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DWF Manchester

DWF downgrades US association in expansion bid

DWF has downgraded its exclusive relationship with Los Angeles-headquartered firm Wood Smith Henning & Berman (WSHB), as it seeks new ways of expansion. The firm originally gained a foothold in the US in 2018, before listing, when it announced an association with WSHB, giving it access to 22 locations in the world’s largest legal market. […]

RPC launches global insurance network with five firms

RPC is expanding its global insurance offering with the launch of a network that includes six firms from different counties. As a means of providing insurer clients access to specialists around the world, Global Access Lawyers is made up of firms from Australia, Canada, France, the Netherlands, and the USA. In order of countries, the […]

HSF teams up with FCA on Covid-19 claims tool

Five months since the Supreme Court’s ruling in the business interruption case, Herbert Smith Freehills (HSF) has again teamed up with the Financial Conduct Authority (FCA) to create a tool identifying potential insurance claims. The product, known as the Covid calculator, will help businesses impacted by the pandemic to see whether or not they are […]

Bellagio Las Vegas casino

Clydes hires 10-strong team in latest US expansion

Clyde & Co is to open three new offices across the South West region of the United States, spearheaded by a 10-strong team. The firm will expand into Phoenix (Arizona), Denver (Colorado) and Las Vegas (Nevada). The three offices will be led by newly-hired insurance partner Amy Samberg and her team, with all of them […]

Linklaters

Linklaters takes legal duties on Government’s Pool Re review

Linklaters has won a mandate to advise the Government on its five-year review of Pool Re, Britain’s leading terrorism reinsurer. The magic circle firm will rack up £395,000 to provide insurance and commercial expertise around the negotiating and drafting of commercial agreements and contracts. The review, run by HM Treasury, is aimed at ensuring that […]

Analysis

The Formula for Success: EQ ≥ IQ

Why is a lawyer like a dentist? It’s not a trick question – both are professions where, in order to be successful, emotional intelligence is vital. A patient in need of root canal treatment will favour the dentist that welcomes them into the surgery and ensures they feel relaxed while the painful problem is treated. […]

Linklaters

Decline and stall: the clock is ticking for Linklaters’ finance team

In late 2019, Linklaters’ global head of banking Davide Mencacci left his base in Hong Kong to visit the London headquarters of the firm. It was a standard trip for a practice leader; catching up with fellow partners, updating management and shaking hands with clients. All seemed normal, but there was something brewing. Just a […]

Roundtable: Sins of the father reversed? Discussing Okpabi

Greek mythology, the Bible and Shakespeare all make much of the sins of the father being visited on the child. However, for parent companies at least, that may no longer be the case following the Supreme Court’s recent decision in Okpabi v Royal Dutch Shell. At The Lawyer’s latest roundtable, Stephenson Harwood partners Ed Davis […]

Featured Briefings

Construction dispute success enforcing adjudicator’s award

Temple has developed new ATE/litigation insurance cover specifically designed to assist insolvent referring parties seeking adjudication on a construction dispute and the subsequent enforcement of any adjudicator’s award. The interlinked insurance policies provide indemnities for the adjudicator’s fees, adverse costs, the insured’s disbursements relating to any enforcement proceedings and the final determination proceedings.

Bermuda Economic Substance Amendment Act 2021

The Bermuda Economic Substance Amendment Act 2021 received Royal Assent on 30 June 2021. This Act amends Bermuda’s Economic Substance Act, 2018, to bring limited partnerships without separate legal personality and overseas partnerships into scope. Partnerships that are now in scope which are carrying out a specified relevant activity must be fully compliant with the economic substance requirements and associated regulations by 30 December 2021.

Outsourcing to cloud computing service providers

The European Insurance and Occupational Pensions Authority (“EIOPA”) is entrusted with issuing guidelines and recommendations to Member States’ supervisory authorities on how insurance and reinsurance undertakings should apply the Solvency II Directive 2 in order to (i) establish consistent, efficient and effective supervisory practices and (ii) ensure the common, uniform and consistent application of Union law.

What in-house counsel need to know about litigation insurance

Businesses avoid litigation for good reason – it’s time-consuming, expensive and a distraction. The job of in-house counsel is usually to keep their employer as far away from a courtroom as possible. But sometimes litigation cannot be avoided. A claim has to be pursued or defended.

No question you’ll see more life reinsurers in Bermuda

While the emergence of property and casualty (P&C) startups in Bermuda is likely to be muted in the months ahead, the influx of life reinsurers is expected to continue and will only strengthen the Bermuda marketplace, according to Brad Adderley, Partner at global law firm Appleby.

FCA consults on new climate-related financial disclosures for the asset management sector

In November 2020, the Government published its Roadmap towards mandatory climate-related financial disclosures across the UK economy by 2025, aligned with the recommendations of the Financial Stability Board’s Taskforce on Climate-related Financial Disclosures. In support of the Roadmap, on 22 June 2021, the FCA published proposals for enhanced climate related financial disclosures by standard listed companies and the asset management sector. This Insight focuses on proposals for the asset management sector contained within the FCA’s Consultation Paper 21/17 and summarises who the proposals apply to, the key rules being introduced and the next steps for firms.

FCA update to business interruption claims

The arrival of the Covid-19 pandemic may not have been an absolute surprise to epidemiologists but for many businesses, it was a completely unexpected, despite the rapid spread of the previous SARS outbreak a few years ago.

Bermuda Focus: An Exceptional Island

Bermuda brings to mind images of pretty pink sand beaches and beautiful blue seas. Its financial services industry prides itself on being one of the more developed jurisdictions in the region compared to its Caribbean peers. Bermuda has perhaps the largest and most sophisticated asset servicing ecosystem. It offers an infrastructure that is unsurpassed in […]