A U.K. appeals court's recent broad take on the protections legal privilege offers companies against demands from government prosecutors in a dispute over a Serious Fraud Office probe re-enshrines the confidentiality at the heart of the attorney-client relationship and offers comfort to multinationals facing cross-border investigations.
The last week has seen a private equity firm sue a major U.K. pub operator, an Iranian shipper take on dozens of insurers and a breach of contract claim against Merrill Lynch. Here, Law360 looks at those and other new claims in the U.K.
Ropes & Gray LLP has hired a former Financial Services Authority attorney away from Akin Gump Strauss Hauer & Feld LLP to expand its international risk team in London.
A rival to Domestic & General Insurance PLC has admitted to trying to poach the company’s customers but denied allegations of wrongdoing, adding that its own representatives do not mislead potential clients as a “general rule.”
Airbus can press ahead with its lawsuit seeking to avoid liability to a group of Italian insurers over a damaged airplane, a London judge ruled Friday, rejecting the companies' bid to delay proceedings while they contest the jurisdiction of their claim against the aircraft manufacturer in the Italian courts.
Compare the Market, a high-profile price comparison website, appears to be breaking competition law by preventing home insurers from offering lower quotes on rival sites, the U.K.’s antitrust enforcer said on Friday.
An accountant for a London cafe was fined nearly £6,900 ($8,970) on Thursday for lying about whether the company had complied with enrollment rules for its pension scheme, the first time an outside service provider has been prosecuted for such a violation.
Two linked companies that claimed to be able to claw back cash for people who lost money in alternative investments have been closed down by an English court after an investigation revealed they routinely misled clients, a government agency said Thursday.
A judge in London refused on Thursday to allow Genworth Financial Inc. to shift the blame for missold payment protection insurance onto two British units of Santander, after AXA SA sued the U.S. insurer for £28.5 million ($37 million).
The Financial Conduct Authority has said it will be more transparent about how it expects financial services businesses to comply with new rules as it seeks to ease concerns within the sector about its supervisory response to Brexit and the growth in cyberrisks.
Regulators in the U.S. and the European Union could join forces to test the vulnerability of insurers on both sides of the Atlantic to international cyberattacks as the threat from online crime escalates, Europe’s top insurance supervisor has indicated.
The Financial Conduct Authority detailed plans Wednesday to look into how insurance coverage is priced amid concerns that some consumers were being overcharged for home and motor insurance, a move that could lead the regulator to step in.
An insurance trade group on Wednesday accused the government of taking its eye off the ball as it seeks to reduce fire fatalities following the deadly Grenfell Tower blaze, pushing for tougher rules on combustible cladding in buildings.
The U.K.’s highest court has dismissed an appeal brought by a trustee seeking the rights to compensation that his client won after being missold insurance, ruling that neither the trustee nor the creditors of the estate have a claim because their responsibilities were discharged before the redress was discovered.
British savers clawed back more than £38 million ($48.5 million) from the government in overpaid pensions withdrawal tax from July to September, as rebates from the controversial levy hit a record high, according to data released on Wednesday.
The value of mergers and acquisitions among international insurance companies soared by almost a fifth to €37 billion ($42 billion) between January and June, a growth driven partly by the European Union’s sweeping capital regime, according to new data revealed on Wednesday.
A Clyde & Co. LLP partner who spent more than 17 years at the firm has gone in-house at specialist insurance and reinsurance broker BMS Group Ltd to serve as group chief legal counsel.
The average fine handed out by Britain’s data regulator for information breaches doubled in the year ending in September, as large firms now risk stiffer penalties under Europe’s new General Data Protection Regulation, a law firm said Tuesday.
A London judge has stayed an £85.5 million ($109.6 million) lawsuit between an insolvent Caribbean insurer and a U.K. accounting firm that it accuses of reckless auditing, paving the way for an out-of-court settlement.
Liberty Mutual Insurance Europe SE has been fined £5.2 million ($6.6 million) by Britain's Financial Conduct Authority for failing to properly oversee its handling of claims and complaints about mobile phone cover, the regulator said on Tuesday.
The Financial Reporting Council said on Tuesday that it will review the information that businesses, including banks and insurers, set out in their annual reports to ensure they provide shareholders with useful data on their investments.
Law360 speaks to Jeffrey Golden, joint-head of 3 Hare Court Chambers, and ex-Delaware Supreme Court justice Randy Holland about the importance of building contacts in different jurisdictions, how 3 Hare Court has been breaking new ground and building up a strong global practice, and which key trends they’re keeping an eye on within the legal industry.
With Britain less than a year from exiting the European Union, firms on Law360’s Global 20 have begun pushing deeper into the countries remaining in the bloc, adding offices and industry specialists in a shift that could rebalance how BigLaw works in the region.
Jay Greenberg and Max Volsky, co-founders of litigation finance platform LexShares Inc., analyze emerging trends based on conversations with their investors and executives in this rapidly evolving sector.
Study of the Enneagram personality typing system can provide attorneys with better insights into themselves, and into those they interact with professionally, including clients, opposing counsel and judges, says Jennifer Gibbs of Zelle LLP.
This year, the revised Payment Services Directive takes effect in the EU, providing the legal framework for open banking, which is intended to encourage competition in the retail banking sector by enabling customers to consent to allowing third parties safe and secure access to their current accounts, says Neil Warlow of JLT Specialty.
Blockchain's growth next year is unlikely to match its 2017 growth, but 2018 may well be a much more impactful year in the blockchain and cryptocurrency space. Emerging themes and initiatives include smart contracts, state-backed cryptocurrencies and the maturation of the initial coin offering market, says Austin Mills, head of the blockchain and cryptocurrency group at Morris Manning & Martin LLP.
For many female attorneys, the results revealed in the New York State Bar Association’s recently adopted report on female litigators in the courtroom were not encouraging but not terribly surprising. Each stakeholder in the litigation process — judges, law firms and corporate clients — should contribute toward increasing female voices in the courtroom, says Carrie Cohen of Morrison & Foerster LLP.
This has been a year of critical mass for legal tech and a transformative year for the legal industry as a whole. We also witnessed increased collaboration between legal tech companies and more traditional players, says Nicole Moriniere of Lexoo.
In the final part of this series about the General Data Protection Regulation, attorneys at Gibson Dunn & Crutcher LLP explain the stringent restrictions placed on cross-border data transfers to countries outside of the European Union, various compliance mechanisms and penalties, and potential deviations in implementation among EU member states.
While many U.S. companies have already begun work on complying with the General Data Protection Regulation, it has such a long reach that it may encompass many organizations that would not ordinarily expect to be subject to European data privacy laws, say attorneys at Gibson Dunn & Crutcher LLP.
Google’s status as a go-to research tool has transformed legal research habits, leading critics to view law libraries as cost centers. Law firms should embrace Google-style research tools and manage costs efficiently in order to position their libraries as valuable assets for years to come, says Donna Terjesen of HBR Consulting.
The upcoming divorce between the United Kingdom and the European Union will have ramifications for health, safety and personal injury claims in the U.K., as well as for U.K. residents' access to insurance while traveling in the European Economic Area, says John Hall of Tilly Bailey & Irvine LLP.