
Publication
Blue Bonds: Making a splash in the Capital Markets
In 2018, the Republic of Seychelles launched the first-ever “blue bond”, with the support of the World Bank Group and the Global Environment Facility.
The European Commission (EC) has just published a European Wind Power package including a Wind Power Action Plan, which aims at helping the European wind industry navigate the current challenging context (i.a. covid recovery, Russia’s invasion of Ukraine, problems of access to raw materials).
The Action Plan lists the key issues identified by the EC (e.g. rising inflation, unpredictable demand, lengthy and difficult permitting process, unfair competition from foreign operators) and proposes measures, organised around six main areas, like access to finance and fairer competition, to deal with these issues. The EC notably points to its band new powers to review Foreign Subsidies that may distort competition within the European market and calls for pro-active engagement of European operators in this regard.
Although this Action Plan should be welcomed as it aims to protect Europe's green industry and strengthens the initial measures outlined in Fit for 55 package and the Renewable Energy Directive (RED III), from a French perspective, it questions the adequacy of the measures recently introduced by the legislator (as the recent Law of 10 March 2023 to encourage the acceleration of renewable energy projects) to sufficiently accelerate the development of renewable energy projects in general and wind power projects in particular, and our economic and energy sovereignty.
Publication
In 2018, the Republic of Seychelles launched the first-ever “blue bond”, with the support of the World Bank Group and the Global Environment Facility.
Publication
We are delighted to be participating in Marine Money Week New York 2025. As one of the landmark events for the global shipping finance community, and with the global shipping and maritime industry at such a pivotal juncture, we look forward to catching up with clients and contacts to continue discussions around navigating the current challenges and opportunities.
Publication
On 8 May 2025, the Court of Justice of the European Union (the CJEU) delivered its ruling in case C-581/23 (the Ruling), providing guidance on one of the conditions for an exclusive distribution agreement to benefit from the block exemption under Article 4(b)(i) of the 2010 Vertical Block Exemption Regulation (the VBER)1, notably the so-called ‘parallel imposition requirement’.
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