In this monthly series, legal recruiting experts at Major Lindsey & Africa interview management from top law firms about navigating an increasingly competitive business environment. Here we feature Durgesh Sharma, CIO at Littler Mendelson PC.
A U.K. cancer patient has secured a groundbreaking deal with Zurich Insurance agreeing to pay for future medical therapies that are yet to be discovered, his lawyers told Law360 on Friday.
The European Commission is preparing for a major review of its insurance regime later this month and will consider how to scrap “undue barriers” that restrict companies’ financial activities.
The government announced on Friday that 45 U.K. financial services firms have signed up for an initiative to boost the number of women in leadership roles, bringing to 205 the number of businesses that have joined.
The Bank of England told lawmakers and regulators in the U.K. and Brussels on Friday that they need to do more to prevent “material risks” from Brexit disrupting Britain’s financial sector.
U.K. credit insurers have been forced to pay out the highest level of claims for payment of bad debts since 2009 after a succession of major companies went bust, new data revealed on Friday.
The U.K. Justice Ministry is engaged in talks for a new website that would let claimants contact insurers directly for automotive-related claims, leaving many British personal injury lawyers wary of an existential threat to their business as well as the veil of secrecy surrounding the talks.
U.K.-based MCE Insurance on Thursday said that it is shutting down its operations in Ireland and blamed the U.K. government for failing to clarify how Britain will transition out of the European Union.
Law firm Clyde & Co. LLP on Thursday announced that it will partner with a U.S. insurtech hub to help connect the insurance industry with innovators and startup companies.
The European Union’s top financial supervisors said on Thursday that the rise of “big data” does not require any changes to European laws and regulations, since existing legislation should safeguard consumers and banks against any risks.
An assistant director who suffered “career-ending” injuries on the set of the James Bond movie Spectre has sued the film’s producers to recover £2.5 million ($3.5 million) from their insurer Chubb, his lawyers told Law360.
The European Union’s banking watchdog published its “fintech roadmap” on Thursday, setting out a series of supervisory priorities for the next two years, including monitoring financial technology firms so they can be consistently regulated across the EU.
A replacement retirement fund for 83,000 members seeking to leave the troubled British Steel Pension Scheme will be launched later this month, trustees announced on Thursday, ending months of uncertainty about the future of the savers.
A partner of Rockpool Investments LLP is seeking at least £6.6 million ($9.2 million) in damages from the private equity firm, alleging that her co-partners breached their contract by diluting the value of her shares in the firm without her knowledge and input in the process.
Some multinational companies and their legal departments have been taking steps toward complying with the European Union’s upcoming data protection regime, while others have only just begun or aren’t even considering action before the regulation goes into effect in less than 75 days. Here, Law360 looks at how businesses and their legal departments can prepare for the approaching May 25 implementation date.
Major U.K. insurance and financial services group Prudential PLC said on Wednesday that it will split its British business from its U.S. and Asian operations, in a move that will boost its Solvency II capital surplus by £300 million ($419 million).
The European Parliament on Wednesday voted to offer the U.K. a trade agreement without any special access for financial services or other industries after the nation leaves the European Union.
European policy needs to be enhanced by introducing new instruments that help to target risks caused by financial services firms other than banks, the European Central Bank’s vice president said on Wednesday.
The U.K.'s pensions minister told a parliamentary committee on Wednesday that it would not be necessary for politicians to draw up "quick laws" to regulate proposed savings schemes that offer flexible "ambitions" for retirement income rather than promising specific returns.
The Court of Appeal in London has overturned a ruling that forced Allianz Insurance to appoint a new arbitrator in its dispute over reinsurance liabilities stemming from the 2001 terrorist attacks on New York.
Despite early indications that the U.K.'s Financial Conduct Authority and the European Securities and Markets Authority would require investment firms' clients to obtain legal entity identifiers by Jan. 3, regulators have now extended the deadline by six months. There is no extra credit for timely compliance, but in the long term, noncompliant entities cannot sit back and do nothing, say Keily Blair and Andrea Holder of Pricewaterh... (continued)
France's recent settlement with HSBC under the new Sapin II anti-corruption framework could signal a new phase of government enforcement in the country. While the terms and structure of the settlement bear many similarities to deferred prosecution agreements in the U.S. and the U.K., they also differ in certain key respects, say attorneys with Skadden Arps Slate Meagher & Flom LLP.
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.