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Latest Legal News

Latest Legal News

Modifications To Contracts During Their Term (Regulation 72)

Graeme Palmer

Contractors and professional advisers must exercise caution when agreeing to an amendment of an existing contract with a public authority or utility. When a “substantial” variation is made to a public contract during its term, it can be considered a new contract which should be subject to a fresh procurement and which could result in the contract being rendered ineffective or terminated by the authority.  For the first time, we have a regulatory regime which explains when can you safely modify an existing contract.

What’s the problem?

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LChalmers

What Would Be The Effect Of A Brexit On The UK Upstream Oil And Gas Sector?

In the event that the UK votes to leave the European Union, it seems unlikely that this will have a major impact on the upstream oil and gas sector.  This is a sector into which the EU has largely not strayed, and the UK government remains very much at the helm with respect to the exploitation of its offshore oil and gas assets.

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LChalmers

A Partnership Of Equals? The Government’s New Anti-Money Laundering Action Plan

Ray Gribben

Hot on the heels of the Prime Minister announcing a taskforce to investigate any evidence of illegality found in the “Panama Papers” comes a jointly published Action Plan from the Home Office and HM Treasury to turn up the heat on anti-money laundering and counter-terrorist finance.  No “knee jerk” reaction according to Theresa May, but an “aggressive” set of proposals representing “the most significant change to the UK’s anti-money laundering and terrorist finance regime in over a decade”.

As matters currently stand, anti-money laundering legislation can be found in the Procee

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LChalmers