Publication
New Internal Regulations of the National Energy Commission
The Internal Regulations of the National Energy Commission or “CNE” were published in the Federal Official Gazette.
Updates to the Nordic Plan
Global | Publication | September 2024
The Nordic Plan is a preferred insurance plan increasingly used by ship operators and approved by financial institutions. This is based on the 2013 plan, last updated in 2023. Despite this, there are concerns that certain provisions in the plan are too narrow, leading to a refusal of cover in a number of recent cases, most recently in relation to the detention of a vessel by Houthi rebels in Yemen, which the insurers argued fell outside the loss of hire war risks insurance.
As a result of this, BankServe recently wrote to their clients advising against the use of the Nordic Plan for any war insurances. If you would like to find out more about BankServe’s reservations on this cover and how these concerns may be addressed, particularly in current circumstances of increased interference with international shipping by non-state parties, please contact us.
Recent publications
Publication
UK Pensions Briefing | Pensions Regulator publishes its first Annual Funding Statement under the new funding code
The Regulator’s annual funding statement for private sector DB schemes was published on April 29, 2025. It is the first such statement since the new DB funding regime came into force from September 22, 2024, onwards.
Publication
A deeper challenge: First nations underwater cultural heritage in Australia
The destruction of the 46,000-year-old Juukan Gorge rock shelters in 2020 was a wakeup call for project proponents on the importance of successfully managing Aboriginal and Torres Strait Islander cultural heritage risks.
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