Ofgem consults on proposals for implementation of the Green Gas Support Scheme The Green Gas Support Scheme (GGSS) is one of the new subsidy mechanisms being introduced to support development of bioenergy projects to replace the Renewable Heat Incentive (RHI). The GGSS will begin in autumn 2021 and will run until autumn 2025. The scheme […]
Budd Legal advised start-up technology company Treblle Limited on a Euro 1.2 million venture capital funding. See attached.
It is very common, not only for finance documents but also other cross-border commercial contractswhich require interest to be paid by one party to the other, to use LIBOR as the benchmark interestrate. There are a number of LIBOR settings, both in terms of currently and period, and all of themare due to end by […]
EPC contracts commonly provide that, on termination of the contract, the contractor will be required to assign subcontracts to the employer. For an employer, the ability to take assignment of subcontracts is important. Key subcontractors must be kept on board to ensure the project’s continuance. This can include, for example, module or inverter suppliers (in […]
On 24 April 2020, the Department for Business, Energy & Industrial Strategy (BEIS) issued a consultation Paper titled Capacity Market Proposed Easements in Response to COVID-19 pandemic. Extension to construction deadlines One of the key proposals is to extend by 12 months the Long-Stop Date for New Build CMUs awarded T-1 agreements for Delivery Year […]
EVENT ON 16 MARCH 2020 What are the opportunities and risks resulting from new IR35 changes? Changes to the IR 35 Rules are coming into force on 6 April 2020. They will have a significant impact on many contractors working in construction, IT and other sectors who have until now been “outside IR 35” and […]
Neil Budd participated in the Host 2019 Conference at the Business Centre, London N1 this week. Neil was the moderator on the session entitled What to do when you fall foul of regulation for the Regulation, Finance & Tax Conference which runs on 31st October and 1st November 2019. Neil commented: “Host 2019 was very enjoyable […]
We are proud to have recently advised reserve power developer Balance Power Projects Ltd on the sale of its 5 MW shovel-ready gas-peaker project in Birmingham. Mast Energy Developments Ltd, a subsidiary of Kibo Energy plc has purchased the project rights and shares in the SPV, which completed in June. About the sale, Budd Legal founder […]