Energie

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  •  
    15/11/2024
    Belgium

    Training obligations: the clock is ticking!

    The clock is ticking: registration for training offered by employers must be completed before the end of November 2024. Although the legislator is discussing an extension of the deadline, caution is recommended and registration obligations must be respected for the time being.As a reminder, employers have training obligations required by law or by collective bargaining agreement.In this regard, note the two following deadlines:Employers with 20 or more employees must draft a training plan for their employees by 31 March at the latest (with consultation/communication obligations with employees or...
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  •  
    14/11/2024
    Belgium

    The AI Act and IP rights: key obligations for providers of general-purpose AI models

    The European Union’s Regulation 2024/1689, also known as the AI Act, is one of the first laws governing the deployment of artificial intelligence tools. This legislation categorizes AI systems into different risk levels and imposes corresponding obligations. In this last article in our series on AI and intellectual property rights, we discuss the provisions of the AI Act that will have an impact on your intellectual property.1.    Copyright policies regarding general-purpose AI modelsAccording to the AI Act, providers of general-purpose AI (“GPAI”) models must...
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  •  
    08/11/2024
    United Kingdom

    Cy-près solutions: navigating contractual continuity in a post-LIBOR world

    IntroductionIn Standard Chartered PLC v Guaranty Nominees Ltd & Ors [2024] EWHC 2605 (Comm), the English Commercial Court provided a solution to the impact of the cessation of the London Interbank Offered Rate (“LIBOR”) on perpetual preference shares which provide for the payment of dividends determined by reference to that rate. The decision will be of relevance to a large number of existing contracts, which often reference LIBOR in respect of calculating interest.FactsStandard Chartered PLC (“SC”) issued USD 750m in preference shares in 2006 to raise Tier 1 capital....
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  •  
    08/11/2024
    United Kingdom

    Consultation on commercial framework for Early Competition launched

    On 21 October 2024 Ofgem published a consultation (the Consultation) setting out its latest position on NESO’s proposals on elements of the commercial framework for the Early Competition regime: the “Consultation on the onshore electricity transmission Early Competition commercial framework”.The Early Competition commercial framework, developed by NESO sets out the commercial arrangements applicable to Competitively Appointed Transmission Owners (CATOs) to finance, build, operate and maintain assets on the electricity transmission network. Early Competition is intended to drive...
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  •  
    04/11/2024
    United Kingdom

    UK Government Responds on the Future of the CfD Scheme

    On 18 October 2024, the Department for Energy, Security & Net Zero (“DESNZ”) published a summary of the responses (the “Consultation Response”) to the January 2024 Consultation on proposed amendments to Contracts for Difference (“CfD”) for Allocation Round 7 (“AR7”) and future rounds scheme (the “Consultation”). The Consultation ran from 11 January 2024 to 11 March 2024 and sought views on potential amendments to AR7 and future rounds of the CfD scheme, which supports renewable electricity generators. This is an update to the Consultation...
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  •  
    28/10/2024
    United Kingdom

    Decommissioning Security Agreements in the UK - what you need to know

    The decommissioning of offshore oil and gas installations is a multifaceted and costly endeavour, presenting numerous legal, technical, environmental, and financial challenges. Governed by the Petroleum Act 1998 and associated regulations, the UK decommissioning regime imposes extensive liabilities on current and former owners of offshore infrastructure, as well as their affiliates. To navigate these complexities and ensure financial security for future decommissioning costs, industry practice has evolved to include Decommissioning Security Agreements (DSAs). Our latest publication delves into...
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