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Inflation Reduction Act
Financing ESCO Energy Efficiency Projects
The project financing of energy efficiency projects is gaining traction, fueled in part by the embrace by the business community – including lenders – of sustainability policies and the adoption of environmental, social and governance (ESG) standards and goals as...
Decree No. 34 of 2021 Concerning the Dubai International Arbitration Centre Impacting DIFC-LCIA Arbitration – Update
Described as aggressive yet progressive, on 14 September 2021, Sheikh Mohammed bin Rashid Al Maktoum, Ruler of Dubai, issued Decree No. 34 of 2021 (the “ Decree ”), accompanied by the Statute of Dubai International Arbitration Centre (the “ Statute...
Public Private Partnerships: USA
General PPP Framework: USA Overview How has the concept of public-private partnership (PPP) developed in your jurisdiction? What types of transactions are permitted and commonly used in your jurisdiction? The integrated delivery model recognised as PPP is a relatively recent...
Public Private Partnerships: Overview
Even though there is no unanimously recognised definition of a public-private partnership (PPP or P3), global market participants normally use these this term and its two acronyms to refer to a specialised model of project delivery where a governmental institution...
ICLG: UK Renewable Energy Law and Regulations 2022
United Kingdom 1. Overview of the Renewable Energy Sector 1.1 What is the basis of renewable energy policy and regulation in this jurisdiction and is there a statutory definition of ‘renewable energy’, ‘clean energy’ or equivalent terminology? The Promotion of...
PF in the Early Stages of Hydrogen
Hydrogen, and especially green-hydrogen, is the current buzz word of the energy transition. The long-term theoretical potential of green hydrogen to be a major part of the energy transition and help decarbonise the planet is undeniable. However, the abundance of...
Taxpayers Get Answers on 45Q Questions With IRS Guidance
The Internal Revenue Service released helpful guidance in Revenue Ruling 2021-13, regarding the scope of carbon capture equipment and the requirement that a taxpayer own the carbon capture equipment to qualify for carbon sequestration credits under Internal Revenue Code Section...
Anti-Concealment in the Kingdom of Saudi Arabia
The Saudi Ministries of Commerce and Justice, and the Zakat, Tax and Customs Authority (collectively the “ Saudi Authorities ”) have recently and significantly beefed up their approach to parties breaching anti-concealment legislation in the Kingdom, i.e. foreign entities unlawfully...
Understanding Nigeria’s Petroleum Industry Act
Over two decades in the making, the Petroleum Industry Act (PIA) has become law and establishes a new reality for Nigeria’s oil and gas industry. The scale of the changes implemented by the PIA is widespread and profound – it...
SEC Is Still Cyber Serious About Disclosures
On the heels of the First American enforcement action and settlement , this week, the SEC announced a settlement with Pearson plc in connection with a 2018 cyber breach. The SEC disclosed that Pearson, a London-based educational company, agreed to...
Sustaining the Green Energy Revolution
As greenfield renewable energy developments accelerate in size and volumes, while potential investors begin to rumble about sky-high prices in the renewables secondary market, questions are being asked whether a bubble is forming. We consider (on the back of our...
President Signs Executive Order Directing Federal Agencies to Promote Competition and Increase Antitrust Enforcement
On July 9, 2021, President Biden issued Executive Order 14036 , “Promoting Competition in the American Economy,” which broadly targets anticompetitive practices and corporate consolidation across many sectors of the U.S. economy. The ambitious and wide-ranging Executive Order contains 72...
Supreme Court's Ruling in Goldman Sachs Leaves Open a Path for Securities Fraud Claims Based on Generic ESG Statements
In April, we analyzed whether a corporation’s purely generic public statements on environmental, social and governance (“ESG”) issues could form the basis of a subsequent securities fraud action. At the time, we identified a case pending before the United States...
Khan Confirmation to FTC Foreshadows More Aggressive Antitrust Agenda
Earlier this week, Columbia Law School professor Lina Khan was confirmed by the U.S. Senate to fill the 5 th seat on the Federal Trade Commission, giving Democrats a 3-2 majority on the competition and consumer protection agency. The Senate...
UAE and Israel Sign Tax Treaty
On Monday, 31 May 2021, the UAE and Israel signed a tax treaty in order to boost economic cooperation. It is expected that, following ratification later this year, the treaty will come into effect on 1 January 2022. The move...