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Recent Articles

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  14/04/2025

  Romania

  Romania Rolls Out €578 Million State Aid Scheme to Support Industrial Com­pet­it­ive­ness and Green Transition

  On March 27, 2025, the Romanian Government enacted an Emergency Ordinance establishing a state aid scheme designed to support large energy-consuming industrial companies in Romania. This initiative aims to foster competitiveness while aligning with both national and European efforts to mitigate greenhouse gas emissions. The scheme is expected to be operational until December 31, 2031, with a substantial budget of approximately €578 million allocated for its duration.The core objective of this state aid scheme is to provide financial relief to industrial companies that are exposed to significant...

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  14/04/2025

  United Kingdom

  Power projects: the autonomous nature and commercial importance of on-demand bonds

  In Power Projects Sanayi Insaat Ticaret Limited Sirketi v Star Assurance Company Ltd [2024] EWHC 2798 (Comm), the English Commercial Court has reinforced the pivotal role of on-demand performance bonds in international commerce, particularly within the power industry. The Commercial Court’s ruling underscores the autonomous nature of on-demand bonds, which require payment upon demand without further proof or investigation, barring clear evidence of fraud. In turn, this underscores the benefits of a carefully drafted performance bond that emphasises the stringent obligations on, and limited...

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  14/04/2025

  England and Wales

  Opportunities and Challenges in the UK's Hydrogen Market: Key Takeaways from the OEUK Hydrogen Insight 2025

  Introduction Offshore Energies UK (“OEUK”) has published its first Hydrogen Insight 2025 Report (the “Report”) on the opportunities and challenges in the UK’s emerging hydrogen market.  We summarise the key takeaways from the Report below to assist key stakeholders within the hydrogen sector in the UK (or those looking to invest in the UK) in navigating this evolving landscape.The Role of Hydrogen in Achieving Net ZeroHydrogen is poised to play a crucial role in the UK's (and many other countries’) journeys towards net zero emissions by 2050 (see the...

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  11/04/2025

  Europe

  Agentic AI and the EU AI Act

  Agentic AI systems are designed to act autonomously, sense their environment, make decisions, and take actions without constant human oversight. However, their autonomy and potential to operate with minimal human intervention raise unique challenges in terms of regulation, particularly under the EU AI Act.What Is Agentic AI?The functioning of agentic AI is rooted in Large Language Models (“LLMs”) and other advanced machine learning algorithms. These models are trained on vast datasets to understand human language and respond intelligently to various inputs. What sets agentic AI...

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  11/04/2025

  Europe

  The Cyber Resilience Act: Consultation on the Technical Description Opens

  Agentic AI systems are designed to act autonomously, sense their environment, make decisions, and take actions without constant human oversight. However, their autonomy and potential to operate with minimal human intervention raise unique challenges in terms of regulation, particularly under the EU AI Act.What Is Agentic [CMS1] AI?The functioning of agentic AI is rooted in Large Language Models (“LLMs”) and other advanced machine learning algorithms. These models are trained on vast datasets to understand human language and respond intelligently to various inputs. What sets agentic...

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  07/04/2025

  United Kingdom

  The Foreign Influence Registration Scheme will go live from 1st July 2025

  The government has announced that the Foreign Influence Registration Scheme will go live from 1st July this year.The Scheme requires the registration of:Arrangements to undertake political influence activities in the UK that are directed by a foreign power (the “Political Influence Tier”); andArrangements with foreign entities for such activities as may be specified (the “Enhanced Tier”).Arrangements registered under the Political Influence Tier will, subject to some exceptions, be published on a publicly available register.A key intent behind the Scheme is to increase transparency...

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