The following Commercial news provides comprehensive and up to date legal information on Where there's no waiver, there's no way (Barclays Bank plc v VEB.RF)
An introduction to take-or-pay clauses in energy contractsThis Practice Note introduces take-or-pay clauses in the energy sector and considers some of...
Power purchase agreements (PPAs)—key terms and issuesWhat is a power purchase agreement?A power purchase agreement (PPA) is a contract between an...
Key stakeholders in midstream & downstream activities of the Oil & Gas industryAlthough differences persist among regional markets, this...
The Offshore Transmission Owner (OFTO) regimeWhat are OFTOs?Offshore Transmission Owners (OFTOs) are the owners of offshore transmission assets which...
An Introduction to Oil & Gas Sales and TradingGovernments permit companies to explore for and produce hydrocarbons (crude oil and natural gas) within a defined area under the terms of a concession. The concession holders will typically seek to define their respective rights and obligations
Grid Trade Master Agreement—an introductionWhat is a GTMA?Electricity in Great Britain (GB) is traded through a bilateral market. There is no prescribed form regarding trades. However, the Grid Trade Master Agreement (GTMA) has established itself as a standard form of electricity trading document,
Scotland—the process for applying for sequestrationSequestration in Scotland is the legal process by which an insolvent debtor’s estate is gathered in, realised and then distributed among their creditors by a trustee appointed for that purpose. The process requires that a formal award of
Micklefield clausesWhat is a Micklefield clause?It is common for employee share plans to provide that, on termination of employment (or when an employee is given or receives notice of termination of employment), subsisting share awards will be forfeited and subsisting share options will lapse.It is
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