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

Publishers Are Taking the Internet to Court

In a lawsuit against the Internet Archive, the largest corporations in publishing want to change what it means to own a book.
When Covid-19 struck, hundreds of millions of students were suddenly stranded at home without access to teachers or libraries. UNESCO reported that in April, 90 percent of the world’s enrolled students had been adversely affected by the pandemic. In response, the Internet Archive’s Open Library announced the National Emergency Library, a temporary program suspending limits on the number of patrons who could borrow its digital books simultaneously.

Judgment


Bedford Row Capital launches first sukuk for UK property market

UK 
Islamic finance 
First Sukuk launched for UK property market
Bedford Row Capital (BRC) has issued a USD50 million, three year sukuk to finance the expansion of P1 Capital Ltd, (P1) a UK boutique asset-management group focusing on asset backed investments in the UK property sector. All investments are secured on UK property by legal charges, debentures and corporate/personal warranties. P1 carries out rigorous due diligence on all projects to protect investments and actively monitors performance throughout the lifecycle of projects.

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