bto solicitors - Corporate & Commercial Business Lawyers Glasgow Edinburgh Scotland

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Competition Law Update: 2020 - 2021

02 December 2021

The UK Government temporarily relaxed elements of competition law for the fuel industry in September 2021 as a response to the fuel crisis which caused shortages across the country. The industry was exempt from the Competition Act 1998 (“the Act”), allowing companies to share information and optimise supply.

COP26: Prioritising environmental considerations alongside profit generation – How will lawyers assist?

30 October 2021

Glasgow is hosting the 26th ‘Conference of the Parties’ from 31 October until 12 November this year, following last year’s cancellation due to the coronavirus pandemic. More than 190 World leaders are travelling to Glasgow to participate in discussions with a view to reaching agreement on plans to achieve a global Net Zero economy. In addition to its commitment to achieving carbon neutrality by 2030, having recently been recognised as a ‘global green city’ by the Global Forum on Human Settlements, Glasgow is a fitting host for this year’s Summit.

The Subsidy Control Bill

12 July 2021

This Bill was introduced on 30 June 2021, and may be subject to change during its passage through the Parliamentary process.

The Dormant Assets Bill 2021

16 June 2021

The Dormant Assets scheme was originally introduced by the Dormant Bank and Building Society Accounts Act 2008 (“2008 Act”). The aim of the Scheme was to allow social and environmental causes in the UK to benefit from ‘dormant assets’ of which Banks and Building societies had been unable to reunite with their owners. The Dormant Assets Bill proposes to significantly expand the current scheme by allowing assets from additional sectors to be transferred to the Reclaim Fund (“RF”), to be subsequently distributed to British charities. The Government reports that “estimates suggest that an expanded Scheme has the potential to make around £880million available for social and environmental causes in the UK”, of which 8.4% would be attributed to Scotland.

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