The cost of a REMIT breach

Article

Ofgem has stunned the energy industry by issuing a record fine against InterGen group for multiple breaches of Article 5 of REMIT, which prohibits actual or attempted market manipulation on wholesale energy markets. On 15 April 2020 Ofgem confirmed a fine of £47.8m, which included a repayment of approximately £12.8m reflecting the money received by InterGen as a result of the breach.

Read more

The Trust in a Liquidation

Article

The High Court has recently ruled that the agreement between the liquidator of a company and the parent of that company, which contemplated the transfer of all of the assets of the company to the parent gave rise to a trust arrangement on the facts of the case.

Read more