Nuclear Law Insights & Articles

The Possible Impact on the Nuclear Industry in 2021

It is very clear, 2021 will be unique and challenging with many twists and turns to keep us all interested in trading opportunities. COVID-19, Brexit, the political changes in the US and strategic election in Europe being just a few of the high-level factors that will influence business decisions. None should be considered as unduly […]

06/10/2021

Coronavirus: The Interaction Between a Pandemic and Insurance Coverage, Part III

“I said whatever it takes – and I meant it”. These memorable words from our Chancellor, Rishi Sunak, were made earlier this week as he unveiled his ‘unprecedented’ financial rescue package for the economy in response to the rapidly evolving coronavirus situation. Further on in the same speech, he alsosaid: “let me confirm that, for those […]

Coronavirus: The Interaction Between a Pandemic and Insurance Coverage

Each day bringsfurther grim news of the spread of coronavirus in China and elsewhere; todaymentions of the virus have moved well beyond being the subject of internetjokes about Mexican beer now that Chinese deaths alone from the virus are around2,200. Arguments will doubtless rage for a long time on whether the Chinesewere too slow initially in […]

COVID-19 and Insurance Coverage: Pandemic Impact, Part II

”There’s a lot of panic at that moment that’s notwarranted. Short-term economic activity will contract and it will have animpact on global GDP, but it’s not like the world will end tomorrow.” These werethe words of global insurer Allianz’s CEO in late February; his words at thetime contrast with the decision on 12th Marchby Allianz’s wholly owned […]

Coronavirus: The Interaction Between a Pandemic and Insurance Coverage, Part Iv

Like almost every other economic sector, the insurance market’s response to the Wuhan Covid-19 virus has had to evolve rapidly to maintain pace with global developments. On Good Friday President Trump weighed into the debate, creating what one financial journalist described as the insurance sector’s ‘uh-oh moment ’; Trump said he “would like to see […]

Coronavirus: The Interaction Between a Pandemic and Insurance Coverage, Part V

‘The insurer utterly abandoned us and sought to mitigate their losses to zero’. These words, spoken by Mr Murray Pulman [1] of the Posh Partridge café in Dorset, capture the feelings of many of the hundreds of thousands of UK policyholders denied coverage by their insurers for Covid-19 business interruption claims. Relief might be coming for some […]

Risk Perception: Mistakes to Avoid When Assessing Corporate Risk

‘A trio of Covid-19 related risks heads up the 10th Allianz Risk Barometer 2021…’ states the introduction to this year’s eponymous survey of the key business risks of each year. Previous Risks What a surprise! Strangely enough, the pandemic did not feature in the top 10 business risks in last year’s (January 2020) survey (it was 17th), whilst the 3 surveys prior […]

Tipping the Scales: Legal Injunctions to Stop Fly-Tipping

Fly-tipping on farm land has been on the increase in recent years. It’s not just an irritating nuisance; fly-tipping can be very costly to deal with; it can pose a threat to humans, livestock and the environment; it can damage land and crops; and it can cause a blight on the locality. The National Fly-Tipping […]

The European Commission and Possible Reforms to Nuclear Third-Party Liability Insurance

Prospect Groupexperts have recently contributed to a study completed for the European Commissionon nuclear third-party liability (NTPL) insurance. The EC’s interest in morework on this topic was driven by the following factors:   The differing legal regimes for NTPL evidentwithin EU member states have led to wide disparity between the amounts ofstatutory financial security required by […]

Third Party Nuclear Liability Insurance – Will the Insurance Market Be Able to Cope With the Proposed Changes

About a year ago we published a blog about an EC study on nuclear liability and insurance; in that blog we commented on the reasons why this subject was of interest to the EC and gave a broad outline of the report’s content. The EC has now published the study and although there has been a delay in it […]

The European Commission’s Study on Possible Reforms to Nuclear Third-Party Liability Insurance: Recommendations Made

This blog is the final of three on the EC’s study on nuclear third party liability and insurance; previously we have written about the need for the study [1] and, once the report was published late last year, we covered the current difficulties the insurance market is having with some of the revisions to the nuclear liability […]

European Commission Asserts Jurisdiction to Review Merger of Two US Corporations – Illumina Inc. Files Annulment Suit in Response.

Prospect Law Life Sciences – Article 22, EU Merger Regulation 139/2204 Illumina Inc’s proposed acquisition of Grail Inc, which it had spun out in 2016, has raised potential competition issues on both sides of the Atlantic and will also be of interest to companies in the life sciences sector. Illumina, based in California, is a […]

UK-China Investment and Trade: What’s Next?

In the spring of 2011, I came to the UK to assist a Chinese client in negotiating and completing the acquisition of a European group of companies which was headquartered in the UK. At that time, the Chinese “Belt and Road” Initiative had not been initiated, and the momentum for Chinese companies to invest in […]

COP26 and the UK’s Net Zero Strategy

COP 26 is the 26th Conference of the Parties to the United Nations Framework Convention on Climate Change ‘UNFCCC’. It is due to take place in Glasgow, Scotland on 1st to 12th November 2021, and it is widely seen as a turning point in the heated debates about what can, and should, be done to address climate […]

05/10/2021

Wholesale Energy Prices: Oil, Natural Gas and Electricity Between July – September 2021

Oil   Crude prices continued their ascent to close the period at their highest level in four years when spot prices peaked at $85 /bbl in October 2018. Dated Brent prices have already increased 25% this year to date and the wind remains in the market’s sails amid surging petroleum products’ demand by South East Asian and […]

The UK’s Free Trade Agreement With Japan: Upcoming Trade Missions

Following the successful Free Trade Agreement with Japan the UK Government’s Department for International Trade is undertaking a series of business focused UK-Japan Trade Missions commencing with the launch event on 2nd March. Given Japan is the worlds third largest economy and relies heavily on nuclear power this is a market that UK companies should positively […]