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Ireland
On 31 October 2023, the Screening of Third Country Transactions Act 2023 (the “Act”), which establishes a new foreign direct investment ("FDI") screening regime in Ireland, was enacted.
Thailand: New Round of Renewable Energy Procurement
Thailand | Publication | March 2023
Thailand's National Energy Policy Council has approved an increase in renewable energy power generating capacity from 9,996 MW to 12,700 MW to meet rising electricity demand. The council has approved a new procurement scheme, which includes 3,668.5 MW of total capacity from ground-mounted solar farms (2,632 MW), wind energy (1,000 MW), bio-gas (6.5 MW), and industrial waste (30 MW).
The relevant power purchase agreement will be non-firm, with a project life of up to 20-25 years. The Energy Regulatory Commission will launch the new scheme after the procurement under the previous program is completed (i.e. tentatively on or around 19 April 2023). This move is expected to attract significant investments and create job opportunities, while demonstrating Thailand's commitment to achieving carbon neutrality and net-zero carbon emissions by 2050 and 2065, respectively.
Our team at Norton Rose Fulbright will keep monitoring this matter for more updates.
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A tale of three cities: Why parties should specify the governing law of their arbitration agreement
The arbitration agreement within a contract is a contract in its own right, collateral to the main contract. The law governing the arbitration agreement covers substantive matters relating to the agreement to arbitrate, for example, the interpretation, scope and validity of the agreement to arbitrate.
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