Recent Articles

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  29.03.2023

  Europe

  Off­shore Wind in Nor­way – First Round An­nounced

  Live-streaming from an electrical, carbon fibre catamaran, Norwegian Prime Minister Jonas Gahr Støre and Minister of Petroleum & Energy Terje Aasland announced today the long awaited first tender process for offshore wind. This first round, catering for approximately 3 GW of offshore wind, is the first step towards the Norwegian government's long-term ambition to allocate areas for 30 GW offshore wind by 2040.A number of offshore wind consortia have been established in anticipation of this first round and we expect to see fierce competition over the four project areas up for award. The...

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  29.03.2023

  United Kingdom

  Large En­ergy Users – Spring 2023 up­date on en­ergy mar­ket re­forms

  Those who develop, own, operate, manage or occupy sites with large or complex energy needs are being required to engage with the energy sector like never before. This Law-Now continues our series focussing on the energy sector developments of particular relevance from the perspective of those responsible for sites with significant energy needs ("Large Energy Users”).  Among a range of issues, we are seeing the interlinked challenges and opportunities created by net zero commitments; securing and maintaining power capacity; and energy cost are all demanding the attention of those...

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  29.03.2023

  Luxembourg

  The CSSF launches SF­DR data col­lec­tion for Lux­em­bourg in­vest­ment funds

  1. ContextSince 1 January 2023, the investment funds managers (hereafter the “IFMs”) subject to the Sustainable Finance Disclosure Regulation  (or “SFDR”) have been gathering and disclosing the required sustainability-related information about their financial products, in the form of a template, in line with the Level 2 SFDR introduced by Delegated Regulation (EU) 2022/1288 of 6 April 2022, as amended (the “SFDR RTS”).  On 25 March 2023, the Luxembourg regulator of the financial sector – the Commission de Surveillance du Secteur Financier (the...

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  28.03.2023

  Europe

  European Par­lia­ment and Coun­cil ready to start ne­go­ti­ations on EU Data Act – Europe gets closer to ad­opt­ing a data law

  In February 2022 the European Commission presented its proposal for the EU Data Act, which – if adopted - will introduce a far-reaching legal regime on access to and use of non-personal data in the EU and will, similar to the GDPR, be applicable to businesses established outside the EU. The proposed regulation contains a set of rules defining how various forms of data can be used and by whom for purposes across all economic sectors with the aim of creating a new data-agile ecosystem. While the new law will bring new opportunities, it will also create legal challenges for all actors in the...

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  28.03.2023

  United Kingdom

  Em­ploy­ment rates and lim­its - Changes for April 2023

  April 2023 will see changes to employment rates and limits which are adjusted annually in line with the retail prices index. The RPI has risen significantly over the last year and statutory redundancy payments, employment tribunal awards and national minimum wage rates will all be affected. The key changes for employers to be aware of are outlined below.National minimum wageThe increases in the national minimum wage rates (including the national living wage rate) that apply from 1 April 2023 are as follows:for workers aged 23 and over, from £9.50 to £10.42 per hour;for those aged 21-22,...

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  28.03.2023

  Ukraine

  Ukraine im­poses sanc­tions on gambling com­pan­ies

  On 10 March 2023, the President of Ukraine enacted the Ukrainian Security and Defence Council's decision regarding sanctions on 120 individuals and 287 legal entities.Since the Russian invasion in 2022, Ukraine has sanctioned thousands of legal entities and individuals, mainly connected with Russia. The 10 March decision also includes a number of gambling companies, such as companies working under brands Parimatch, Sportbet, Sportloto, Betcity, PokerMatch UA and others.Those entities are now subject to different types of sanctions, including asset freezing, trade operation restrictions, prevention...

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