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Improvements are needed in due diligence and management...
Financial Ombudsman Service publishes annual review; Wonga aims for reinvention in new payday lending ads; Woolsey v Payne; and more.
The ICO has served Staysure.co.uk, an online travel insurer, with a £175,000 penalty notice for a serious breach of the security principle of data protection law.
Versloot Dredging BV & Or v HDI Gerling Industrie Versicherung AG & Ors considered whether the entire claim is forfeit if an Insured relies on fraudulent means or devices in pursuing a claim.
The paper, which has been issued by EIOPA on its own initiative, considers how various aspects of the so-called ‘holistic balance sheet’ might work.
This bulletin assesses numerous cases, including Collins v (1) Secretary of State for BIS (2) Stena Lane Irish Sea Ferries Ltd and Ahktar v Boland.
On 31 July 2014, the Council of the European Union adopted Regulation (EU) No 833/2014, which implements Council Decision 2014/512/CFSP of 31 July 2014.
With many legal and regulatory developments still to come in 2014, it is important for financial institutions to consider and understand these changes.
A new French law (the Consumer Act) that took effect on 18 March 2014 allows consumers to bring class actions in France.
In 2006, the Law Commission of England and Wales and the Scottish Law Commission commenced a review of insurance contract law.
Hong Kong has long been celebrated as a leading international financial centre. However, the regulation of its insurance intermediaries has for a significant time lagged behind.
Financial services newsletter — trade reporting obligations from 12 February 2014; standard form for EMIR reporting; and more
Eversheds has released the latest version of its financial services newsletter.
This briefing from Eversheds focuses on three recent insurance cases, including Frank McHugh v Shelbourne O’Brien Ltd Trading As the Stag’s Head.
The issue of what duties a lead underwriter owes to the following market when settling a claim was considered by the commercial court in the context of a ‘follow clause’.
This financial institutions e-briefing from Eversheds looks at the current overhaul going on in the professional indemnity insurance market.