Case Highlights

SEADRILL GHANA OPERATIONS LIMITED v. TULLOW GHANA LIMITED
ENGLAND AND WALES HIGH COURT

Drilling for oil is a risky business. Oil companies seek to protect themselves against the financial consequences of risk by appropriate clauses in their contracts, for example, by a force majeure clause. This case concerns a contract for the hire of an ex pensive oil rig which contained such a clause. During the course of a territorial sea dispute between neighbouring states the arbitration tribunal determining that dispute required drilling to cease in the disputed sea where drilling was to take place....

Article Highlights

Sukuk issuance seen recovering from COVID stress

GLOBAL
Islamic finance
Sukuk supply expected to increase
Global sukuk issuance volumes are expected to recover and reach last year’s levels in 2020 despite the unprecedented stress from the coronavirus pandemic, according to Fitch Ratings. As market conditions further recover, sukuk supply is expected to increase with increased funding needs.

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U.S. lawmakers detail Big Tech's market abuses and press for strict reform

US
Panel recommends Amazon, Apple, Facebook and Google be restructured, reforms to antitrust law
A U.S. House of Representatives panel looking into abuses of market power by four big technology companies found they used “killer acquisitions” to smite rivals, charged exorbitant fees and forced small businesses into “oppressive” contracts in the name of profit. The antitrust subcommittee of the Judiciary Committee recommended that Alphabet Inc's GOOGL.O Google, Apple Inc AAPL.O, Amazon.com AMZN.O and Facebook FB.O - with a combined market value of over $5 trillion - should not both control and compete in related businesses.

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