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Proposal to amend European Emission Trading Scheme (ETS) in context of Fit-for-55

One component of the Fit-for-55 climate package is a revision of the European Emissions Trading System (ETS) to allow the ETS to also contribute to the target of 55% reduction in greenhouse gases by 2030 compared to 1990.

Public Consultation on the Industry Carbon Tax Act: levy and trade in dispensation rights

The public consultation on the Industry Carbon Tax Act (Wet CO2-heffing industrie) began on 24 April 2020. The government has already announced the carbon tax in the Climate Agreement.

The Dutch government publishes an ambitious strategy and policy agenda on the development of the clean hydrogen market

The Minister of Economic Affairs and Climate Policy presented the ‘Government strategy on hydrogen’ (Kabinetsvisie Waterstof, also available in English) by means of a letter addressed to the Dutch House of Representatives (Tweede Kamer) on 30 March 2020.

ESG: European Commission consults on Renewed Sustainable Finance Strategy

While battling the COVID-19 outbreak, the European Commission does not lose sight of the long-term objective to fully embed sustainability in the financial services landscape.

Climate case Milieudefensie et al. – The Hague District Court orders Shell to reduce CO2 emissions

On May 26, 2021, the District Court of The Hague rendered its judgment in the case between Milieudefensie and others against Shell.

Temporary authorisations for certain biocidal products to tackle the Corona crisis: unusual times call for unusual (temporary) measures

The outbreak of the Covid-19 crisis has been officially acknowledged as a pandemic and public health crisis. In response, the Belgian authorities have decided to proceed with the grant of temporary authorisations for certain biocidal product types.

Does your everyday cleaning product qualify as a 'biocidal product' under European legislation?

The Court of Justice of the European Union (CJEU) ruled on the concept of 'biocidal product' on the making available on the market and use of biocidal products, in a case on a cleaning product primarily used "to ensure the absence of mould".

Variabele rente in LMA-documentatie na de benchmarktransitie

Er is de laatste tijd veel te horen en te lezen geweest over de benchmarktransitie (voor een beknopte beschrijving van die transitie verwijs ik graag naar mijn artikel van 7 augustus 2020). Het artikel dat u nu leest gaat over een deelonderwerp van de ben

Loan Market Association publiceert aanvulling op bestaande Revised Replacement of Screen Rate Clause in reactie op aanbeveling van Working Group on Sterling Risk-Free Reference Rates

In het kader van de rentebenchmarktransitie (voor uitleg en achtergrond, zie mijn vorige publicatie van augustus 2020) heeft de Loan Market Association (LMA) in mei 2018 een zogenaamde 'Replacement of Screen Rate Clause' gepubliceerd die partijen in hun o

EU Single-Use Plastics Directive is now in force: brief recap

The EU adopted a new directive aiming at tackling marine litter generated from 10 single-use plastic products and from abandoned fishing gear and oxo-degradable plastics. This is called the Single-Use Plastics Directive.

ARRC releases recommended contractual fallback language for U.S. Dollar LIBOR syndicated loans

By now almost everyone knows that the world of interest rate benchmarks is going to change.

Stibbe advises Panda Green Energy

Stibbe assisted Panda Green Energy, formerly known as United Photovoltaics Group, with the Luxembourg aspects of the sale of six UK solar farms, with a combined capacity of about 82.5MW, to Greencoat Solar.

Belgium's Energy & Climate Plan - What is the legislative framework for climate policy in Belgium?

Belgium adopts the first version of the National Energy & Climate Plan, which is a compilation of three individual climate plans from each of Belgium’s regions. It contains specific measures aiming to reduce CO2 emissions in Belgium.

Results of ISDA consultation on benchmark fallbacks now available

Results of ISDA consultation on benchmark fallbacks now available. As part of an initiative to amend its standard derivatives documentation to facilitate the replacement of existing interbank offered rates (IBORs) by new risk free rates (RFRs), the Intern

Stibbe advises Elementis

Stibbe advises Elementis, a UK listed global specialty chemicals company, on the acquisition of Mondo Minerals Holdings B.V. for an enterprise value of $600 million on a cash and debt free basis.

Stibbe advises Flemish government

Stibbe assisted the Flemish government in developing a legal framework for granting guarantees to funds, as a result of which financial institutions can free up capital to continue lending to the market.

Digital Law Up(to)date: Belgian legislator strengthens legislation on crypto-exchange and wallet service providers

On 11 February 2022, the Belgian Official Gazette published a new law modifying the Belgian anti-money laundering law. The objective of the text is to introduce new provisions to regulate crypto-exchange and wallet service providers.

EBA Reports on Virtual IBANs

On 24 May 2024, the European Banking Authority (EBA) published a report on virtual IBAN (vIBANs) in which the EBA set outs characteristics and use cases of vIBANs and comments on identified risks associated with this development in the payments market.

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