The European Union’s top court has been asked whether EU rules governing the recognition of court judgments in member states across the bloc should apply to a bankruptcy dispute involving the Belgian subsidiary of BNP Paribas.
Insurers on Tuesday demanded leniency from European Union policymakers toward companies that use customer data to help vary prices for particular social groups, which could be considered "profiling," under impending data protection laws that take force in May.
The threat of disruption to financial services contracts worth trillions of dollars that would be caused by a messy Brexit will force both the U.K. and European Union to reach a swift agreement on continuity, a senior British minister said Tuesday.
Controversial U.K. pension reforms risk fueling inequality by allowing wealthier savers to withdraw lump sums from their pensions to fund early retirement, the Organisation for Economic Cooperation and Development warned Tuesday.
The U.K. pensions regulator is facing questions from the chairman of Parliament’s Work and Pensions Committee about its oversight of a grocery supplier, following reports that the company ran an £80 million ($107.3 million) pension deficit.
An influential British lawmaker has demanded answers from Toys R Us about the health of its pension scheme after the troubled retail chain earmarked "at least" 26 U.K. stores for closure.
The High Court in London on Friday granted an accountant more time to resist paying back nearly £44,000 ($59,250) in defense costs to the European division of QBE Insurance Group, Australia’s largest global insurer, after he was accused of misappropriating company money in his role as a joint administrator of MK Airlines.
The U.K.'s finance watchdog plans to focus on substandard financial advice and encourage advisers and investment managers to report suspicious activity to the regulator, a director at the Financial Conduct Authority said on Monday.
Governments must extend existing laws on duties of care and conflicts of interest to cover the impending arrival of automated pension advisers, the Organization for Economic Cooperation and Development said on Monday.
The governing body of London's "Square Mile" of financial services and insurance firms signed a four-year standard-setting agreement with Tokyo on Monday as it seeks greater regulatory cohesion with other major financial centers after Brexit.
U.K. lawmakers will hear evidence next week that conmen are targeting the pensions of 130,000 steelworkers, whose savings scheme has been described by a senior politician as a “honeypot for scammers.”
The last week has seen more than a dozen Indian banks sue the co-owner of the Force India Formula 1 team as he faces possible extradition from the U.K., the Nigerian government takes on JPMorgan, and Ace lodges a dispute against Aviva Life.
A U.K. High Court judge said Friday that a group of insurers led by Aspen Underwriting Ltd. can bring a damages claim for alleged misrepresentation against the banker of a Turkey-based shipping company in the United Kingdom because it falls under tort law.
Global regulators sought industry advice on Friday about how to supervise insurance policies capable of triggering collective payouts when a disease epidemic or a natural disaster hits a developing country.
The Financial Conduct Authority urged savers in the U.K. to beware of free pensions advice on Friday and warned them against transferring funds into investments such as biofuel, forestry and care homes.
A High Court judge has dismissed a legal bid by the trustee of a British confectionery giant's pension fund to reclaim value-added tax from HM Revenue & Customs that the trustee paid to investment managers for services supplied to the scheme.
The U.K. government must end complacency over the cost of clinical negligence in the health service, which has quadrupled over the last decade, and urgently address how claims are affecting the availability of resources for frontline care and patients, a parliamentary committee said in a report published Thursday.
U.K. insurers on Friday urged the government to bring back tougher fire safety regulations for high-rise buildings and introduce compulsory sprinklers for schools, following London’s Grenfell Tower disaster earlier this year.
The U.K. government has urged insurers to develop policies to pay extended salaries to staff suffering long-term illness, saying most employers keep sick pay at the legal minimum.
Multiemployer pension schemes will need to meet new tests of their capital adequacy and governance — and companies that offer them will have to pay up to £67,000 ($90,400) to continue operating in the U.K. — under regulations that take force next year.
The shift to electronic filing has somewhat eased the task of reviewing briefs and their supporting files. An e-brief takes e-filing to the next level, says Christine Falcicchio, a principal at Strut Legal Inc.
Companies that become subject to parallel investigations in the U.S. and the U.K. must be mindful of the fact that taking the same approach to disclosure and cooperation in both jurisdictions may not lead to the most favorable outcome, says Robert Amaee, head of Quinn Emanuel's white collar and corporate investigations practice in London.
Last week, the U.K.'s Criminal Finances Act came into force, introducing new criminal offenses intended to help prosecutors prove when senior members of a company are actively involved in illegal activity. As the government continues to roll out new offenses, insureds should ensure that their directors and officers insurance policies keep pace, says Carey Lynn of JLT Specialty Limited.
For as long as e-discovery lawyers have been using technology assisted review, a belief has persisted that it cannot be used economically or effectively in small cases. But TAR can be highly effective in small cases, typically reducing the time and cost of a review project by 60 to 80 percent, say John Tredennick, Thomas Gricks III and Andrew Bye of Catalyst Repository Systems LLC.
The Sedona Conference Working Group's updated Sedona Principles provides a timely reminder that the legal industry needs to be thinking more seriously about the interconnectedness between e-discovery and information governance, says Saffa Sleet of FTI Consulting Inc.
Counsel fees, issue fees, risk of loss and the “additional” cost of a barrister mark significant differences between the U.K. and U.S. legal processes. The good news is that the bond between the U.K. and the U.S. arising out of our common history and law renders retaining and working with U.K. counsel seamless and rewarding, says Richard Reice of Hoguet Newman Regal & Kenney LLP.
Since the vote to leave the EU, ending the jurisdiction of the Court of Justice of the European Union has been the U.K. government's redline position. On the other hand, the EU has pressed hard to maintain the role of the CJEU as the guarantor of EU citizens' rights, say Cyrus Benson and Ceyda Knoebel of Gibson Dunn & Crutcher LLP.
Blockchain has grown well beyond its cryptocurrency roots, leading proponents to suggest that it can aid in everything from voter registration to supply chain tracking. Companies can prepare for insurability and regulatory issues by recognizing potential risks in advance, say Brian Scarbrough and Justin Steffen of Jenner & Block LLP.
Last month, the U.K. government announced its plan to implement a data protection bill that will avoid disadvantageous divergence with the EU's data protection regime. Companies in the U.K. should take this opportunity to clean up their data protection practices, and may need to look at other protective measures depending on the U.K.'s data protection adequacy, say Sarah Delon-Bouquet and Roman Madej of Bryan Cave LLP.
The range of possible and better fee agreements is wide. But such alternatives will become popular only if litigants confront the psychological tendencies shaping their existing fee arrangements, says J.B. Heaton, a partner at Bartlit Beck Herman Palenchar & Scott LLP.