The Ministry of Industry and Trade of Vietnam (MOIT) recently released a new draft circular regarding the implementation of the pilot program for direct power purchase agreement (DPPA) mechanisms between renewable energy developers/power generation companies and private power buyers/consumers (“New Draft DPPA Circular”).1
The Ministry of Industry and Trade of Vietnam (MOIT) recently issued Circular No. 57/20201 replacing Circular No. 56/2014,2 on the method of determining tariffs and PPA negotiation and appraisal procedures for conventional power projects (including LNG-to-power, hydropower and other thermal power). Circular No. 57 generally retains the key principles on tariff determination and negotiation of the PPA draft, and provides for, among other things, updates to the principles and method of determining tariffs and the re-introduction of re-negotiation on tariffs and the PPA based on the finalized investment capital of the project. Circular No. 57 aims to provide for a more streamlined regulation with regard to the negotiation and implementation of tariff and the PPA, which is one of the key concerns of investors/developers of conventional power projects.
The Latin America energy, mining and infrastructure industry is transitioning to a new normal. The evolving market conditions…
On or about March 8, 2021, US Customs and Border Protection (CBP) posted on its website a Fact Sheet on the WRO Modification/Revocation Processes Overview. The Fact Sheet states that Interested parties may request a WRO modification or revocation by providing evidence to CBP via email showing the subject merchandise was not produced, manufactured,…
UK sanctions On 18 February 2021, the UK announced sanctions against Myanmar military generals for serious human rights violations, which…
Companies are facing critical business challenges in regard to their most important asset – their people. While workforce…
Recent political developments in Myanmar have led to the imposition of targeted sanctions by the US, UK and EU in the past month. As a result of the measures imposed, businesses may face immediate challenges in doing business in, or with, the state. Join our speakers as they provide insights…
In the wake of the administration change in the U.S. and continued growth in sustainability obligations around the…
The government has announced that due to the continuing impact of the pandemic, the gender pay gap reporting deadline for the 2020/21 reporting period will be extended by six months to 5 October 2021 for qualifying employers in the private sector. Employers are, however, encouraged to report their figures before the deadline.
Our lawyers present a session on Supply Chain: Environmental and Human Rights Due Diligence as part of our 2021 Global Trade & Supply Chain Webinar Series.