Inflation Reduction Act
9 Takeaways From Inframation’s Infrastructure Investors Forum Latin America 2018
On November 1, 2018 Inframation held its first-ever gathering in New York City of some of the main investors, advisors and funders active in Latin American infrastructure. We commend Inframation for creating a convivial atmosphere, as well as a forum...
Disaster Fundraising in Texas
A guide to fundraising laws for individuals who are interested in raising or donating money to a Texas charity in light of Hurricane Harvey
Monthly Futures Exchange Issuance Report: December 2015
December's Highlight On November 4, 2015, the Chairman of the CFTC, Timothy Massad, gave a speech to the Futures Industry Association Futures and Options Expo, in which he focused on the subject of swap data reporting. The Chairman noted the...
Monthly Futures Exchange Issuance Report: November 2015
November's Highlight In November there were a significant number of disciplinary actions across the exchanges related to pre-arranged trading, including the execution of block trades. The exchanges clearly continue to focus on these types of violations and market participants should...
What Constitutes a Reasonable and Prudent Operator?
The English Commercial Court interprets the definition of the standard of a "Reasonable and Prudent Operator" in the context of a dispute relating to long term gas sales agreements The phrase "reasonable and prudent operator" is frequently used in commercial...
Monthly Futures Exchange Issuance Report: October 2015
October's Highlight October saw the first criminal conviction pursuant to Section 4c(a) for spoofing. A jury concluded that for approximately three months, an individual used a computer algorithm to place orders he did not intend to execute for the purpose...
The UK's New Reporting Obligations on Modern Slavery and Human Trafficking
A "Race to The Top" to Tackle an Atrocious Global Problem Introduction Companies or partnerships carrying on business in the UK with an annual turnover of £36 million (around US$55.5 million) or more will now, for the first time, be...
Struck Down: When Liquidated Damages Become Unenforceable
Construction law can be something of a dark art "“ there isn't a day that goes by where the humble construction lawyer isn't presented with a bit of a head-scratcher. Take liquidated damages, for example. It's clear that an LDs...
The Transparency Initiative: Are You Ready?
Are you a UK company that operates in an EXTRACTIVE INDUSTRY? If so, do any 2 of the following apply to you: You have a balance sheet in excess of £18 million; You have net turnover of over £36 million...
One Further Step Towards UK Shale: Government Provides Underground Drilling Access for Developers
In June this year we reported on the opening of the UK Government's public consultation concerning its proposal for changes to the laws concerning underground drilling access in connection with projects involving shale drilling and fracking, as well as geothermal...
Latest UK Onshore Licensing Round Announced
The UK Government has today announced the opening of the eagerly anticipated 14 th onshore oil and gas licensing round, with applications invited until 2pm on 28 October 2014. Hundreds of blocks are available in the bidding process. The Government...
"Friendly Discussions" Obligation is Enforceable Under English law
The English High Court has overruled an arbitrators' decision to hold that a clause requiring "friendly discussions" prior to commencing arbitration is an enforceable condition precedent to arbitration under English law. This judgment is interesting because mere "agreements to negotiate"...
U.K. Announces Unconventional Petroleum Licensing Model Clauses
Energy Minister Michael Fallon took the opportunity on 24 June 2014 at the UK Shale Conference to cite the energy security crises in the Ukraine and Iraq as further reason for the UK to focus on shale gas and oil...
Underground Drilling Access for UK Shale Developers: The 300 Metre Question
Since the lifting of the fracking moratorium in December 2012, the UK Government has continued to work with regulators and the industry to develop a clear regulatory regime for shale gas which encourages exploration and investment while protecting public safety...
Has the Sun been Shining too Brightly in the UK?
Last week (13 th May) the Department of Energy & Climate Change (" DECC ") unveiled proposals to " maintain the growing momentum behind renewable electricity investment in the UK, while continuing to deliver value for money for consumers. "...