Regulation and Insurance
A number of significant legal issues arise in the event one or more Eurozone Member State exits the euro or the Eurozone breaks up generally. Bond Dickinson considers the lex monetae principle, contractual considerations, mitigation steps and the impact of the UK leaving the EU in 2018.
Law Firm: Bond Dickinson | Published: 30 May 2013 | Practice Area: Regulation and Insurance
On 1 April 2013, the Financial Services Authority handed over its regulatory reins to two new regulators, the Financial Conduct Authority and the Prudential Regulation Authority. Macfarlanes outlines the regulators' new powers and provides key points for regulated firms to consider.
Law Firm: Macfarlanes LLP | Published: 25 April 2013 | Practice Area: Regulation and Compliance
The FSA recently took action against Digital Satellite Warranty Cover Limited to wind it up 'in the public interest'. It was said the company's repair and replace warranties were tantamount to contracts of insurance. Shoosmiths outlines the case's facts and the significance for businesses.
Law Firm: Shoosmiths | Published: 15 April 2013 | Practice Area: Warranties
Macfarlanes’ latest regulatory update details a new survey launched by the Financial Services Authority (FSA) to better understand the potential number, nature and timing of applications that will be received from UK fund managers seeking authorisation or registration under the AIFMD.
Law Firm: Macfarlanes LLP | Published: 22 March 2013 | Practice Area: Regulation and Compliance
The consequences of failing to provide full disclosure before securing insurance for your business can be devastating. Many businesses do not appreciate the level of required disclosure and disputes with insurers often arise as a result. Wragge & Co outline common problems and how to avoid them.
Law Firm: Wragge & Co | Published: 05 March 2013 | Practice Area: Regulation and Insurance
This edition of DLA Piper's Asia corporate newsletter focuses on the follow-up consultation on the Statutory PSI Disclosure Regime; the Companies Ordinance consultation on subsidiary legislation; Contracts (rights of third parties) Bill 2013; and proposals for an independent insurance authority.
Law Firm: DLA Piper | Published: 17 December 2012 | Practice Area: Regulation and Compliance
A recent decision of the Technology & Construction Court in London has demonstrated the harsh impact of a breach of warranty created by the basis of insurance clause. DLA Piper analyses Genesis Housing Association Limited v Liberty Syndicate Management Limited and the case's potential implications.
Law Firm: DLA Piper | Published: 03 December 2012 | Practice Area: Regulation and Insurance
Cyber attacks are becoming increasingly prevalent and highlight the increasing need for cyber-liability insurance products across Asia to cushion the liability exposure of companies that process and retain personal data. Clyde & Co highlight potential liability, compliance issues and recent trends.
Law Firm: Clyde & Co | Published: 26 November 2012 | Practice Area: Regulators and Enforcement
The Information Commissioners Office has fined an insurance company for mixing up two customers' accounts and failing to rectify the mistake. Shoosmiths outlines why the fine was so high and why this development should serve as a warning to those in the financial sector.
Law Firm: Shoosmiths | Published: 19 November 2012 | Practice Area: Regulators and Enforcement
The liability cap in a contract to provide consultancy services was found unenforceable because of a contractual commitment to hold professional indemnity insurance for an amount higher than the cap. Wragge & Co have prepared an analysis of the case and some useful action points to consider.
Law Firm: Wragge & Co | Published: 08 October 2012 | Practice Area: Construction
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