This article focusses on the proposals made by the European Commission regarding the extension of the European Emissions Trading Scheme to the maritime sector.
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This article, the first in a series exploring the English courts’ powers in support of LMAA arbitrations, assesses the power to grant anti-suit injunctions where proceedings have been initiated outside of London in breach of an arbitration agreement.
The transaction involved drafting of a margin adjustment mechanism based on carbon intensity rating as an incentive for the owners to reduce the carriers’ carbon emissions.