Prospect Law Ltd > Castle Donington, England > Firm Profile

Prospect Law Ltd > Firm Profile

The firm: Prospect Law specialises in the energy sector.

Founded in 2010, it is owned and managed by barristers and solicitors, and is complemented by the input of its own team of technical experts who include economists, FCA accredited insurance professionals, electrical engineers and power grid experts.

Prospect Law is seen as a ground-breaking firm with a particularly impressive track record of both contentious and non-contentious work in the energy sector. It has a strong reputation for offering regulatory and development advice in the sector on behalf of governments and private developers, and also for challenging energy regulatory bodies and government departments.

The firm has been recognised by legal directories (including The Legal 500 in which Prospect Law is listed as a Leading Firm), for its expertise in the fields of Projects, energy and natural resources.

Main areas of practice
Renewable energy: has been at the heart of Prospect Law’s work since the firm was first established in 2010. Initially the firm advised on purely legal issues and for that work very quickly won awards for its pioneering and effective approach to development proposals.

Now Prospect Law advises on issues arising across the full range of its multi-disciplinary skillsets including commercial and contract advice, insurance and risk management, economics and financing, grid connections, technical feasibility studies, and a specialist training arm. Clients range from Middle East Governments through to banks, developers and private individuals. Examples of work we have completed include:

• Advising on a successful planning application and associated High Court challenge for an Energy from Waste plant in the middle of a City.
• Advising on the financing of wind and solar farms on mainland Europe using sharia-compliant funds.
• Advising on the development of cost-effective insurance ‘pools’ for the renewables sector.
• Advising a Government on the pricing of its renewable energy electricity.
• Advising a UK solar developer on the development and onward sale to pension funds of various ground based solar facilities across the UK. 

Nuclear energy: Prospect Law’s nuclear specialists advise UK and international clients on the full range of nuclear related matters from nuclear new build to decommissioning projects including the modelling and establishment of Decommissioning Trust Funds. Recent instructions have included advising on risk management under European legislation, nuclear fusion developments in the UK, and the protection of intellectual property for innovative radioactive waste storage facilities. The firm also advises on the legal and technical aspects of the transportation, storage, security and treatment of radioactive substances. The firm’s lawyers have on several occasions been commended by the United States Department of the Environment for work in facilitating intergovernmental discussions on financing nuclear new builds and decommissioning.

Environmental law: Prospect Law advises on environmental legislation and regulations, including environmental impact assessments (EIA) and other studies relating to planning applications, environmental permits, waste regulation and producer responsibility; environmental due diligence on corporate projects; claims for damages arising from pollution; representation during the criminal investigation of pollution incidents; environmental controls relating to water, chemicals, pesticides and biocides; and much more, including full-project support for traditional and renewable energy technologies, and other infrastructure and resources schemes.

Maritime, international trade and insurance law: Prospect Law advises UK and overseas corporate clients on dry shipping matters including charterparties, bills of lading, letters of credit, bank guarantees and undertakings, and other shipping and banking documents; on Admiralty issues including collisions, salvage, general average, towage, wreck removal, pilotage, and limitation; on the sale and purchase of ships and other vessels including buying, selling, and scrapping, and on ship and offshore construction; on marine and non-marine insurance and reinsurance; on trade and international sale of goods; on public international law aspects of shipping including territorial disputes, embargoes and maritime blockades, marine pollution and environmental disasters, international safety regulations, and piracy, hijacking and other international crimes on the high seas; on dispute resolution, including litigation, arbitration and mediation; and on drafting contractual documents for shipping and trading ventures.

Corporate and commercial law: Prospect Law has developed specialist knowledge of UK and international regulatory systems affecting energy, infrastructure, and natural resources projects. Prospect’s legal expertise is supported by its technical specialists who advise in particular on EPC and operations and maintenance contracts affecting energy projects, grid connections, and power purchase agreements. Prospect Law’s client base includes companies based in the UK, the US, the EU and the MENA Region, as well as private clients, local authorities and public organisations such as energy regulators and local authorities.

Dispute resolution: Prospect Law’s combination of solicitors and barristers allows the firm to provide clients with a comprehensive range of litigation skill sets in house, and to deal with dispute resolution over a broad range of disputes, and in an efficient and cost-effective manner. The firm regularly appears at all levels in the UK courts, and in a range of matters involving commercial litigation (including arbitration and mediation), corporate governance and investor relations, fraud and regulatory law, planning and environmental prosecutions, and public law cases involving judicial review, declaratory relief and injunctions.

Planning law: Prospect Law advises on national, regional and local planning policies affecting the full range of infrastructure, energy and natural resources projects. Its expertise covers planning applications, conditions and obligations, planning and enforcement appeals, statutory challenges, injunctions and judicial review applications in the High Court, and planning prosecutions and POCA proceedings.

Prospect Law also offers specialist legal advice in a number of complementary and linked areas of law which support our key specialisations including: property law, employment law, immigration law, and regulatory law.

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