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ICC reform and the future of arbitral hearings
Arbitration analysis: The 41st Annual Joint SIA-ICC Institute Symposium, held at Herbert Smith Freehills Kramer LLP in London, examined a deceptively simple question: what is the modern arbitral hearing for? Organised by Queen Mary University of London’s School of International Arbitration and the ICC, the symposium brought together arbitrators,...
Commission launches call for evidence on industrial biotechnology and biomanufacturing
The European Commission has launched a call for evidence seeking views on the development of industrial biotechnology and biomanufacturing in the EU. Stakeholders are invited to provide feedback on key challenges and bottlenecks they experience and suggestions to address them. The consultation will inform the preparation of the proposed Biotech Act...
OFSI imposes penalty on Deutsche Bank London Branch for Russia sanctions breaches
The Office of Financial Sanctions Implementation (OFSI) has imposed a £165,000 monetary penalty on Deutsche Bank AG London Branch under section 146 of the Policing and Crime Act 2017 for breaches of the Russia (Sanctions) (EU Exit) Regulations 2019, SI/2019/855. The penalty relates to two payments totalling £635,618.75 processed in June and July...
Building liability orders—TCC refuses permission to appeal and stay in Crest v Ardmore
Construction analysis: The Technology and Construction Court (TCC) refused permission to appeal against building liability orders (BLOs) made under sections 130–131 of the Building Safety Act 2022 (BSA 2022) and declined both a stay of execution and extended time for payment. The judgment confirms that anticipatory BLOs and adjudication liabilities...
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