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Briefing Notes
Energy & Tech
UK ministers are expected to approve the Jackdaw North Sea gasfield as soon as next week, with the larger Rosebank oilfield likely to follow later in 2026
Rosebank's revenue-redirection question could create a legally complex renegotiation of consenting terms already baked into Treasury forecasts.
Disputes
SFO secures combined 15-year-nine-month sentence against three directors of Ethical Forestry Limited for a £70 million pension investment fraud targeting more than 3,000 victims
Green-themed investment fraud is growing: the SFO outcome signals that ESG branding does not inoculate a scheme against criminal liability.
International
Argentine President Milei threatens economic sanctions on Rockhopper Exploration and Navitas Petroleum over planned Sea Lion oilfield drilling off the Falkland Islands
Sanctions threatened against a company's shareholders and suppliers, not just the company itself, dramatically expands the compliance perimeter for City advisers.
Regulation
CMA finalises revised merger efficiency guidance after consultation, incorporating responses from Freshfields, Linklaters, Clifford Chance and others
Codified efficiency guidance reduces Phase 2 uncertainty, but the evidentiary bar the CMA now sets in writing will be harder for weak efficiency cases to clear.
Disputes
Third-Party Funding Drives Wave of FTSE Shareholder Lawsuits Against Entain and BAT, City AM Reports
Funded shareholder actions are turning FTSE exposure into a standing litigation risk.
AI & Law
LexisNexis research finds 83% of UK lawyers concerned about AI hallucinations as daily use reaches 94%, following high-profile errors at Pinsent Masons and Sullivan and Cromwell
Ninety-four percent AI adoption with 83% hallucination concern means law firms are running a profession-wide experiment without adequate safety protocols.
Regulation
Legal Services Board Steps Up Pressure on SRA Over PM Law Supervision Failures
The LSB escalating on PM Law signals oversight powers may follow if the SRA does not act.