington principle. Pilkington is the leading case on development rights where multiple planning permissions are implemented on the same site: e.g....

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  26.10.2022

  Großbritannien

  Car­bon tra­ding: LSE in­tro­du­ces vol­un­ta­ry car­bon ex­ch­an­ge plat­form

  On 10 October 2022 the London Stock Exchange (LSE) launched its Voluntary Carbon Market (VCM), in line with its aim to develop a new market offering to support publicly traded carbon funds focused on investing in climate mitigation projects, by increasing the supply of quality carbon credits worldwide and increasing the flow of financing into projects that will directly and indirectly reduce anthropogenic carbon emissions and sequester atmospheric carbon. The VCM is not intended to be a substitute for direct decarbonisation of the production processes and supply chains of the LSE’s clients,...

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  10.10.2022

  Großbritannien

  Su­pre­me Court ru­les on na­tu­re and ti­ming of di­rec­tors’ du­ty to con­sider credi­tors

  The Supreme Court’s long-awaited decision in the Sequana case (handed down on 5 October 2022)[1] is the first time that the UK’s highest court has been asked to consider the proposition that directors are, in certain circumstances, under a duty in respect of creditors’ interests as distinct from shareholders’ interests. The key takeaway points from this ‘momentous decision for company law’ (the words of Lady Arden who gave one of the leading judgments) are: English law does recognise a so-called “creditor duty” (also referred to as the “rule...

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