Funding update meaning

Checklist Case review: facts, both sides’ legal positions, award enforceability, commercial drivers, and desired outcome. One-page argument summary (diagrams if helpful); if it resists distillation, investigate further. Project plan: routes to objectives, issues, stakeholders, evidence and data handling, initial timetable for claim/defence and later steps, indicative timings, responsibilities, and timing risks. Update the summary and plan throughout. Use them to stay on track, build a staged budget and funding needs, and maintain a document/correspondence tracker. Communications plan: group email or shared repository, cybersecurity/data protection, privilege with the client (esp multiple clients), protocols with tribunal/opponent (incl co-counsel), external notices (eg market), and a retrievable filing system. Evidence plan: locate documents/witnesses, pause destruction policies, collect and code material in a searchable, access-controlled database, schedule witness interviews, and address cybersecurity/data protection. Cost-efficient third-party support: low-cost centres, document tools/review tech, translation and certification. Third-party funding: weigh cost versus benefit, suitability, settlement impact, and the funder’s share. ...

In this issue: Key developments and materials Electricity and gas market regulation, licensing and taxation Renewable energy Capacity Market, balancing services and energy system flexibility Hydrogen, CCUS and emerging technologies Nuclear energy Planning issues in energy projects Air emissions, efficiency, and climate change New and updated content Dates for your diary Trackers Energy resources on Lexis+® Daily and weekly news alerts Key developments and materials DESNZ announces accelerated measures to boost UK energy security DESNZ has unveiled a suite of actions to reinforce and speed up the UK’s energy security in light of events in the Middle East. For the first time, ‘plug-in solar’ will be permitted in the UK. The department plans to advance the next annual renewables auction to July 2026 and has confirmed that the government will adopt the Fingleton Review’s recommendations to hasten delivery of nuclear power stations. It has also moved to safeguard consumers, working...

In this issue: Key developments and materials Electricity and gas market regulation and licensing Renewable energy Conventional power, waste to energy, biomass, and CHP projects International energy Daily and weekly news alerts New and updated content Dates for your diary Trackers New Q&As Key developments and materials DBT publishes UK’s critical mineral strategy The Department for Business and Trade (DBT) has released a suite of resources setting out the government’s plan to secure supplies of critical minerals for UK industry and energy security. The Resilience for the Future policy paper explains that the UK will speed up growth of domestic capability, work with international partners, and strengthen global markets so they are more responsive, transparent, and responsible. See: LNB News 10/05/2024 31. Electricity and gas market regulation and licensing Ofgem launches BAT consultation Ofgem has opened a consultation on lifting the current prohibition on acquisition-only tariffs (BAT). The ban was...

In this issue: Electricity and gas market regulation and licensing Renewable energy Capacity Market, balancing services and energy system flexibility Conventional power, waste to energy, biomass, and CHP projects Nuclear energy Planning issues in energy projects International energy Daily and weekly news alerts New and updated content Dates for your diary Trackers Electricity and gas market regulation and licensing Ofgem publishes determinations on code manager selection for REC and BSC Ofgem has issued two determinations, setting out its conclusions under section 187(1) of the Energy Act 2023 to move ahead with appointing code managers for the Balancing and Settlement Code (BSC) and the Retail Energy Code (REC) without running a competition. As a consequence, both the Retail Energy Code Company Ltd and Elexon Ltd will, respectively, be asked to provide a licensing assessment form. Ofgem will subsequently review the submissions and confirm whether it proposes to award each entity a licence. See:...

This Tracker reviews the Guideline Hourly Rates (GHR). These are the figures the court looks to, on summary assessment, to decide whether a solicitor’s hourly charges are reasonable for civil and commercial work. A series of reviews has taken place and is summarised below. Uplift to GHR on 1 January 2026 The Master of the Rolls (MR) confirmed that from 1 January 2026 the GHR will be adjusted for inflation in line with the Services Producer Price Index (SPPI). For further information, see: LNB News 02/01/2026 10—Master of the Rolls updates solicitors’ guideline hourly rates for 2026. Uplift to GHR on 1 January 2025 The GHR rose for inflation on 1 January 2025 in accordance with the SPPI. For more detail, see: LNB News 02/01/2025 32—Master of the Rolls announces update to Guideline Hourly Rates. Uplift to GHR on 1 January 2024 The GHR were uplifted for inflation on 1 January 2024 in line with the SPPI. The GHR are adjusted annually to reflect...

This Practice Note outlines major updates to Precedent: AML, CTF and counter‑proliferation financing policy—law firms, applicable from January 2018. Amendments to other Practice Compliance resources are logged in Practice Note: New and updated content 2025—Practice Compliance [Archived], together with prior versions, accessible within the subtopic: New and updated content... 2025 Month Change and reason May Various revisions prompted by the LSAG April 2025 update (published April 2025), including: slight adjustment to section 11.12.3 on reporting exceptions under Proceeds of Crime Act 2002 minor wording edits in section 21.2.3 amendments to section 21.4.2(a), leading to deletion of section 21.4.2(j) extra text in sections 26.2 and 26.5 on CDD for beneficial owners new section 26.7 reminding that unusual corporate structures are a specific risk factor in the MLR 2017 that may call for EDD new sections 28.3 and 28.4 giving further detail on supply chain risk new section 36.4.4 on source of funds for third‑party funding, including funding from unconnected...

STOP PRESS : On 18 March 2026, the Pension Protection Fund (PPF) released its levy policy statement and the definitive rules for 2026/27, together with scheme guidance explaining how to comply with the levy framework and how the PPF intends to exercise discretion where the rules allow. These documents implement the PPF’s earlier message: no PPF levy will be charged to conventional schemes in 2026/27, while the proportionate, risk-based Alternative Covenant Schemes (ACS) levy will be retained. Although the current ACS framework is broadly unchanged, the PPF has pledged to fast-track a review of the ACS levy methodology so it remains proportionate from 2027/28 onwards. In the interim, a small suite of targeted refinements is being introduced, as consulted on, alongside a minor addition to the ACS Guidance reflecting consultation feedback. The PPF also draws attention to the closure of its insolvency risk portal from 1 April 2026 and advises schemes to download any data they may need for the future by 31 March 2026...

We have now reached a point in your matter where it is appropriate for me to provide an update on costs. How costs are calculated It may assist if I remind you that legal costs in any matter generally comprise three core components: our charges expenses we must pay on your behalf—sometimes called disbursements costs that you may have to pay another party Each of these elements is outlined below. Our charges Fixed price wording [ We previously agreed to a fixed fee of £[ insert price excluding VAT ] for [ state what work the fixed price relates to ]. At this stage, we do not expect to carry out any work beyond the terms of this fixed fee. We will let you know if the position changes; if it does, we will agree with you how any additional work will be charged. OR We previously agreed to a fixed fee of £[ insert price excluding...

You can locate the model discretionary investment management agreement on the Investment Association’s website here...