The following Energy practice note Produced in partnership with Matthew Collinson provides comprehensive and up to date legal information covering:
The Energy Act 2016 (EnA 2016) received Royal Assent on 12 May 2016 (see Table A below for details)
In June 2013, the former Secretary of State for Energy and Climate Change, Edward Davey, commissioned Sir Ian Wood to conduct an independent review of UK Continental Shelf (UKCS) oil and gas recovery, and in particular to consider how economic recovery could be maximised (Wood Review).
Key recommendations of the Wood Review are:
government and industry should work together to develop a new strategy for maximising the economic recovery from the UKCS (MER UK Strategy)
stewardship should be moved to an arm’s length body which is well resourced and funded by the industry
additional powers should be secured for that body so that it can implement the MER UK Strategy, and
it should work with industry to develop and implement new strategies on exploration and decommissioning cost reduction
The MER UK Strategy was implemented via sections 9A-9I of the Petroleum Act 1998 (PA 1998) (as amended by the Infrastructure Act 2015). Section 9A(2) requires the Oil and Gas Authority (OGA) to produce one or more strategies for enabling the principal objective to be met. The ‘principal objective’ is maximising the economic recovery of UK petroleum, in particular through:
development, construction, deployment and use of equipment used in the petroleum industry (including upstream petroleum infrastructure), and
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This Practice Note examines:•why negative pledge clauses are used in commercial transactions •the consequences of breaching negative pledge provisions•how negative pledges are viewed in the context of security and quasi-security, and•key considerations when drafting a negative pledge clauseWhere
Company directors are not, by virtue only of their office as director, automatically entitled under company law to remuneration for services as a director or to reimbursement of expenses incurred in rendering such services. Power to pay directors remuneration for their services will need to be
The right to notice means a right for the employee to remain in employment for the period of notice, not simply to be paid for it. An employer will therefore often include in the contract an express right to make a payment in lieu of notice ('PILON') as an alternative to giving notice, to ensure
Case number [insert number][In the principal registryORIn the [insert court location] FAMILY court]Sitting at [insert place]Notice of actingBetween[insert petitioner name]Petitionerand[insert respondent name]RespondentTake notice that we [insert name of firm] have been appointed to act as the
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