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Recent Articles

  •  
    27/02/2024
    United Kingdom

    NSTA Consultation on Carbon Storage Data

    In 2023, the UK’s first carbon storage licensing round led to the award of 21 offshore carbon storage licences. A handful of licenses had been awarded prior to the licensing round, so that there are now a total of 27 such licences in place. Some of these licences have been incorporated in the four Track 1 and Track 2 carbon capture usage and storage clusters, which are intended to escalate industry expansion and promote start-up without delay. By 2030, it is projected that these four clusters will contribute towards a total of 20-30 million tonnes of CO₂ per year (MtPA) being captured...
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  •  
    27/02/2024
    Germany

    Reusing data held by public sector bodies under the DGA

    The Data Governance Act should allow data collected with public funds to be reused to benefit society. Together with the Data Act, the Data Governance Act (DGA) forms a key pillar of the European Commission's European strategy for data, which was published in February 2020. The European strategy for data aims to create a European data economy and promote data-driven business models and innovative future technologies in the EU.To achieve these goals, the strategy for data states that common European data spaces will be created and a new standardised legal framework for data will be established....
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  •  
    26/02/2024
    Europe

    The CBAM – what is it and how will it affect the market?

    PL
    Regulation (EU) 2023/956 establishing a carbon border adjustment mechanism (CBAM) entered into force on 17 May 2023. The implementation of the CBAM has been divided into a transitional period (from 1 October 2023 to 31 December 2025) and a target period (starting 1 January 2026).Why has the CBAM been introduced?With the establishment of the scheme for greenhouse gas emission allowance trading (EU ETS) in 2005, which covers, among other things, energy intensive installations, the European Union has set a course of action to reduce overall greenhouse gas emissions. However, the ever-rising costs...
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  •  
    26/02/2024
    England and Wales

    Law Commission’s draft Digital Assets Bill – welcome news for the UK

    Following an extensive consultation and publication of its final report in June 2023, the Law Commission has now published its draft Digital Assets Bill (the “Bill”). The Bill is designed “to ensure that the law remains dynamic, highly competitive, and flexible, so that it can support transactions and other arrangements involving digital asset technology” and aims “to help to achieve the UK Government’s stated goal of the jurisdiction of England and Wales becoming a global hub for digital assets, and in particular, for crypto-tokens and crypto-token systems”.The...
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  •  
    23/02/2024
    United Kingdom

    Latest UK consumer law developments

    In January 2024, the Department for Business and Trade published its response to a 2023 consultation entitled “Smarter Regulation: Improving consumer price transparency and product information for consumers” (“Consultation”). The Government consulted with the ultimate aim of improving the quality and accessibility of information provided to consumers and enabling them to make informed decisions about products they purchase. For more information about the Consultation, please refer to our previous Law-Now: UK Government announces Consultation on consumer protection reforms.Soon...
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  •  
    23/02/2024
    Spain

    Harmonisation of avoidance rights from a Spanish perspective

    Avoidance action is an umbrella term for adversary proceedings that seek to unwind or avoid transactions that occurred before an insolvency filing. These actions are also referred to as “claw-back claims” because, by undoing a transaction, an asset or value is being clawed back into the insolvency estate.With the publication of Law 16/2022 on 6 September 2022, Spain concluded its thorough review of insolvency law with the transposition of European Directive (EU) 2019/1023, which highlighted the regulation of avoidance rights through measures such as preventive restructuring frameworks,...
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