Category: Middle East

1
CLE Presentation: COVID-19: Perspectives for the “Next New Normal” for Renewable and Utility Companies
2
Cyber-physical Attacks on Critical Infrastructure: What’s Keeping Your Insurer Awake at Night?
3
Dubai Government Launches Energy Initiative

CLE Presentation: COVID-19: Perspectives for the “Next New Normal” for Renewable and Utility Companies

Join us on Wednesday, June 10, 2020, for a CLE presentation on “COVID-19: Perspectives for the “Next New Normal” for Renewable and Utility Companies.”

Companies are seeing unprecedented legal and business impacts due to the COVID-19 pandemic.  These impacts are bringing about changes in strategy and how many companies approach their day-to-day business operations to adapt to this new business environment. This one-hour session will involve a presentation by the following K&L Gates attorneys sharing their perspectives on what to consider during the “next new normal.”

Moderator: 

Panelists:

This presentation will include the evolving legal and business impacts of COVID-19 in connection with:

  • Contract Issues
  • Insurance Issues
  • Potential Work Issues
  • Litigation Trends

This webinar will contain a chat feature in which you can submit questions so that we may tailor this presentation to address your concerns.

To register, please click here.

Cyber-physical Attacks on Critical Infrastructure: What’s Keeping Your Insurer Awake at Night?

By James E. Scheuermann

Cyber-physical attacks on critical infrastructure that have the potential to damage those physical assets and to cause widespread losses to third parties are keeping your insurer awake at night.  A cyber-physical attack on critical infrastructure occurs when a hacker gains access to a computer system that operates equipment in a manufacturing plant, oil pipeline, a refinery, an electric generating plant, or the like and is able to control the operations of that equipment to damage those assets or other property.  A major cyber-physical attack on critical infrastructure is a risk not only for the owners and operators of those assets, but also for their suppliers, customers, businesses and persons in the vicinity of the attacked asset, and any person or entity that may be adversely affected by it (e.g., hospital patients and shareholders).

Because damages caused by a cyber-physical attack can be widespread, massive, and highly correlated, affecting multiple sectors of the economy and many lines of insurance, the insurance industry is giving this risk heightened attention.  The U.K. insurance marketplace Lloyd’s, London and the University of Cambridge, for example, conducted a major study of the losses resulting from a hypothetical cyber-physical attack on 50 electrical generators in the Northeast U.S. Other insurance market participants have also published reports addressing cyber-physical risks to critical infrastructure.  The insurance industry’s focus on cyber-physical risks perhaps should be action-guiding for corporate policyholders as well.

To read the full alert on K&L Gates HUB, click here.

Dubai Government Launches Energy Initiative

The other day I attended the launch of a new energy efficiency initiative in Dubai. The Government of Dubai has ambitions to achieve substantial savings in the consumption of energy and water over the next 15 years. It aims to encourage the retrofitting of some 30,000 government and private sector buildings and public areas with energy efficient appliances, equipment and materials covering lighting, cooling, water, industrial processes and building insulation. It is also targeting efficiencies in district cooling through regulation and greater system connectivity. To this end a new “ESCO” (Energy Service Company) industry is being created under the regulatory oversight of the Dubai Regulatory & Supervisory Bureau. As a catalyst for the evolution of this new market, Dubai Electricity & Water Authority (DEWA) has established Etihad ESCO, an ESCO that will help promote energy efficiency projects for government departments and agencies. Read More

Copyright © 2019, K&L Gates LLP. All Rights Reserved.