Large indemnities for group claims– the new norm?

With the rise in group litigations, in particular in the competition and securities sector, it’s natural that demand for adverse costs insurance policies with high limits of coverage has increased in recent times. However, few would have predicted quite how quickly that increase in demand has manifested.

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5 key considerations when obtaining adverse costs insurance for competition class actions

The competition class action arena is a lively market. In the largest cases, several groups rise up led by different law firms all competing in the book building process. The claimant must decide which group is offering the best deal for them (or whether to opt out and go it alone), a question which will often boil down to the underpinning litigation funding arrangement.

Latest Briefings

Food & Drink Update – September 2020

Guidance on the latest food and drink rules, including post-furlough planning and workforce measures manufacturers, Brexit and the workforce – how to prepare for upcoming changes, protecting innovation in the food & drink industry, and more.

Coronavirus business interruption test case – judgment in the “insurance case of the century”

Flaux LJ and Butcher J today handed down judgment in the test case brought by the FCA to explore whether hundreds of thousands of businesses can recover under their business interruption policies for losses caused by the pandemic, in the “insurance case of the century” – the only claim heard under the Financial List Test Case Scheme. Many of those businesses will, today, be celebrating a fantastic win for them.

Cayman Islands Update: Economic substance guidance notes V3 issued

On 13 July 2020, the Cayman Islands Department for International Tax Cooperation (the “DITC”) issued version 3.0 of the Guidance on Economic Substance for Geographically Mobile Activities (the “Guidance”) pursuant to the ES Law (as defined below). This replaces the previous version 2.0 of the Guidance issued on 30 April 2019.

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