On 5 November, the European Commission published a communication, ‘Delivering the internal electricity market and making the most of public intervention’. Public, or state, intervention can be at regional, national or local level and can take different forms, such as state aid to certain sectors or companies in the form of grants or exemptions from taxes and charges; […]
The Department of Energy & Climate Change (DECC) published two policy papers on 31 October 2013: (1) its Annual Energy Statement 2013 and (2) the Statutory Security of Supply Report 2013. The Annual Energy Statement fulfils the commitment in the coalition programme for the government to present an annual statement of energy policy to Parliament. […]
In this fourth edition of Adjudication Watch, Wragge & Co’s construction experts review cases involving challenges to adjudication enforcement on jurisdictional and natural justice grounds. Enforcement challenges are becoming increasingly sophisticated with more cases involving adjudicators allegedly going off on a ‘frolic of their own’. To counteract this, courts consistently remind parties that adjudication must […]
The Pensions Regulator’s new Code of Practice no. 13, ‘Governance and administration of occupational defined-contribution trust-based pension schemes’, has come into force. The code applies to trustees of all occupational defined-contribution (DC) trust-based pension schemes with two or more members. It covers schemes that provide only DC benefits, and also the DC element of hybrid […]
The Court of Appeal has given judgment in the ‘stay’ application in the long-running patent dispute between IPCom and HTC. HTC had appealed the High Court’s refusal to stay the proceedings, and the appeal concerned the circumstances in which it is appropriate for an English court considering combined patent infringement and revocation proceedings to grant […]
By Byungkwon Lim and Aaron J Levy The Dodd-Frank Wall Street Reform and Consumer Protection Act amended section 4a of the Commodity Exchange Act (CEA) to require the Commodity Futures Trading Commission (CFTC) to establish position limits on an aggregate basis for (1) futures and options contracts on agricultural and exempt commodities traded on or […]
More than 50 participants have attended an event hosted by Karanovic & Nikolic on the implementation of transfer pricing in Serbia. Tax partner Tanja Unguran elaborated on the legal implications of the newly imposed transfer pricing study, which is obligatory for all Serbian companies to file. Aleksandra Raach, regional transfer pricing head, provided participants with insight on the practical […]
The Hong Kong office of Eversheds has advised BOCI Asia on a top-up placing of existing shares of China Singyes Solar Technologies Holdings held by Strong Eagle Holdings at an aggregate placing price valued at HKD324m (£26m). Under the placing and subscription agreement, BOCI Asia agreed to place on behalf of Strong Eagle, and Strong […]
David Savage, international trade expert at Eversheds, has commented following news that the World Trade Organization (WTO) is close to sealing the first global trade deal in more than a decade. Savage said: ‘The finalisation of this global trade deal will provide a much needed boost to anyone engaged in the international movement of goods and […]
Welcome to DLA Piper’s Pensions News publication, which reports on recent developments in pensions legislation, guidance and case law, as well as keeping you up to speed on what to look out for in the coming months. This edition brings you the developments from October 2013, including the following. Automatic enrolment: amendments to make technical […]
Cardiff-headquartered Morgan Cole has appointed two partners and nine lawyers to its health and social care team in its Thames Valley offices. Stephen Tainsh was a senior associate at Taylor Wessing and joins Morgan Cole as a partner in Reading. He is joined at the firm by former Bevan Brittan partner Penny Rinta-Suksi who joins […]
It’s been a long time coming, but European regulators have finally rubber-stamped Intercontinental Exchange’s (ICE) $11bn (£6.79bn) takeover of NYSE Euronext. It’s been a long time coming, but European regulators have finally rubber-stamped Intercontinental Exchange’s (ICE) $11bn (£6.79bn) takeover of NYSE Euronext. No doubt both parties, plus the enormous raft of lawyers involved, will be […]