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Agri-tech developments in the cannabis sector
The cannabis sector is a growing and exciting sector.
Global | Publication | October 2020
Current farming methods are not sufficient to feed the world’s growing population. Investment in new agricultural innovation and technology is necessary if we are going to find a way to feed the world’s estimated nine billion people by 2050. Many Food and Agribusiness companies have already started to invest in agriculture technology in an attempt to bridge the gap between supply and demand. As with any accelerating technology sector, the market is constantly changing and adapting. We have extensive knowledge in all aspects of the agri-technology sector and are able to advise clients on a broad range of issues, from innovative global protection to adoption and distribution in an ever-changing global marketplace. In this section, we explore the diverse aspects of agri-technology innovation pathways and its challenges for adoption and success.
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The cannabis sector is a growing and exciting sector.
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Climate change is a critical and emotionally-charged issue.
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The recent Intergovernmental Panel on Climate Change (IPCC) Report on the Impacts of Global Warming warned that the world is already seeing the consequences of global warming of 1°C, with more frequent and extreme weather, rising sea levels, diminishing Arctic sea ice, ocean acidification, land degradation and desertification, among other changes.
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When does a director first come under a duty to consider the interests of creditors (Creditor Duty)? How should the Creditor Duty be weighed up in a director’s decision on whether to authorise the repayment of shareholder loans and to declare dividends? In the very recent decision of Foo Kian Beng v OP3 International Pte Ltd (in liquidation) [2024] SGCA 10 (Foo Kian Beng), the Singapore Court of Appeal (CA) sheds light on this important issue and gives practical guidance to directors. Prior to Foo Kian Beng, Singapore, English and Commonwealth courts had not been uniform in describing when the Creditor Duty is first engaged. Potentially confusing and ambiguous terms such as “financially parlous” and “on the verge of insolvency” were used, which resulted in uncertainty as to when the Creditor Duty first arises.
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When does a director first come under a duty to consider the interests of creditors (Creditor Duty)? How should the Creditor Duty be weighed up in a director’s decision on whether to authorise the repayment of shareholder loans and to declare dividends?
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On 21 May 2024, the European Council (or Council) adopted the so-called ‘Hydrogen and decarbonised gas market package’ (the Gas Package). The package contains a recast of the 715/2009 gas regulation (Gas Regulation) and a recast of the 2009/73 gas directive (Gas Directive) aimed at reforming the existing EU regulatory framework to support the deployment of renewable and low-carbon gases, in particular hydrogen. As such, it represents a major development in the EU gas market.
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