Uncategorized - Venus Energy Global

PRICE CAP ON RUSSIAN OIL AGREED: WHAT IS THE BEST PATH TO COMPLIANCE?

On December 2, 2022, the Price Cap Coalition (the EU, G7 and Australia) mutually agreed upon a cap on the price of Russian seaborne crude oil at USD 60 per barrel as of December 5, 2022. A separate price cap for Russian oil products will be introduced on 5 February 2023. Below we would like […]

Physical Oil Trading & Formation of Sales Contracts

Today international oil trading industry has been characterized by the dominant position of Multinationals, major traders and NOCs. In return, they all received a stream of income through oil trading under enforceable contracts. Our focus is not only on the mechanism of oil trading market but has to be the words and the parties’ conception […]

FM and Frustration

An Update on force majeure and doctrine of frustration in English Law Contractual parties create duties and obligations enforceable on themselves by bounding with a contract.[1] The former rationale was given to define the rule that any failure in performing the contractual duty undertaken result in a breach of contract.[2] Blackburn J. in Taylor v […]

LEGAL & REGULATORY

Legal and regulatory information

The UK management consulting firm “Venus Energy Global” is a private limited company constituted under the laws of England & Wales. Venus Energy is a UK consulting practice carried on by Venus Energy Global Ltd and its affiliated practices. Accordingly, references in the Legal Responsibility statement and elsewhere in this website to Venus Energy or VEG mean Venus Energy Global Ltd and the other partnerships and other entities or practices authorised to use the name “Venus Energy Global” or one or more of those practices as the context requires

The term “partner” refers to a member of Venus Energy Global Ltd or an employee or consultant with equivalent standing and qualifications. A list of members and/orother partners together with their professional qualifications is available for inspection at the office of Venus Energy Global Ltd.

In addition to our management consultancy services, we are able to provide legalservices through Guneyli Law & Consultancy in Turkey and other engineering & commercial consultancy services through Venus Energy Global Ltd.

Anti-Corruption Statement

Our policy is to conduct our business honestly, ethically and comply with all applicable anti-corruption legislation, including the UK Bribery Act 2010. We have a zero-tolerance approach to bribery and corruption and are committed to acting professionally and with integrity in all our business dealings and relationships wherever we operate. We have established internal, risk-based procedures to ensure awareness of and compliance with applicable anti-bribery laws, including in relation to the appointment of third parties to provide services on behalf of our clients.

Anti-Money Laundering Obligations

As a result of the obligations of Anti-Money Laundering regulations, we are required to obtain evidence to verify your identity before accepting new instructions from you. The required evidence may include a copy of passports or other identification documents by directors or equivalent people within the client organisations and evidence of the ownership structure of client organisations, and we may use external organisations to assist in gathering the necessary information. If we do not receive satisfactory evidence of your identity, we will not be able to act or continue to act on your behalf.

We may also have an obligation to report any knowledge or suspicion of criminal activity, or involvement in money laundering or criminal property by a client or third party arising during our professional work, to the relevant national authorities. Failure to do so is an offence.

Invariably, we are obliged to make such reports without reference to you, or without your consent as it is also an offence to prejudice any investigation by the authorities by “tipping-off” any party or any other third party suspected of money laundering. In certain cases, we may also be obliged to cease acting for you temporarily or permanently if these circumstances arise, without being able to explain why.

Complaints Procedure

For each of our clients, our partner(s) has overall responsibility for ensuring we deliver a high standard of service, and with whom any problems should be raised. If you have concerns at any stage about any aspect of our conduct in any matter, including the level of our fees, you should contact with our Managing Partner, YamacGuneyli. We will always try to resolve any problem quickly and we operate an internal complaint handling system to help us to resolve the problem between ourselves.

Disclaimer

Although we have taken care over what is said in this site, we have not attempted to give exhaustive statements of law or any opinions on specific legal issues. This site does not provide or offer legal or other advice. You should not rely on it as legal advice. We do not accept any liability to any person who does rely on the content of this website.

The site is for information purposes and is not an advertisement.

We are not responsible for the content of any other site, including any site through which you may have gained access to our site or to which you may gain access from our site. We do not accept any liability in connection with any such sites or links.

Nothing on this site constitutes a binding offer to perform any technical, commercial and legal service in any jurisdiction.

Privacy Policy

This policy (“Policy”) describes how Venus Energy collects, uses, and shares the personally identifiable information you provide to us and the information we collect while operating our business and in our website. “Personally identifiable information” is information about you that is personally identifiable like your name, address, email address, or phone number, and that is not otherwise publicly available.

We will collect and process personally identifiable information that you give to us including when you email us or contact us through various channels as follows:

Signing up for services on our site: when you sign up for newsletters, webinars, events or obtain consulting services from us or when you contact us with queries or respond to our communications the personal information you provide may include your full name, title, telephone number, email address and content, date and time of your email correspondence and information about your employer or your business.

In connection with our provision of consulting services: if you are a client of Venus Energy, you will provide us with personal information when you or the company you represent becomes a client. If you are not a client, we may collect or receive your personally identifiable information because you are involved in one of our client’s matters.

Personally identifiable information about our users is an integral part of our business. We will only use your personally identifiable information when the law allows us to. Most commonly, we will use this data in the following circumstances:

Where we need to perform the contract we are about to enter into or have entered into with you.
Where it is necessary for our legitimate interests (or those of a third party) and your interests and fundamental rights do not override those interests.
Where we need to comply with a legal or regulatory obligation.

Generally, we do not rely on consent as a legal basis for processing your personal data other than in relation to sending third party direct marketing communications to you via email or text message. You have the right to withdraw consent to marketing at any time by contact@venusenergyglobal.com .

We have put in place appropriate security measures to prevent your personal data from being accidentally lost, used, or accessed in an unauthorised way, altered or disclosed. In addition, we limit access to your personal data to those employees, agents, contractors and other third parties who have a business need to know. They will only process your personal data on our instructions, and they are subject to a duty of confidentiality.

We have put in place procedures to deal with any suspected personal data breach and will notify you and any applicable regulator of a breach where we are legally required to do so.