This dispute is a further addition to a series of recent cases in which lenders have attempted to resist making payment, or sought recovery of payments made, under letters of credit, on the purported basis that the underlying contracts are fraudulent in nature.
For Heavy Industries Power Purchase Agreements (PPAs) are crucial for sustainable energy and – where needed – green hydrogen production, with tailored contracts addressing specific needs and regulatory frameworks.
This article examines the recent judgment of the Singapore Court of Appeal on the Nullity Exception that might also avail the banks. We consider whether it deserves another look or if it is time to close it down completely.
Read the 178th edition of our weekly update on Italian labour law.
A look at key aspects of the new UK Listing Rules and other recent developments of note.
In this edition of Commercial Disputes Weekly, we discuss the Supreme Court’s reasons for granting an anti-suit injunction in support of a Paris arbitration, as well as decisions on agency, climate issues in planning permission and abusive proceedings.
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In this article, Mike Phillips and Archit Dhir discuss the law as to undisclosed principals in the context of liability under letters of indemnity, as raised in the recent decision in Yangtze Navigation (Asia) Co Ltd & anor v TPT Shipping Ltd & ors (The “Xing Zhi Hai”) [2024] EWHC 2371 (Comm).
Like many European economies, Germany is transitioning to a service economy.
Capital efficiency drives cost-effective investments in renewable energy. Joint ventures are becoming popular as they align interests and offer stable returns amidst rising decarbonisation efforts. However, they must navigate the challenges in return expectations, investments horizons and expertise to succeed.
