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.
Financial technology startups in Britain are on track for a record year of investment, new figures show Thursday, giving the sector a welcome boost amid the uncertainty generated by Brexit.
Lloyd’s of London insurers should consider shifting toward out-of-court arbitration to avoid clashes over which tribunal should decide legal disputes after Brexit, their trade organization said Thursday.
A U.K. parliamentary committee on Thursday announced plans to measure the success of a government-backed campaign implemented last year to boost the number of women in senior roles at banks, insurers and other financial services.
The U.K. government has reintroduced draft legislation to extend compulsory motor insurance to driverless cars, proposing a legal framework that could pave the way for the vehicles hailed by analysts for their potential to reduce risk behind the wheel.
A European parliamentary committee has signed off the final report of its 18-month inquiry into the Panama Papers leaks, revealing Wednesday that it found that some member states had "bent and ... outright broken" anti-money laundering and tax laws, and calling for stiffer fines for banks and others that breach those laws
Aon PLC has developed a cyber resilient framework for pension schemes, sponsors and advisers to help them manage cyberrisk and minimize any economic or legal fallout in the event of an attack, the London-headquartered insurance brokerage announced Tuesday.
The U.K. Prudential Regulation Authority on Wednesday guided the country’s most risk-exposed insurers about how to report sensitivities around their solvency positions to the regulator twice a year.
The High Court in London has ruled that a hotel operator doesn’t owe £2 million ($2.6 million) to a financial services company for introducing it to a U.S. insurer that helped the hotelier refinance its debt.
British executive recruitment firms could align themselves with the country's insurance sector to oppose new European data protection laws that prevent companies from storing personal information, according to a report issued Wednesday.
The U.K.’s antitrust watchdog announced plans Wednesday to introduce new rules to challenge a near-monopoly in insurance for defects in new buildings, which a single body provides for around 80 percent of new homes.
Europe’s top supervisory authorities have been given a year to report back to the European Commission on a large-scale study of the costs and previous performance of retail investment, insurance and pension products as it seeks to speed up completion of its capital markets union project.
European lawmakers have urged the European Commission to postpone the application of its new insurance regime from February until next October, a parliamentary spokeswoman said Tuesday.
The U.K.'s pensions regulator has urged savers to hang up immediately on cold callers as it launched a campaign to prevent criminals from exploiting new pensions freedoms.
Bank of England Governor Mark Carney said Tuesday that trillions of dollars in cross-border financial contracts could end up in a legal vacuum if Britain leaves the European Union without a transition period, as he identified derivatives, insurance contracts and data sharing as areas of concern.
A financial services trade consultancy is being sued by the founder of an insurance broker it bought in 2004 over allegations that a bonus payment linked to the value of the business it acquired was based on misleading information which undervalued the intermediary by around £700,000 ($923,400).
The head of a parliamentary committee has warned that The Pensions Regulator may be powerless to help 130,000 members of a steel workers’ savings scheme in the face of a giant pan-European merger.
The Financial Conduct Authority on Monday launched the first phase of an online center designed to help asset management companies apply for authorization in the U.K., as part of wider plans to encourage competition in the sector and make information easier to access.
Lawmakers have challenged the U.K. pensions regulator over plans by media giant Trinity Mirror PLC, which runs a £336 million ($446 million) pension deficit, to buy a rival publisher with its own £19 million shortfall.
Fewer than a third of businesses in Europe, Africa and the Middle East fully understand the consequences that demanding new information rules from Brussels will bring in May, new data showed on Monday.
More than a quarter of senior risk and information technology managers say their firms have been hacked or suffered a cyber incident in the last year, Chubb Ltd. said Monday.
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.