Publication
Compliance Quarterly Türkiye
In this issue of Compliance Quarterly Türkiye, we continue to inform you of global and local compliance rules and regulations impacting Turkish businesses.
Disruptive technology as a driver of M&A across the infrastructure, mining and commodities industries – key trends
Global | Publication | January 2019
Disruptive technology has the potential to transform the infrastructure, mining and commodities industries. Whilst some of these sectors have seen less M&A activity driven by disruptive technology, there is appetite amongst key players to invest in, acquire, and partner with businesses that can provide services which include the use of:
- smart contracts to address automation/semi-automation of applications for payment, escrow accounts, bond payments and warranties
- Internet of Things (IoT) technology in smart cities to ensure, for example, a more efficient water supply through the use of smart meters and the improvement of traffic congestion through smart traffic signals and road sensors
- AI to monitor air quality and operate smart street lights, waste collection, grids and utilities
- blockchain, a form of Distributed Ledger Technology, to reduce supply chain risks or facilitate payments
- robotics and AI, for both exploration and mining, enabling the exploitation of bodies or territories previously considered too hazardous such as the seabed or space
- 3D visualisation for scheduling equipment maintenance, geological modelling and planning.
Case study
Norton Rose Fulbright advised De Beers, the world’s leading diamond company which is 85% owned by Anglo American, in respect of a ground-breaking blockchain platform, Tracr. Tracr is an end-to-end diamond industry blockchain traceability platform. It will provide a first-of-its-kind digital register for diamonds to ensure authenticity, traceability and accountability across the diamond value chain. The platform is intended to be an industry-wide, open source solution delivering value to all ecosystem participants, including producers, manufacturers, traders, retailers, brands, financiers and consumers. It was recently announced that Alrosa, the Russian diamond mining group, has joined the platform’s pilot programme, alongside other industry leaders from the diamond manufacturing and retail sectors.
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Recent publications
Publication
UK Pensions Briefing | New Pensions Ombudsman streamlined decision-making process | January 2025
The Pensions Ombudsman has rolled out some significant changes to its decision-making process following a root and branch review of its operating model. The result should be faster decisions, with ill-conceived complaints turned away much earlier in the process. However it will also impact trustees’ and employers’ processes too. The Ombudsman is expecting greater proactivity to settle complaints, and faster responses when an investigation starts.
Publication
Incentivising Long Duration Electricity Storage – Ofgem’s call for input
Following the Department for Energy Security and Net Zero’s (DESNZ) October 2024 announcement on a proposed cap and floor regime for Long Duration Electricity Storage (LDES), Ofgem published its ‘call for input’ on Role, Plan, and response to the DESNZ on 18 December 2024 (Call for Input).
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