Nuclear Law Insights & Articles

Building a Social License to Operate: Human Rights, Security and Effective Grievance Procedures

A social license to operate is essential for businesses seeking community acceptance and sustainable growth. Let’s explore the key components of this critical concept. Community Engagement Activities: Companies should actively engage with local communities to understand their needs, concerns, and aspirations. Meaningful dialogue fosters trust and helps build a positive relationship between the company and its stakeholders. […]

20/03/2022

FEBRUARY 2022

Maritime Law Prospect exchanges Witness Statements in a claim at the London Court of International Arbitration between a MENA Region based supplier and an EU based commodities trading organisation Planning Law Prospect appears on behalf of Hackney London Borough Council at a hearing concerning an appeal against the service of an advertisement removal notice under […]

01/03/2022

NOVEMBER 2021

Articles and Presentations Prospect contributes an article to the Wind Energy Network Magazine dealing with the growing impact on and importance of ESG requirements on the wellbeing of UK renewable energy companies. Read Article Corporate & Commercial Law Prospect is instructed to advise a UK engineering and waste handling and recycling company on a contractual […]

01/12/2021

OCTOBER 2021

Awards Prospect is ranked as a leading specialist energy law firm in Chambers & Partners READ MORE Corporate and Commercial Law Prospect is instructed by a leading construction and waste management company to advise on contractual arrangements for a major development project within the EU Environmental and Planning Law Prospect is instructed by Hackney London […]

01/11/2021

Mitigating the Effects of the Curse of Resources: Csr Strategy

In my last blog I looked at some of the security consequences of the Curse of Resources; using the specific examples of Nigeria and Egypt. In this blog I will look at some of the social consequences of the Curse of Resources, and consider the role that can be played by Corporate Social Responsibility (CSR) […]

07/10/2021

Wholesale Energy Prices: Oil, Natural Gas and Electricity as at January 2021

In this article, Dominic Whittome covers recent changes to wholesale energy prices. Oil Energy prices continued to climb across the board with petroleum leading the field as crude prices rose by over 28%. The relatively modest price environment over 2016 to 2020, followed by the sharp price fall once the pandemic took hold last April, […]

06/10/2021

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 […]

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 […]