Production account meaning

State aid Commission amends Emissions Trading System State aid guidelines The Commission has approved changes to the EU Emissions Trading System (ETS) State aid guidelines, refreshing the regime first introduced in 2020 to account for persistent rises in emission prices and the consequent greater threat of carbon leakage. The Guidelines still pursue the objective of averting the shift of industrial production to countries with weaker climate ambitions, by permitting member states to reimburse qualifying sectors for higher indirect electricity costs associated with the ETS. The updated Guidelines markedly widen who can benefit, with 20 additional industrial sectors and two extra subsectors now covered, among them organic chemicals and selected activities across ceramics, glass, and battery-related activities...

Neven v Nole , ARB 010/2024 What are the practical implications of this case? This judgment is a timely reminder of the wide latitude available to the DIFC Court of First Instance (the DIFCCFI) when assessing costs under the RDC. In applying that discretion, the DIFCCFI will not hesitate to take full account of the parties’ conduct in the proceedings before it. That scrutiny reaches the reasons a party chose to engage the DIFCCFI’s curial functions under the 2008 DIFC Arbitration Law (the DIFC Arbitration Law) to seek twin applications—an injunction and an order for document production—in support of arbitration, in circumstances where the arbitral tribunal, rather than the DIFCCFI, would have been the proper first port of call for any such interim relief. In addition, where interim relief is pursued, an undertaking offered in response should be put forward as soon as is practically possible before the curial court, and not deferred until the hearing of the application, which may simply be too late to stave off adverse...

Wuhu Ruyi Xinbo Investment Partnership v Shandong Group and another [2024] SGHCR 7 What are the practical implications of this case? This decision highlights the need for meticulous and prompt adherence to ‘unless’ orders issued by the court. Where such an order concerns document production, practitioners must ensure complete compliance with the production directives, and provide clear, detailed accounts for any materials no longer within the client’s possession and control (P&C). What will qualify as a sufficient account will invariably depend on the facts of the particular matter. If the court concludes that no adequate explanation has been given for how a party purportedly lost P&C over specified documents, it may determine that the ‘unless’ order has been breached and impose adverse consequences. In addition, the decision shows that the principle of minimal curial intervention does not bar the striking out of an application to enforce an arbitral award, where the award creditor has failed to comply with an ‘unless’ order...

This Practice Note summarises the confiscation regime set out in the Proceeds of Crime Act 2002 (POCA 2002), together with the changes introduced by Schedule 8 to the Economic Crime and Corporate Transparency Act 2023 (ECCTA 2023), insofar as it operates in Scotland. Schedule 8 amended the Proceeds of Crime Act 2022 to make provisions in connection with cryptoassets and confiscation orders. Those amendments have not yet been brought into force. Introduction to Scottish confiscation law and procedure Confiscation is the mechanism by which, after conviction, an offender’s financial gain from offending is taken away. The POCA 2002 confiscation provisions are designed to facilitate the recovery and seizure of the proceeds of crime in order to: disincentivise criminal activity, and prevent offenders from retaining the proceeds of crime following conviction This Practice Note addresses the Scottish confiscation process and procedure. For the parallel provisions in England and Wales, see the subtopic: Restraint and Confiscation. A confiscation order requires...

For more common film and TV terms, see: Film and TV glossary A–B, Film and TV glossary C–D, Film and TV glossary E–H, Film and TV glossary I–L, Film and TV glossary R–S, Film and TV glossary T–W. Meme An image, video, snippet of text, or similar item that satirises or amuses, typically spreading rapidly online, with users often adapting or varying it as they share it on. Mime Within copyright law, mime is treated as a form of dramatic work. Moral rights Under the Copyright, Designs and Patents Act 1988 (CDPA 1988), authors are granted personal rights (moral rights) that sit alongside, but separate from, their economic rights. Whereas copyright concerns financial interests, moral rights protect the author’s public reputation and the integrity of the work linked to them. the right to be named as author or director (the right of paternity) the right to object to derogatory treatment of a work (the right of integrity) the right...

This Practice Note sets out the Scottish process for civil recovery before the Sheriff Court, covering cash, listed assets and accounts. It further explains the investigatory powers available within the civil recovery process. It does not address seeking a civil recovery order in the Court of Session under Chapter 3 of Part 5 of the Proceeds of Crime Act 2002 (POCA 2002). For guidance, see Practice Note: Scottish civil recovery—process and procedure in the Court of Session. For the equivalent position in England and Wales, see Practice Notes: Civil recovery orders under the Proceeds of Crime Act 2002 and Civil recovery under POCA 2002—procedure. Statutory framework for civil recovery in Scotland POCA 2002, Pt 5 empowers enforcement authorities to bring civil proceedings to recover property, cash, or—by virtue of provisions introduced by the Economic Crime and Corporate Transparency Act 2023 (ECCTA 2023)—a cryptoasset that has been obtained through, or is intended to be used in, unlawful conduct. See our E&W Practice Note: Civil recovery orders under the Proceeds...