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House Approves Conference Report on Dodd-Frank Wall Street Reform and Consumer Protection Act; Senate to Consider Bill after Independence Day Recess
On June 25, 2010, a U.S. House of Representatives and Senate conference committee agreed to the text of the watershed financial reform legislation that is now titled the Dodd-Frank Wall Street Reform and Consumer Protection Act (the “Act”).
Law Firm: Dewey & LeBoeuf | Published: 02 July 2010 | Practice Area: Derivatives
The New United Kingdom Financial Regulatory Regime
On 16th June the new Chancellor of the Exchequer, George Osborne, outlined a programme of reform of the United Kingdom's financial regulatory regime in a speech delivered to bankers and merchants of the City of London at Mansion House.
Law Firm: Dewey & LeBoeuf | Published: 23 June 2010 | Practice Area: Regulation and Insurance
Suing insolvent defendants - a new landscape for insurance claims
To date, an insolvent defendant has often not been worth suing. However, the Third Parties (Rights against Insurers) Act 2010 introduced changes to the 1930 Act of the same name and could enable developers or contractors to recover from insurers where policies are in force. Herbert Smith reports.
Law Firm: Herbert Smith | Published: 14 June 2010 | Practice Area: Regulation and Insurance
Insurance and reinsurance: understanding Solvency II
Solvency II will radically change the supervision of insurers and reinsurers across Europe. Under Solvency II, existing insurance directives will be amended and recast into the new regime which introduces a consistent, risk-based, regime to better reflect modern solvency and reporting requirements.
Law Firm: Norton Rose | Published: 26 May 2010 | Practice Area: Regulation and Compliance
Corporate insurance & regulatory bulletin – Court of Appeal update
The Court of Appeal has upheld the decision of the High Court in the case of InsuranceWide.com Services Ltd v Revenue and Customs Commissioners; Revenue and Customs Commissioners v Trader Media Group Ltd. This briefing by Mayer Brown examines this decision.
Law Firm: Mayer Brown | Published: 25 May 2010 | Practice Area: Competition Regulators and enforcement
Terrorism: the implications for hotel management agreements of events outside owners’ and operators’ control
Terrorist events outside the control of an owner or operator present significant issues of risk allocation for both parties under hotel management agreements. This note identifies those provisions in hotel management agreements to which both owners and operators should pay particular attention when...view abstract
Law Firm: Mayer Brown | Published: 03 March 2010 | Practice Area: Regulation and Insurance
Are strict liability offences indemnifiable?
In the Autumn 2009 edition of our Directors’ & Officers’ Liability review we drew attention to the strict liability regime applicable to directors of Phoenix companies by virtue of section 216 of the Insolvency Act 1986. In our recent briefing note, we considered the implications of an attempt by...view abstract
Law Firm: Barlow Lyde & Gilbert | Published: 01 March 2010 | Practice Area: Professional Indemnity
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Switzerland: When travelling becomes a risky business; Court decision colours trademark application; Changed legal framework for the collateralisation of securities
When travelling becomes a risky business Cindy Chambaud and Luca Beffa consider the risks – including extradition and arrest – that business people may face when they travel overseas. Court decision colours trademark application Dr. Michael Widmer and Fabian Sutter examine the implications of a...view abstract
Law Firm: Baker & McKenzie | Published: 01 March 2010 | Practice Area: Trademarks
Frolic of their own? A firm's responsibility for solicitors' actions
The High Court’s decision in Nayyar & Others v Denton Wilde Sapte & Another was handed down last month. In his judgment, Mr Justice Hamblen had to grapple with the two thorny issues of ex turpi causa and vicarious liability of a firm for the actions of its employees. This judgment will be of interest...view abstract
Law Firm: Barlow Lyde & Gilbert | Published: 26 February 2010 | Practice Area: Financial Crime and Fraud
‘Tis the season…
With PI insurers predicting a flood of claims for 2009, premium rates went up in the renewal season of 2008 for the first time in years. Nick Pointon surveys a much-changed market for solicitors’ cover
Law Firm: PYV Legal | Published: 10 February 2010 | Practice Area: Professional Indemnity
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