New European regulations that will take anonymity out of cryptocurrencies could be the nascent market’s entry into mainstream finance, with legal experts predicting that new laws will convince more businesses and investors that payment innovations like bitcoin are legitimate.
The U.K.'s pensions watchdog is unable to advertise for a replacement for its departing chief executive because the Department for Work and Pensions has failed to sign off the paperwork, the regulator’s chairman told lawmakers on Wednesday.
The U.K.'s antitrust watchdog warned Wednesday that it saw a lack of competition within the sector that manages £1.6 trillion ($2 trillion) of pensions, and proposed reforms to the tendering process in an attempt to make the market fairer for trustees.
The pensions minister refused to comment on Wednesday about whether the U.K. government is preparing to abandon sweeping reforms that would help millions of workers keep track of their retirement savings as he came under pressure from lawmakers.
Squire Patton Boggs LLP has maintained a cohesive team of attorneys in offices across the globe who guide billions of dollars in government infrastructure financing for projects like Dubai’s Route 2020 along with high-value initial public offerings, once again earning a spot on Law360’s Global 20 list.
Collapsed engineering firm Lagan Construction Ltd. has settled a claim against Starstone Insurance Ltd. alleging the insurer must cover the repairs for three Irish windfarms, which the builder said exposed it to costs of up to £47 million ($62.2 million).
Bermuda-based insurer Hiscox Insurance Co. is preparing to shift its cross-border contracts out of the U.K. amid concerns that companies could be breaking the law if they pay out to millions of policyholders after Britain exits the European Union.
Europe’s top insurance regulator said on Tuesday that it is reviewing how well insurance firms are protecting consumers who buy travel insurance, as it looks to provide guidance to insurers on best practices under Europe’s new insurance sales regime.
The government is to forge ahead with plans to make it harder for car crash victims to pursue insurance claims for "whiplash" injury in the U.K., rejecting pressure from lawmakers who say the reforms are a wider affront to justice.
The economic benefits the U.K. will gain when it can sign free-trade deals outside the European Union are “unlikely to offset losses” when it leaves the single market and customs union, two influential lawmakers said Tuesday ahead of a key parliamentary vote on new legislation.
Politicians will challenge the U.K.'s pensions minister on Wednesday over reports that the government is to ditch its plans for a “pensions dashboard” that would enable millions of savers to keep track of their retirement funds.
Hogan Lovells established a new office in Boston and helmed major legal victories with international implications, including securing a landmark patent decision at the U.K. Supreme Court and winning an uphill battle against “Putin’s banker,” earning the firm a spot once again on Law360’s Global 20 list.
Allianz Insurance PLC has defended its refusal to indemnify U.K. manufacturing firm Coilcolor Ltd. for flood damage, arguing in new court documents that the insurance policy was voided after the firm made repeated omissions and false representations about the past activities of its directors.
The leader of a gang that deliberately crashed vehicles then filed bogus insurance claims for sums exceeding £250,000 ($331,000) has been jailed for more than four years, the Insurance Fraud Bureau said on Monday, as 11 people were sentenced for their part in the fraud.
The accountancy watchdog unveiled a revamp of its corporate governance code on Monday aimed at improving boardroom culture and rebuilding public trust in British businesses.
Competition in the U.K.’s £500 billion ($663.2 billion) investment platform sector is “not working as well as it should,” the Financial Conduct Authority warned on Monday as it set out proposals to help customers switch services more easily.
The European Commission must design a broad regulatory framework to govern the use of drones because the current fragmented system is hampering growth in the market and fueling privacy concerns, the European insurance industry said on Monday.
Lawmakers urged the U.K. government on Monday to create the country’s first pension scheme that would offer broader "ambitions" for annual payouts, rather than guaranteed amounts, and help to bring about a “great pensions revolution.”
U.K. motor insurance premiums have fallen the most in one year since 2014 as the industry gears up for a change to the government’s compensation calculators and a crackdown on dubious whiplash claims, new data showed on Monday.
The last week has seen dozens of pension funds and other major institutional investors sue HSBC, the leadership of prestigious U.K. schools take on Scottish Widows and a dispute between two foreign exchange firms. Here, Law360 looks at those and other new claims in the U.K.
From playing a key role in Takeda’s $62 billion takeover of Shire PLC to its work on a $4 billion infrastructure deal in Africa, U.K.-based Linklaters LLP blazed new trails around the globe over the past year and earned a spot on Law360’s Global 20 list.
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.
The deadline for foreign financial institutions to sign up with the U.S. Internal Revenue Service's Foreign Account Tax Compliance Act registration system came and went last month. While deregulatory and tax reform efforts in Washington could eventually change FATCA enforcement, for the time being, failure to be in compliance can have serious implications, say attorneys with Burr & Forman LLP.
Solvency II has been a challenging regulation for European insurers, but insurers seeking to pass stress tests can rely on strategies like convertible bonds, which provide significant capital requirement relief without sacrificing return on invested assets, say Dan Partlow and Hart Woodson of Advent Capital Management LLC.
Nothing has been more instrumental in my role as a legal recruiter than what I learned from a variety of hedge fund managers, venture capitalists and investment bankers — how to analyze a deal and make a decision quickly. It boils down to the traditional SWOT analysis, says Howard Cohl, director in Major Lindsey & Africa’s emerging markets group.
While many aspects of the EU's General Data Protection Regulation may be causing consternation in boardrooms around the world, one particularly innovative provision could benefit individuals and businesses alike by leveling the competitive playing field — the right to data portability, say José Vega and Amy Puckett of Bradley Arant Boult Cummings LLP.
By "unicorn" I don’t mean the next great tech startup with a valuation of $1 billion. I mean the new breed of lawyers realizing that there are better ways to get their day jobs done, says Lucy Endel Bassli, assistant general counsel leading the legal operations and contracting functions at Microsoft Corp.
To the extent that companies have tolerated predominantly male leadership in the past because it was deemed necessary for growth and prosperity, or viewed diversity and the underrepresentation of women strictly as human resources issues, a growing body of research suggests otherwise, say Andrea Mitchell and Valerie Hletko of Buckley Sandler LLP.
Today's law firm chief financial officer should be involved in many areas beyond traditional financial management, including operations, risk management and information technology. He or she can support strategic planning throughout the process, from development of the plan to its implementation, measurement and eventual evolution, say Tyler Quinn and Marc Feigelson of Kaufman Rossin PA.
Clients are beginning to expect and demand that their external lawyers provide advice tailored to the client's industry. Aside from this, law firms should want to move toward a sector approach because industry-focused groups are a natural place for cross-practice collaboration to flourish, say Heidi Gardner and Anusia Gillespie of Harvard Law School.
U.K. Prime Minister Theresa May's speech in Florence last month was intended to create momentum in the ongoing Brexit negotiations, but has been criticized as vague and insubstantial. It seems that for the time being, the U.K. government's attitude toward Brexit negotiations is to wait for a solution to turn up, says David Mundy of Bircham Dyson Bell LLP.
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.