Publication
Regulation and lending during a cost of living crisis: Five global themes
The days may now be lighter, but the nights are still far too long and sleepless for many as they contemplate the heavy burden of the cost of living.
Review force majeure clauses before storms hit
Law360
A blast of arctic air across much of the US resulted in below-freezing temperatures, equipment failures and widespread loss of power last month, as electricity generators struggled to meet demand. Most of the power losses were in Texas, which is home to a large swath of petrochemical production facilities, among many other major energy and industrial operations.
Multiple manufacturers and producers shut down or lost operations as a result of the winter storm, leading to supply chain disruptions. As temperatures rise and businesses focus on the aftermath of the storm, now is the time to consider whether or not performance has been excused by force majeure clauses.
Recent publications
Publication
Amendments to the notices provision under the IDSA 2002 Master Agreement and alignment of the treatment of ISDA Credit Support Annexes in the context of an Illegality and a Force Majeure event
Publication
UAE tax: The next stage of evolution
June 2023 will mark another stage in the evolution of the UAE’s tax regime. It is now five years since the UAE introduced value-added tax; in that time, businesses including Islamic have developed operating procedures to cater for the tax. Now, they will have to adapt further as the UAE introduces a corporate income tax.
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