Allianz Seeks £1.7M From Haulage Biz Over Burberry Theft

By Joel Poultney

Insurance giant Allianz has sued the British and Romanian arm of an international road haulage company for around £1.7 million ($2.27 million) over the "willful misconduct" it said led to thieves getting away with high-value Burberry stock. 

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EU Adviser Backs Oligarch Sanctions Tied To Alfa Bank Role

By Eddie Beaver

German Khan can't lift European Union sanctions against him, because the oligarch manages the assets of Alfa Bank which is one of the most important companies in Russia's banking sector, an advocate general of Europe's top court has said.

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Allianz Launches Digital Motor Insurance MGA

By Joel Poultney

Insurance giant Allianz has launched a new managing general agent to offer U.K. motorists access to car insurance through streamlined digital channels.

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Roundup

UK Litigation Roundup: Here's What You Missed In London

By Megan Norcott

The past week in London, Russia's state development bank was sued in a commercial fraud claim involving military GPS technology, one of Nike's subsidiaries brought an intellectual property claim against a menswear company owner, BlackBerry re-opened a $6.49 million claim against its South Asian licensee and CBRE property services filed a claim against CMS Cameron McKenna Nabarro Olswang LLP. 

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Insurer Loses Bid To Brand Ex-CEO's £1.7M Take Dishonest

By Eddie Beaver

An appeals court rejected on Friday an insurer's argument that its former chief executive had dishonestly pocketed £1.7 million ($2.3 million) from the business, ruling that a judge had fairly concluded that he believed he was authorized to take the money.

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More Than 9 In 10 Pension Pros 'Would Use Surplus Funds'

By Tom Fish

More than nine in 10 U.K. pension professionals expect to take advantage of planned new government rules that would allow defined benefit retirement schemes to release surplus funds, a pensions consultant has said.

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FCA To Simplify Cost Disclosures On Consumer Investments

By Alex Davidson

The Financial Conduct Authority has set out proposals to simplify how financial services platforms and advisers disclose investment costs to consumers by merging fragmented rules on disclosure into a single approach.

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EU Watchdog To Ease Transaction Reporting For €1B Saving

By Alex Davidson

The markets watchdog of the European Union has released a plan to simplify transaction reporting for financial institutions by eliminating duplication across rules as it seeks to save up to €1 billion ($1.14 billion) a year.

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Why Tonzip Is Notable In English Sanctions Law Development

The Court of Appeal's ruling in Tonzip Maritime Ltd. v. 2Rivers Pte Ltd., the latest in the English law of sanctions ownership and control, confirms that where a contract refers to sanctions exposure, the relevant question may be whether there is a real and objectively reasonable risk, not whether a sanctions breach has already been proved, say lawyers at Michelman Robinson.

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