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Oil & Gas: Resolving inconsistent quality determination provisions for the sale of fuel oil

United Kingdom - August 7 2020 In Septo Trading Inc. v Tintrade Limited 2020 EWHC 1795 the Commercial Court considered whether a certificate of quality for fuel oil was final and...

Madalena Houlihan, David Rutherford.

Oil & Gas Shipping - Commercial Court Examines Legal Effect of “Subject to Approvals”

United Kingdom - August 7 2020 In doing so, the Commercial Court noted that, generally speaking, there are two alternative effects: (i) the “subject” could be a “pre-condition” to...

Andrew Shaw, David Rutherford, Ian Herbert.

Energy Regulation - REMIT: Further clarity on what constitutes inside information

United Kingdom, European Union - July 28 2020 In recent months the Agency for the Cooperation of Energy Regulators (“ACER”), the EU agency which oversees the Regulation on Wholesale Energy Market...

Filip Radu, Louis Peacock-Young, Louise Dalton.

Oil & Gas: Limited duties of ‘pure intermediaries’

United Kingdom - July 28 2020 In CH Offshore Limited v Internaves Consorcio Naviero SA, Maritima Altair Petromar SA, Lamat Offshore Marine Inc., the Commercial Court has rejected...

Eleanor Lane, Louis Peacock-Young, Ted Rhodes.

FTT considers scope of UK tax charge on benefits relating to oil fields

United Kingdom - July 13 2020 In the recent case of Royal Bank of Canada v HM Revenue & Customs 2020 UKFTT 0267 (TC), the First Tier Tribunal considered whether UK corporation...

Philip Reid, Madalena Houlihan, Aaron Fairhurst.