Publication
UK Carbon Border Adjustment Mechanism: how will it work?
In February, we reported on the Department of Energy Security and Net Zero’s confirmation that a UK Carbon Border Adjustment Mechanism (CBAM) would be bought into force by 2027
Global | Publication | May 2014
The China (Shanghai) Pilot Free Trade Zone Arbitration Rules (the SFTZ Rules) published by the Shanghai International Economic and Trade Arbitration Commission (SHIAC).
SHIAC (also known as the Shanghai International Arbitration Centre) was previously the Shanghai subcommission of CIETAC, the most well-known of the Chinese arbitration commissions. However, as reported in issue 1, it recently broke away from CIETAC following the publication of new CIETAC arbitration rules in 2012. The issue of the SFTZ Rules, which took effect on May 1, 2014, therefore reinforce SHIAC’s new independence from CIETAC.
Highlights of the SFTZ Rules include
It is also disappointing that, in the absence of party agreement, the default language of proceedings is Chinese.
Parties can also apply to SHIAC to constitute an emergency tribunal (of one arbitrator appointed by SHIAC from its list) during the period between the acceptance of a case and the constitution of the tribunal.
This process may not be very familiar to readers outside of Asia, but it is commonly employed in China, in particular for small-value claims.
Publication
In February, we reported on the Department of Energy Security and Net Zero’s confirmation that a UK Carbon Border Adjustment Mechanism (CBAM) would be bought into force by 2027
Publication
Last November the Financial Conduct Authority (FCA) published Policy Statement 23/16 (PS23/16) containing final rules and guidance on sustainability disclosure requirements (SDR) and investment labels (UK SDR regime).
Publication
International financial markets have started to show significant interest in nature and biodiversity. Whilst climate change and greenhouse gas emissions have made the headlines in recent years, there has been much less focus on their equally important counterparts, nature and biodiversity. However, that has started to change.
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