High Court Reaffirms FOS Discretion to Depart from the Law When “fair and Reasonable”

The recent case of R (Aviva Life and Pensions) v Financial Ombudsman Service discusses and reaffirms the position that the Financial Ombudsman is not bound to follow the law when making its determinations but must instead make decisions that are “fair and reasonable in all the circumstances”. View Full Post
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Blockchain – a New Era for the Energy Market?

By | Latham.London | March 23, 2017
By Paul Davies, Fiona Maclean and Stuart Davis Blockchain is more widely recognised as the underlying software technology used for the cryptocurrency Bitcoin. This technology is also being increasingly applied to alternative opportunities, including in the energy sector. In its simplest form, a blockchain is a shared, and continually reconciled, database. View Full Post
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US Environmental Regulations to Face Rollbacks, but Reform Likely to Be Tempered by Legal Barriers

By | Latham.London | March 9, 2017
By Joel Beauvais, Claudia O’Brien, Bridget R. Reineking and Andrew Westgate. Since assuming office in January, President Donald Trump – with the support of Congress – has stated his intention to roll back “burdensome” U.S. environmental regulations. The White House and Congress aim to reverse several of President Obama’s regulations on air and water pollution, land use, and greenhouse gases emissions.  View Full Post
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“Final Warning” On Air Pollution from the European Commission

By | Latham.London | March 7, 2017
By Michael Green, Elisabetta Righini, Joern Kassow, Rosa Espin, Eun-Kyung Lee, and Cesare Milani. On 15 February 2017, the European Commission (the Commission) sent final warnings (a Reasoned Opinion) to France, Germany, Italy, Spain and the United Kingdom for failing to comply with the air pollution limits for nitrogen dioxide (NO2). View Full Post
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China Will Issue “Green Certificates” for Renewable Energy

By | Latham.London | February 17, 2017
By Paul Davies & Andrew Westgate China’s National Development and Reform Commissions (NDRC) – the country’s chief economic planning body – announced that a “green certificates” program for solar and wind power will be launched beginning on July 1, 2017. The certificates issued by the program will be similar to the Renewable Energy Credits issued in the United States, and will each represent 1MW of electricity output from solar or wind generation.  View Full Post
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First Major LIBOR Rigging Claim Dismissed by Financial List Judge: Speedread

After a 38 day trial, Mrs Justice Asplin handed down a 187 page judgment just before Christmas in the long-running Property Alliance Group Ltd v The Royal Bank of Scotland plc. She rejected claims of mis-selling, breach of good faith obligations and misrepresentations associated with LIBOR. View Full Post
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