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 Serious Fraud Office’s new chief said Monday that the agency under her five-year tenure will take a more proactive, cross-border approach to bringing sophisticated criminals to justice, including by using technology more effectively.
Politicians will begin taking evidence on Wednesday about whether pension scheme managers are sufficiently open about their charges and the performance of their funds, as increasing numbers of savers transfer their nest eggs under Britain’s controversial retirement freedoms.
The last week has seen AIG, Swiss Re and several Lloyd's syndicates lodge a shipping claim against Maersk, more retailer claims against Visa and Mastercard, and a new application involving the Libyan Investment Authority. Here, Law360 looks at those and other new claims in the U.K.
Polsinelli PC has added a former Holland & Hart LLP partner who brings years of experience advising companies on privacy issues in both the U.S. and the U.K. and a deep understanding of European privacy laws and their impact on multinational businesses.
Allianz Insurance can avoid a claim for approximately £580,000 ($752,000) in losses resulting from a fire at a sports car garage, a Scottish appeal court has ruled, as it rejected arguments by the owner of the business that lies about the cause of the fire did not entitle the insurer to refuse to cover the loss.
Lloyd’s of London syndicates will soon be able to underwrite cannabis-related business in Canada without breaching Britain’s anti-money laundering laws — but they must be vigilant about policyholders moving the drug into the U.S, the specialty insurance market has said.
The British public overwhelmingly backs government plans to clamp down on fraudulent claims for whiplash injury, the Association of British Insurers said on Friday, as it sought to outmaneuver claimant lawyers in its battle over motor insurance reforms.
The Fifth Circuit on Wednesday tossed three oil companies’ appeal of a Louisiana federal court’s decision capping the potential liability of Cenac Marine Services LLC’s excess insurers for a 2016 ship accident that resulted in $60 million worth of damage, saying the lower court’s order was not ripe for appellate review.
Thousands of loyal home insurance customers are being penalized with price hikes that mean they are paying “excessive” premiums, a consumer group has warned amid concerns by the Financial Conduct Authority that companies are overcharging longer-term policyholders.
Essex Court Chambers Duxton in Singapore has snapped up the former head of Baker McKenzie Wong & Leow's international arbitration practice, an experienced attorney and university lecturer with a background in maritime law, international trade and insurance.
French insurer AXA has served up a suit at a London court against its U.K. arm on behalf of a British construction company as it seeks approximately £1.1 million ($1.4 million) over damage allegedly caused to a tennis court at a venue that hosts a top-level women’s tournament.
Ten million people will lose more than than £15,000 ($19,500) each if the U.K. abandons plans to set up a website for workers to track their retirement savings, a campaign group warned on Thursday, as pressure builds on the government to save the threatened project.
Nearly two million British expatriates living in the European Union should make sure their pensions and other financial arrangements will be able to withstand regulatory upheaval and a crash in sterling if there is a "no-deal" Brexit, a major consultancy company warned on Thursday.
Steel coil producer Acciaieria Arvedi SpA and Italian insurers Itas Mutua and Società Reale Mutua di Assicurazioni are suing Pretty Bright Shipping in the U.K. over alleged damage caused to a cargo of steel coils while in transit in January 2015.
A federation of European national insurance associations said Wednesday that Europe's Solvency II capital regime places an "extensive and resource-intensive" burden on insurers that want to invest in infrastructure finance by requiring them to evaluate whether these assets qualify for tailored supervision, which may deter them from investing in these longer-term products.
Insurance giants Royal & Sun Alliance and a unit of AXA SA are facing a $415,000 lawsuit after an engine exploded on a ship, halting its delivery of 6,000 tonnes of timber to southern India, according to documents filed at the High Court in London.
The pensions regulator has urged the U.K.'s defined benefit retirement funds to warn members about the risk of transferring their money into less generous schemes, as it steps up efforts to protect savers using Britain’s controversial retirement investment freedoms.
London-based broker Miles Smith has said in the latest round of a court battle that an insurance broker it is suing for breach of contract cannot fight the claim by arguing that a cancellation clause in its client’s policy was unusual or excessively onerous, because the terms are commonly used in the industry.
The European Union should link future trade deals to compliance with international tax practices, a paper from a prominent Brussels think tank said Tuesday.
A man who admitted to defrauding three insurance claims management companies and their clients to pay debts he had accumulated on multiple holidays to Disney World has been sentenced to 26 months in prison, the City of London Police said Tuesday.
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.
While a great deal of uncertainty remains around Brexit, there will be challenges for all contractual parties in the U.K. and the EU as they approach existing and future contractual obligations, say Dipti Hunter and Kirsty O'Connor of PricewaterhouseCoopers LLP.
As financial services and fintech firms seek to reduce their vulnerability to cyberattacks and mitigate against regulatory and litigation exposure, one key inquiry is the extent to which a company’s cybersecurity controls are consistent with industry best practices. In this regard, a recent report from the World Economic Forum provides a valuable reference point, say Rishi Zutshi and April Collaku of Cleary Gottlieb Steen & Hamilton LLP.
Like medical professionals, lawyers often resist policies to reduce errors due to the culture of perfectionism that permeates the industry. Autonomy is key to the legal professional's prestige and the outward demonstration of competence is key to maintaining autonomy, says Peter Norman of Winnieware LLC.
Recent disclosures by U.K. insurance regulators have highlighted the possibility of an imminent flood of applications by U.K. insurers to English courts to transfer their policies to their EU-based affiliates. Policyholders affected by these transfers will need to scrutinize them closely, says Richard Mattick of Covington & Burling LLP.
In the long term, Carillion PLC's collapse has added to the growing demand for increased regulation and scrutiny of company directors fueled by the failure of British Home Stores. The U.K. government has promised to introduce new sanctions for company directors who put their employees' pensions at risk, say Lance Ashworth, QC, and Zahler Bryan of Serle Court Chambers.
Legal leaders who want to meet their clients' expanding expectations should start moving their documents to future-ready document management solutions now if they want to stay competitive in the next few years, says Dan Puterbaugh of Adobe Systems Inc.
The sheer scale and global nature of the Volkswagen diesel emissions scandal has led to discussions about how such high-volume consumer cases are handled, with some commentators suggesting that the case represents a turning point in how class action litigation is viewed and handled, particularly in Europe, say Noah Wortman, global head of class action services at Goal Group, and attorneys with Hausfeld LLP.
In a recent report, the Organisation for Economic Co-operation and Development considered whether cyber insurance can operate as a driving force in improving cyber risk management generally. Making detailed information on cyber incidents available would help cyber insurance function as a critical risk resilience tool, say Neil Warlow and Sarah Stephens of JLT Specialty Limited.
The regulatory fragmentation on the federal level, and at the U.S. state and EU member state levels, presents challenges and uncertainty for many fintech companies. The resolution of these uncertainties will directly impact the evolution of this sector, say attorneys with Skadden Arps Slate Meagher & Flom LLP.
Late last year, the Sedona Conference released the third edition of its principles addressing electronic document production, updated to account for innovations like Snapchat and Twitter. It may be necessary for these principles to be updated more often in order to keep pace with technology, says Charles McGee III of Murphy & McGonigle PC.