Friday, October 30, 2015 2:30 pm by Alastair Young and Eimear Murphy
A “Race to The Top” to Tackle an Atrocious Global Problem
Companies or partnerships carrying on business in the UK with an annual turnover of £36 million (around US$55.5 million) or more will now, for the first time, be required to publish an annual statement setting out the steps they have taken to ensure that there is no modern slavery or human trafficking in their own business and their supply chains.
This is not sector specific such that only banks or energy companies (for example) are impacted. This is relevant for all companies who fall within these new reporting obligations. (more…)
Category: Courts, European Energy Law, Regional Energy Law, Uncategorized
Monday, February 9, 2015 5:44 pm by Joshua Zive, Philip Bezanson and Jeff Vaden
Understanding the risks associated with local corruption, and how to comply with anti-bribery laws such as the UK Bribery Act the US Foreign Corrupt Practices Act (“FCPA”), has become a necessary aspect of doing business internationally. As companies look for opportunities to do business in Africa, the fight against corruption will need to be an integral part of planning new ventures and transactions.
With a continent as vast and diverse as Africa, one must be careful about making blanket generalizations about corruption in Africa. For example, using statistics compiled by Transparency International, one can see that some African countries, such as Ghana and South Africa, have corruption ratings that indicate they are less corrupt than the worldwide average. At the same time, the vast majority of African nations are classified as more corrupt than the worldwide average, and countries such as Nigeria, Kenya, and Zimbabwe have corruption ratings that place them among a group of the countries where corruption is most prevalent in the world. These facts led the Vice President of Botswana to state last year that “our continent has and is still suffering from the deadly disease of corruption.” (more…)
Category: Regional Energy Law, Uncategorized
Tuesday, July 15, 2014 8:23 am by Alastair Young and Nicholas Neuberger
The English High Court has overruled an arbitrators’ decision to hold that a clause requiring “friendly discussions” prior to commencing arbitration is an enforceable condition precedent to arbitration under English law.
This judgment is interesting because mere “agreements to negotiate” are generally unenforceable under English law because they are too uncertain to enforce (Walford v Miles  2 AC 128). This case is especially interesting for the energy sector because it deals with the English law interpretation of escalation or multi-tiered dispute resolution clauses that are common in energy and natural resources joint venture and high value agreements (see for example the AIPN Model International Joint Operating Agreement). Multi-tiered dispute resolution clauses can provide that parties must first engage in alternative dispute resolution, such as negotiation, referral to senior management, referral to a third party expert and/or mediation (which is not without its costs) before a dispute can be referred to the Courts or to arbitration. (more…)
Category: European Energy Law, Litigation, Uncategorized
Wednesday, February 26, 2014 2:14 pm by David Perlman, Jennifer Lias and Robert E. Pease
On July 16, 2013, the Federal Energy Regulatory Commission (“FERC”) issued an order finding Barclays Bank PLC (“Barclays”), Daniel Brin, Scott Connelly, Karen Levine, and Ryan Smith (together with Barclays, “Defendants”) in violation of FERC’s anti-manipulation regulations and assessed significant penalties. The Defendants chose to have the validity of the order tried de novo in federal district court, and on December 16, 2013, filed a Motion to Dismiss the FERC action. On February 14, 2014, FERC filed an Opposition to the Motion to Dismiss previously filed by the Defendants.
This case represents the first time a FERC electric market manipulation claim is being adjudicated in a federal district court. The court’s ruling could have significant implications for FERC’s jurisdiction in a manipulation action that involves financial transactions and its authority with regard to wholesale power markets. (more…)
Category: Courts, Electric, FERC, Organized Markets, Power, Uncategorized
Friday, January 10, 2014 2:52 pm by Michael Weller and Jason Hutt
Region 9 of the U.S. Environmental Protection Agency yesterday made available the finalized National Pollutant Discharge Elimination System (NPDES) general permit applicable to discharges from oil and gas exploration facilities offshore Southern California. NPDES General Permit No. CAG280000 (2014 NPDES General Permit), issued under provisions of the Clean Water Act, authorizes discharges from exploration, development and production facilities located offshore of Southern California in accordance with specified effluent limitations, monitoring and reporting requirements and various other conditions.
The final 2014 NPDES General Permit includes certain new requirements that EPA indicates were added to address offshore hydraulic fracturing operations, including increases in the monitoring requirements associated with produced water discharges and new inventory and reporting requirements. (more…)
Category: Enforcement, Environmental, National Energy Law, Offshore, Uncategorized, Upstream Energy
Wednesday, January 16, 2013 4:11 pm by Michelle McCormick
HOUSTON — Bracewell & Giuliani LLP announced today that it is adding energy Partners Julian Nichol and Alastair Young to its London office. Nichol will serve as the office’s managing partner. These additions will serve to expand and enhance Bracewell’s globally recognized energy practice.
“We are excited to be welcoming Julian and Alastair to the firm,” said Bracewell Managing Partner, Mark C. Evans. “It is important for us to be able to serve our clients in all areas of the globe in which they do business. London is a key jumping off point. I foresee significantly more attorney growth for us in London over the next 12 to 18 months,” added Evans. (more…)