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A new year ahead for shipping – environmental and regulatory compliance
Much like 2024, 2025 will be a further period of huge change and challenge for all participants in the shipping industry.
United States | Publication | January 2024
Norton Rose Fulbright’s 2024 Annual Litigation Trends Survey finds that in-house legal teams are likely to grow in the year ahead.
As organizations expect more legal disputes across the board in 2024, more than half (52%) expect to hire internally to meet demand – much higher than the 36% who said the same in our 2023 Annual Litigation Trends Survey report.
In 2023, most in-house disputes teams were small, with the majority having 10 or fewer lawyers, while organizations tended to spread their litigation work among multiple law firms.
In addition, 2023 saw a notable drop in corporate counsel’s confidence in their ability to handle litigation, as organizations confront legal issues ranging from mounting regulatory investigations to heightened dispute exposure in 2024.
Only 29% of respondents say their organizations are very prepared to address litigation in 2024, compared to 43% in last year’s report. The majority (51%) place themselves in the “somewhat prepared” category, compared to 40% last year, reflecting a more tempered outlook for the year ahead.
Download the 2024 Annual Litigation Trends Survey for more details.
Publication
Much like 2024, 2025 will be a further period of huge change and challenge for all participants in the shipping industry.
Publication
On November 28, 2023, the European Commission (EC) adopted its first list of Projects of Common Interest (PCIs), i.e., projects within the EU territory, and Projects of Mutual Interest (PMIs), i.e., projects connecting the EU with other countries, including 166 projects implementing the European Green Deal.
Publication
The Screening of Third Country Transactions Act 2023 (the “Act”), which establishes a new foreign direct investment ("FDI") screening regime in Ireland, was enacted on 31 October 2023, and the much-anticipated commencement date of the Act has now been confirmed to be 6 January 2025.
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