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PRACTICE NOTES
The KCAB International Arbitration Court A significant change introduced by the 2026 Rules is the establishment of the Court.The Court independently performs case administrative functions referred to in the 2026 Rules, while the Secretariat provides assistance and supports the day-to-day administration of cases (Article 1.3). This represents a structural shift from the prior framework, under which case administrative functions were carried out primarily by the Secretariat. The Court is headed by its Chairperson and is composed of internationally recognised arbitration practitioners from multiple jurisdictions. This court-based governance model is intended to enhance consistency, predictability, and institutional oversight in the administration of arbitrations. In this respect, the Court aligns KCAB International more closely with other arbitral institutions such as ICC, LCIA, and SIAC. The Court exercises decision-making authority in matters including the appointment, challenge and removal of arbitrators, as well as other case-related determinations. Tribunal constitution Qualifications First, when the Court appoints an arbitrator,
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Law360, Expert analysis: This is the second article in a five-part series discussing international arbitration trends and topics for 2026. This article focuses on emerging trends in mergers and acquisitions (M&A) and securities arbitration. Katie L Gonzalez and Mark E McDonald, partners and Maria Manghi and Guido Frasoldati, associates, all at Cleary Gottlieb Steen & Hamilton LLP have contributed towards this analysis.
NEWS
Law360, London: This is the third article in a five-part series discussing international arbitration trends and topics for 2026. This article focuses on two significant 2025 developments that may influence arbitration parties' choice of arbitral seats.
PRACTICE NOTES
Name of parties and citation(s) Judgment date Subject Further reading FW Aviation (Holdings) 1 Ltd v Vietjet Aviation Joint Stock Company [2026] EWHC 2454 (Comm) 30 September 2026 Post-judgment receivership: subject to proportionality of costs, receivers should be appointed to assist enforcement where ordinary execution had encountered significant difficulties and there was a reasonable prospect that receivership would assist enforcement. Hinton (liquidator of St. Mark Lions Ltd (in creditors' voluntary liquidation)) v Stobinski [2026] EWHC 2386 (Ch) 22 September 2026 It was procedurally defective for a liquidator to assert a simple debt claim to recover an outstanding director's loan account by way of an application notice under section 212 of the Insolvency Act 1986 (IA 1986). However, this will not render the debt claim a nullity and it is possible, if required, to rectify the proceedings on the liquidator's undertaking to pay the appropriate issue fee. Director’s loan account claims—debt recovery and breach of duty (Hinton v Stobinski) Glencore Energy UK Ltd v Prax Lindsey Oil Refinery Ltd (in liquidation)
PRACTICE NOTES
This Practice Note sets out the key dates for restructuring and insolvency professionals in 2026 and includes appeal court hearings, consultation deadlines, events and the coming into force of insolvency-related legislation. January 2026 Date Event 1 January 2026 On 18 September 2025 an updated Practice Statement was published for Part 26 schemes and Part 26A restructuring plans. A number of changes have been made to the original draft to reflect responses from the earlier consultation, including (among others) that members’ schemes of arrangement are excluded from the requirement for a claim form to be issued before a hearing date can be obtained.This updated Practice Statement will apply from 1 January 2026 and encourages early identification of jurisdictional and procedural issues, clearer communication with stakeholders, and more efficient case management—ensuring that time and resources are used proportionately.See Practice Note: The Practice Statement for Part 26 schemes and Part 26A restructuring plans (2025) and LNB News 19/09/2025 33. 1 January 2026 The Bank Recovery and Resolution (Amendment) Regulations 2025, SI 2025/862 were
PRACTICE NOTES
This subtopic draws together content on the fiscal events for 2026–27, including: • Spring Forecast 2026, which took place on 3 March 2026 • Tax update 2026, which took place on 23 June 2026 • Legislation Day 2027, which took place on 13 July 2026 For more information on the Budget and Finance Bill processes, as well as the fiscal timetable more generally, see Practice Note: The Budget and Finance Bill process. Spring Forecast 2026 On 3 March 2026, the Office for Budget Responsibility published its March 2026 economic and
PRACTICE NOTES
This Practice Note draws together content on the fiscal events throughout the tax year 2026–27, starting with the Spring Forecast 2026 on 3 March 2026. For more information on the Budget and Finance Bill processes, as well as the fiscal timetable more generally, see Practice Note: The Budget and Finance Bill process. Spring Forecast 2026 On 3 March 2026, the Office for Budget Responsibility published its March 2026 economic and fiscal forecast. On the same day, the Chancellor of the Exchequer, Rachel Reeves, responded to the forecast in a statement to the House of Commons. The Chancellor’s statement did not contain any new tax announcements. Finance Act 2026 Finance Bill 2026 received Royal Assent on 18 March 2026 and was enacted as Finance
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The Standards and Testing Agency has updated the assessment and reporting arrangements for the 2027 key stage 2 (KS2) tests and phonics screening check. The assessment arrangements remain unchanged for 2026–27, but local authority monitoring managers must use a new ‘Confirm monitoring visits’ form. For KS2, they must identify schools receiving a visit by 7 May 2027 and update and submit the form by 4 June; the corresponding phonics deadlines are 4 June and 2 July. Local authorities will also have two additional working days to review KS2 monitoring and moderation agreement requests. Separately, the government has published primary assessment dates for 2028–29 and downloadable KS1 and KS2 calendars for 2026–27.
PRACTICE NOTES
ARCHIVED: This Practice Note has been archived and is not maintained. Overview The 2030 Climate and Energy Framework set three key targets for the year 2030: • at least 40% cuts in greenhouse gas emissions from 1990 levels • at least 27% share for renewable energy • at least 27% improvement in energy efficiency In 2018, these targets were revised under the Clean Energy for All Europeans Package (the Clean Energy Package) as follows: • at least 45% cuts in greenhouse gas emissions from 1990 levels • at least 32% share for renewable energy • at least 32.5% improvement in energy efficiency The framework was adopted by EU leaders in October 2014 (European Council meeting of October 2014). It builds on the 2020 Climate and Energy Package (see Practice Note: 2020 EU Climate and Energy Package—snapshot. The 2030 framework was designed in line with the longer term goals and actions set out in the 2050 Roadmap to a low carbon economy, the Energy Road Map 2050 and the Transport White Paper. These
PRACTICE NOTES
ARCHIVED: This Practice Note has been archived and is not maintained. Context of the 25 Year Environment Plan In January 2015, the Committee (NCC) recommended that the government draw up a 25 Year Plan for the Environment. The government manifesto in 2015 included a commitment to ‘develop a 25-year plan to restore the UK’s biodiversity and to ensure that both public and private investment in the environment is directed to where we need it most’. In January 2017, the NCC recommended that the 25 Year Plan should be placed on a statutory footing. For more information, see News Analysis: Developing the government’s 25-year environment plan. In September 2017, the NCC issued advice on the government’s 25 year environment plan (25 YEP). On 11 January 2018, A Green Future: Our 25 Year Plan to Improve the Environment was published. The basic goals of the Plan as outlined by Theresa May in the Foreword are ‘cleaner air, plants and animals which are thriving, and a cleaner, greener country for us all’. Implementation of the Plan is intended
NEWS
Law360: This year marks the 25th anniversary of the Organisation for Economic Cooperation and Development's Convention (OECD) on Combating Bribery of Foreign Public Officials in International Business Transactions.
2G
GLOSSARY
Second generation of mobile network of service. These use digital encoding to support voice, limited data communications, such as short messaging service (SMS), and different levels of encryption. 2G networks worldwide include D-AMPS (TDMA) and CDMA, with GSM (Global System for Mobile communications) used in the UK.