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NEWS
Law360, London: The European Bank for Reconstruction and Development (EBRD) has launched a new war insurance facility that it says will provide up to €1bn in cover for Ukrainian exports every year.
PRECEDENTS
This Deed is made on [insert date of deed] Parties 1 [Insert name of company] registered in [insert where the Company is registered] with company number [insert company registration number] and whose registered office is at [insert address of registered office] (the Company); and 2 [Insert name of trustee] registered in [insert where the Trustee is registered if a company] (in its capacity as trustee of the [insert name of EBT]) whose registered office is at [insert registered address of Trustee] (Trustee). It is hereby agreed: 1 Interpretation 1.1 In this Deed Awards • means [Prior Awards or] options or awards to be granted under an Employees’ Share Scheme which the Company requests the Trustee to satisfy on the terms of this Deed as relevant; Business Day • means a day on which the banks are generally open for business in London; CA • means the Companies Act 2006; Employees' Share Scheme • means an employees’ share scheme as that phrase is defined in section 1166 of the CA; Group • means the Company, any Holding Company and any Subsidiary of the Company and ‘Group Company’ shall be construed accordingly; Holding Company • is as defined in section 1159 of the CA; ITEPA 2003 • means
PRECEDENTS
This Deed is made on [insert date of Deed] Parties 1 [Insert name of Company] registered in [insert where the Company is registered] with company number [insert company registration number] and whose registered office is at [insert address of registered office of the Company] (Company); and 2 [Insert name of Trustee] registered in [insert where the Trustee is registered if a company] (in its capacity as trustee of the [insert name of EBT] (EBT)) whose registered office is at [insert address of registered office of Trustee] (Trustee). It is hereby agreed: 1 Interpretation 1.1 In this Deed: Asset • means assets listed as such in the EBT accounts; Business Day • means a day on which the banks are generally open for business in London; CA • means the Companies Act 2006; EBT • means the [insert name of the EBT] established on [insert date on which EBT was established]; Group • means the Company and any holding company and subsidiary of the Company and Group Company shall be construed accordingly; holding company • has the meaning as defined in Section 1159 of the CA; Liability • means any liability or liabilities listed as such in the EBT accounts; subsidiary • has the meaning as defined
PRECEDENTS
This Deed is dated [insert date] Parties 1 [insert full name of Trustee] incorporated and registered in [insert place of incorporation of the Trustee] with company number [insert registered number] whose registered office is at [insert address of registered office] in its capacity as sole trustee of the [insert name of the EBT] Employee Benefit Trust (the Trustee). 2 [Insert full name of company] incorporated and registered in England and Wales with company number [insert registered number] whose registered office is at [insert registered office address] (the Lender). Background (A) By a trust deed dated [insert date of EBT trust deed] (the Trust Deed), the Lender established the [insert name of EBT] Employee Benefit Trust (the EBT). (B) The Lender is willing to loan funds to the Trustee, in its capacity as trustee of the EBT, subject to the following terms. 1 Definitions and interpretation 1.1 The following definitions and rules of interpretation apply in this Agreement. [Agreement • means this agreement, as varied from time to time; Business Day • means a day other than a Saturday, Sunday or public holiday in England when banks in London are open for business; Companies
EC
GLOSSARY
1 European Commission 2 Emergency Controller
GLOSSARY
Also known as the Regulation (EC) 1346/2000 on insolvency proceedings, which came into force on 31 May 2000. It is intended to improve the efficiency and effectiveness of insolvency proceedings with a cross-border element and is repealed by the Recast Regulation.
GLOSSARY
Companies or firms formed in accordance with the law of a member state of the European Community and having their registered office, central administration or principal place of business within the Community must, for the purpose of applying the provisions of the EC Treaty dealing with the right of establishment, be treated in the same way as natural persons who are nationals of member states.
NEWS
The European Commission and European Investment Bank have announced a new partnership to bolster the EU's battery manufacturing sector. The initiative includes a €200m top-up to the InvestEU programme from the EU Innovation Fund, €1bn in grants for electric vehicle battery cell manufacturing projects, and a planned €1.8bn EIB investment in the wider battery value chain. This €3bn public support package aims to address financing challenges, support innovative projects, and strengthen the European battery industry's competitiveness and sustainability. The partnership aligns with key EU policies, including the Green Deal, Batteries Regulation, and Net-Zero Industry Act.
NEWS
The European Commission (EC) has announced that it has decided to send a reasoned opinion (INFR(2020)2202) to the United Kingdom, following its failure to comply with EU Law on free movement of EU citizens and their families, specifically the right to move and reside freely within the territory of the EU Member States according to Article 45 of the Treaty on the Functioning of the European Union. The UK has two months to respond and take any necessary measures, which, if not actioned, can result in the EC referring the case to the Court of Justice of the European Union.
PRACTICE NOTES
This Practice Note tracks live European Commission’s (EC) trade remedy investigations. The Directorate General for Trade Defence of the EC is tasked with investigating dumping, subsidies and safeguards and recommending that anti-dumping duties, countervailing duties or safeguard measures be imposed in the interest of the EC’s domestic industries. In addition, the EC is tasked with a multitude of reviews related to the imposed trade remedies. Live EC trade remedy investigations and reviews. Commodity Country Case type Developments Biodiesel—Case R866 North Macedonia, Kosovo, Republic of Moldova, Serbia Anti-circumvention investigation, Article 13 —Notice of Initiation—07/08/2026 Biodiesel—Case R863 United States of America Expiry Review, Article 18 —Notice of Initiation—31/07/2026 Biodiesel—Case R861 United States of America Expiry Review, Article 11(2) —Notice of Initiation—31/07/2026 Biodiesel—Case R864 United States of America Partial Interim Review, Article 19 part —Notice of Initiation—31/07/2026 Biodiesel—Case R862 United States of America Partial Interim Review, Article 11(3) part —Notice of Initiation—31/07/2026 Hardwood plywood—Case R867 People’s Republic of China Anti-circumvention investigation, Article 13 —Notice of Initiation—24/07/2026 Glass beads (solid
GLOSSARY
The EC6 is a 700 MWe class heavy-water moderated and heavy-water cooled pressure tube reactor. Heavy water is a natural form of water used as a moderator to slow down the fission chain reaction neutrons in the reactor. It is one of the most efficient moderators and enables the CANDU design to use natural uranium as fuel, which is unique to CANDU reactors. One of the unique features of this reactor design is its ability to use alternative fuels such as recovered uranium from the reprocessing of used light water reactor fuel, low-enriched uranium and plutonium mixed oxide, thorium and actinides, in addition to the conventional natural uranium.
NEWS
The European Court of Auditors (ECA) has published a report, which found that the EU's plastic-based own resource, introduced in 2021, has faced challenges with data comparability and reliability, as well as recycling checks on plastic packaging waste. The report indicates that these issues led to an underestimation of the amount of non-recycled packaging waste by Member States—€1.1bn less for 2021, which had to be offset by another resource to balance the budget. Auditors also found that at least one key provision of Directive 94/62/EC (the Packaging and Packaging Waste Directive) had not been properly incorporated by Member States, that different countries use different compilation methods, and that only six Member States reported recycling data at the point of entry into the recycling operation, as required by the Directive.