This is an extract of our article in the GAR’s The Middle Eastern and African Arbitration Review 2023. The whole publication is available here.
This article outlines some of the legal concepts faced by investors and African states involved in large energy projects when a sudden change in the legal and economic context arises, and the disputes around these concepts. It also gives insight into two trending issues for energy projects in Africa that could give rise to contractual renegotiations and arbitrations in the years to come.
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On 5 November 2025, the Financial Reporting Council (FRC) published an update to the Remuneration section (Section 5) of its Corporate Governance Code Guidance (Guidance) to clarify the approach to share-based remuneration for non-executive directors.
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In February 2024 we published a briefing note, MiFIR and MiFID II review: ten key things that EU financial institutions should know, which summarized the key features of the draft legislation that was generally known as the ‘MiFID II / MiFIR review’ and was designed to update both the Markets in Financial Instruments Directive II (MiFID II) and the Markets in Financial Instruments Regulation (MiFIR).
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Afghanistan’s power sector is the cornerstone of the country’s economic development agenda, underpinning ambitions of industrialisation, economic growth and improved living standards. Despite the abundant resources - including hydropower, solar, wind and gas - Afghanistan continues to face energy access challenges.
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