OCTOBER 2023

In the complex landscape of risk management, businesses often find themselves at a crossroads when considering insurance options. Two prominent choices emerge: discretionary mutuals and corporate insurance. Each avenue presents distinct advantages and disadvantages, necessitating a thorough understanding to make informed decisions tailored to organizational needs.

Our monthly overview of our work activity, recent instructions and firm news.

Dispute Resolution & Litigation

Prospect appears at the International Chambers of Commerce (ICC) in a commercial dispute on behalf of a MENA Region based engineering and construction company.

Maritime Law

Prospect is instructed to represent a major Dutch consumer electronics manufacturer in an insurance coverage dispute concerning a cargo of newbuild machines sitting at dockside in the MENA Region.

Environmental Law

Prospect represents an English Borough Council at an interim hearing into a prosecution against a utility contractor for the destruction of trees protected under the terms of an Area Tree Preservation Order (TPO).

Insight - The ‘Laura Maersk’: A Green Milestone At Sea

Maersk ship ‘Laura Maersk’ made history as the first green methanol-fueled vessel to grace the seas. Launched in Copenhagen on September 14th by EU Commission President Ursula von der Leyen, this 172-meter-long container ship, crafted by Hyundai Mipo Shipyard in Ulsan, South Korea, signifies a promising stride along the maritime industry’s path to climate neutrality.

Awards

Prospect is listed as a Tier 3 leader for 2024 in the London category of Energy, Projects and Natural Resources for the Legal 500 reference guide for the UK legal profession.

Immigration Law

Prospect is instructed to advise in relation to a sponsor application for a UK company.

Environmental Law

Prospect is instructed to carry out environmental due diligence in relation to a corporate acquisition in the UK. 

Insight - Biden Administration Invests $12 Billion To Boost Electric Vehicle Production

The Biden administration on Thursday announced its plans to invest more than $15 billion in grants and loans to support the auto industry’s transition to electric vehicles.

Dispute Resolution & Litigation

Prospect appears at the High Court in an injunction and related damages application concerning alleged breaches of covenants affecting ex-employees and competitor companies. 

Media

Prospect publishes its October Newsletter – click here to view the October Newsletter here.

Risk Mitigation & Transfer

Prospect is instructed to advise on issues affecting the establishment and management of a professional services mutual in a Commonwealth country

Insights - Energy Highlights Q4’23

Our Energy Economist, Dominic Whittome shares his Energy Highlights Report on oil, natural gas and electricity prices at the start of 2023. Delving into the dynamics of oil, natural gas, and electricity prices, this marks the commencement of a comprehensive 3-part blog series.

Agribusiness & Commercial Law

Prospect is instructed to represent a UK wide cooperative organisation on a range of contractual, management and constitutional issues. 

Immigration Law

Prospect is instructed in relation to applications for family visas to the UK. 

Commercial Law

Prospect is instructed to advise a US industrial corporation on UK Companies House regulations affecting the ownership of commercial property by overseas entities.

Planning Law

Prospect is instructed to advise a London Borough Council in relation to issues surrounding the flying of national flags in the context of ongoing international disputes and the provisions of the 1992 Control of Advertisement Regulations

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