header-logo header-logo

A Chinese takeaway (Pt 3)

15 April 2016 / Tim Malloch
Issue: 7696 / Categories: Features , Public , Environment
printer mail-detail
nlj_7696_malloch

Hinkley Point C: Tim Malloch reports on a French letter & corporate chaos

In February, a family in Swansea became the first family in the UK to own a Tesla Powerwall. The home storage battery has been described as the missing link for solar energy. It allows homes to store the electricity generated by their solar panels during the day until it is needed later when demand is higher (5 February, The Guardian).

A month later, corporate chaos breaks out at EDF. The energy giant, 85% owned by the French government, is trying to build a new nuclear power station in the UK—Hinkley Point C (HPC) —but it cannot bring itself to commit to a Final Investment Decision (FID). The HPC project director, Chris Bakken, and EDF's finance director, Thomas Piquemal, have both resigned. To lose one director is unfortunate, but to lose two in such close proximity seems like carelessness.

On 10 March, Bakken wrote to The Times to rebut the suggestion that he resigned because he did

If you are not a subscriber, subscribe now to read this content
If you are already a subscriber sign in
...or Register for two weeks' free access to subscriber content

MOVERS & SHAKERS

DWF—19 appointments

DWF—19 appointments

Belfast team bolstered by three senior hires and 16 further appointments

Cadwalader—Andro Atlaga

Cadwalader—Andro Atlaga

Firm strengthens leveraged finance team with London partner hire

Knights—Ella Dodgson & Rebecca Laffan

Knights—Ella Dodgson & Rebecca Laffan

Double hire marks launch of family team in Leeds

NEWS
Charlie Mercer and Astrid Gillam of Stewarts crunch the numbers on civil fraud claims in the English courts, in this week's NLJ. New data shows civil fraud claims rising steadily since 2014, with the King’s Bench Division overtaking the Commercial Court as the forum of choice for lower-value disputes
Bea Rossetto of the National Pro Bono Centre makes the case for ‘General Practice Pro Bono’—using core legal skills to deliver life-changing support, without the need for niche expertise—in this week's NLJ
The Supreme Court issued a landmark judgment in July that overturned the convictions of Tom Hayes and Carlo Palombo, once poster boys of the Libor and Euribor scandal. In NLJ this week, Neil Swift of Peters & Peters considers what the ruling means for financial law enforcement
Small law firms want to embrace technology but feel lost in a maze of jargon, costs and compliance fears, writes Aisling O’Connell of the Solicitors Regulation Authority in this week's NLJ
Charles Pigott of Mills & Reeve reports on Haynes v Thomson, the first judicial application of the Supreme Court’s For Women Scotland ruling in a discrimination claim, in this week's NLJ
back-to-top-scroll