Mining and natural resources

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Mining and natural resources

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Positive legislative developments afoot for South Africa’s oil and gas industry

Representatives of the Department of Mineral Resources have briefed the National Council of Provinces on significant developments relating to the Mineral and Petroleum Resources Development Amendment Bill 15 of 2013. Here’s what’s new.

Law Firm: Bowmans | Published: 16 November 2016 | Practice Area: Central Government

Saudi Electricity Company releases RfP for two solar projects

Against a backdrop of persistently soft oil prices, the Kingdom of Saudi Arabia is pivoting away from the direct procurement of generation capacity and re-invigorating the privately-financed IPP model.

Law Firm: Reed Smith | Published: 15 November 2016 | Practice Area: Projects

Phasing out of fossil fuel subsidies: Will G20 leaders agree on deadline?

At the G20 Summit in Hangzhou, China, in September 2016, the G20 leaders reaffirmed their commitment to rationalise and phase-out inefficient fossil fuel subsidies. Expectations are growing that a time limit for ending fossil fuel subsidies will be agreed at the 2017 Summit in Hamburg, Germany.

Law Firm: Latham & Watkins | Published: 14 November 2016 | Practice Area: Energy

Letters of credit: when not to pay

A recent case has explored when a bank will be relieved of its duty to make payment under a letter of credit in a situation where the payment terms of the underlying contract are subject to a dispute under foreign law proceedings.

Law Firm: Gowling WLG | Published: 10 November 2016 | Practice Area: Banking and Finance

New UK foreign investment controls may restrict PE deals

As part of UK Prime Minister Theresa May’s new industrial strategy, private equity deal teams should expect a more interventionist approach to the acquisition of strategically important UK businesses by foreign buyers.

Law Firm: Latham & Watkins | Published: 09 November 2016 | Practice Area: Central Government

Rating: 2 people found this useful

High Court upholds recovery of third-party funding costs from opponent

The High Court recently upheld an arbitrator's award which ruled that nearly £2 million of arbitration funding costs were "other costs" within the meaning of the Arbitration Act 1996 and were therefore recoverable from the Claimant.

Law Firm: Gowling WLG | Published: 18 October 2016 | Practice Area: Litigation and Dispute Resolution

Rating: 4 people found this useful

Fracking up the pressure

On 6 October 2016, the Secretary of State for Communities and Local Government (SoS), issued decisions in relation to four separate appeals made by the natural resources exploration and production company, Cuadrilla.

Law Firm: Shoosmiths | Published: 17 October 2016 | Practice Area: Litigation and Dispute Resolution

High Court of Kenya litigates its first competition case

The High Court of Kenya handed down judgment on the first competition case in Kenya, in the matter between Mea Limited and the Competition Authority of Kenya, in August this year.

Law Firm: Bowmans | Published: 10 October 2016 | Practice Area: Non-EU Competition Law

Hard times in the oil patch: tax implications for investors in the era of price fluctuations

The current decline in oil prices is having a great many unexpected and unwanted consequences, many of which may turn into long-lasting troubles for the oil and gas industry − and especially for its investors.

Law Firm: DLA Piper | Published: 04 October 2016 | Practice Area: Oil

China to Promote Green Finance at G20

As this years’ G20 Summit destination, China is maximising its role as the host nation to not only highlight its position as an economic superpower, but also to push for continued commitment to climate change and showcase its market-leading role in green finance.

Law Firm: Latham & Watkins | Published: 05 September 2016 | Practice Area: Central Government

Rating: 2 people found this useful

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