The UK’s oil and gas industry faces losing skilled workers and research and development funding in the wake of the UK’s vote to leave the European Union, a lawyer has warned.
Two law firms with operations in Aberdeen managed to grow their revenues in 2015/16, they revealed today. Pinsent Masons recorded global turnover of £382.3million in the year to April 30, 2016, up 5.5% on the previous 12 months. The firm’s profits per partner increased by 2.3% to £550,000.
The UK’s renewable energy industry could be harmed by Brexit with the loss of incentives to develop a low-carbon economy, legal experts have warned.
Oil and gas experts at international law firm Pinsent Masons are calling for a package of North Sea concessions to be unveiled by Chancellor George Osborne during this week’s Budget.
The publishing of gender pay gaps by employers has been expected, although the prospect of sector-based league tables has come as more of a surprise. Now the pressure is on businesses to get their act together and meet this challenge head on.
The lifting of sanctions on Iran is good news for Scottish exporters and oil and gas service companies, but a legal expert has warned that with a US trade embargo still in place, Western banks remain reluctant to support Iranian related businesses.