Insurance Law360 UK provides breaking news and analysis on the insurance industry. Coverage includes U.K. and European Union regulation, legislation, enforcement, and litigation involving insurance companies, underwriters, reinsurers, and brokers.
The last week has seen Gatwick Airport sue an insolvent construction firm and two insurers for professional negligence, Deutsche Bank lodge a claim against India's Canara Bank and a Markel unit file a contract dispute against German animal insurance specialist Hippo.
Recent years have seen an increased focus on class action litigation in U.K. courts, with a rise in high-profile and high-value claims being brought against corporate defendants. Furthermore, various factors suggest that the trend is likely to continue, say attorneys at Herbert Smith Freehills LLP.
Latham & Watkins has bolstered the infrastructure scope of its private equity practice in Europe by poaching two partners for its London office from Magic Circle law firms.
London’s banks and financial services should consider seeking guidance from Europe's domestic regulators about the future of their local operations, the Financial Conduct Authority has said, amid fears that Britain could leave the European Union without a trade deal.
Denmark’s tax authority has filed a suit at the High Court in London against 71 individuals and companies, including many in the financial services sector, which it alleges took part in a massive multinational fraud to cheat the Danish government out of £1 billion ($1.3 billion) in reimbursed taxes.