Gas to Power Innovation Drives Global Opportunities By John Balsdon and Matthew Brown By Way of Background Gas to power (G2P) projects provide an effective solution to power shortages around the globe. As the global demand for power continues to rise, outstripping supply in many nations across the world, existing power generation facilities cannot meet the needs of fast-growing economies and available domestic fuel sources are in many of those economies declining.   View Full Post
Increased Flex Amid Record Liquidity in European Leveraged Loans Requires Careful Navigation by PE Firms By Chris Kandel The European leveraged loan market is going from strength to strength, with a continuing surplus of available credit compared to deal requirements, resulting in very borrower-favourable terms. However, we are seeing signs of a two-tier market emerging, with strong demand and pricing reductions for deals perceived as stronger credits, alongside an increase in flex for some other credits. View Full Post
Payments Innovation and Competition in Retail Banking Services Stay High on FCA Agenda for 2018 By Stuart Davis and Brett Carr Driven by payments innovation and new regulation, 2018 is cited as the year for some of the most significant changes retail banking has seen. At the Westminster Business Forum for Digital Payments, Adoption, Innovation and Policy Priorities, Graeme McLean (Head of Banking, Lending & Distribution at the FCA) appraised a panel and audience including legislators, innovators, and market infrastructure providers on the regulatory state of play heading into 2018. View Full Post
French Employment and Tax Reforms Set to Boost Private Equity Buyouts By Matthias Rubner, Denis Criton, Olivia Rauch-Ravise and Bénédicte Bremond Click for larger image President Macron recently unveiled employment and tax reforms to increase France’s appeal for deal makers. While France ranks highly as an investment destination for private equity firms, complex and inflexible French employment laws have been perceived as a hindrance — perpetuating the belief that France can be an unfriendly jurisdiction for businesses and investors. View Full Post
Unified Patent Court Update: Ratification Could Take Place in the Coming Months By Deborah Kirk The Delegated Legislation Committee’s (DLC) support for the Unified Patent Court (Immunities and Privileges) Order 2017 (the Order) suggests a swift approval of the Order by the House of Commons. Presuming a rapid approval by the House of Lords thereafter, this could mean the Unified Patent Court Agreement (UPC Agreement) is ratified by the end of 2017 or early 2018. View Full Post
ICC Court Clarifies Summary Dismissal Procedure in Arbitration By Charles Rae In a revised practice note, the ICC Court of Arbitration has provided guidance on the procedure for determining applications for summary dismissal of unmeritorious claims and defences in arbitrations conducted under the ICC Rules. The revisions are important because the ICC Rules do not otherwise contain a process for dismissing claims or defences on a summary basis. View Full Post
UK Government Focuses on Real Estate and the Digital Economy in Autumn 2017 Budget By Karl Mah and Sean Finn Against a stormy backdrop of government instability and Brexit uncertainty, the 2017 Budget was always unlikely to rock the boat. The Chancellor chose not to launch a sweeping attack on “ tax avoiders” in light of the public outrage over the Paradise Papers, instead targeting announcements in this area at specific perceived abuses. View Full Post