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16 June 2017
On 17 December 2014, President Obama issued a presidential policy directive normalizing relations between the United States and Cuba in an effort to further engage and empower the Cuban people.
14 June 2017
In late 2016, the Argentine Insurance Regulator (SSN by its Spanish initials) made official its modifications to reinsurance regulations, which have had a significant impact in the local reinsurance market and has opened doors for international reinsurers.
27 April 2017
Peruvian Labour Minister, Mr Alfonso Grados, has publically announced that the Ministry of Finance and Economy is considering taking on an unemployment insurance program by the third quarter of 2017. Unemployment insurance was one of President Kuczynski most controversial campaign promises.
27 March 2017
Two recent decisions of the Court of Appeal provide useful guidance on the validity of demands made under standby letters of credit or other Autonomous Demand Guarantees provided by way of security in circumstances where a final determination in law on amounts owing under the underlying contract is not available.
7 February 2017
Towards the end of 2016, news broke of a Brazilian Federal Police investigation designated Operation Greenfield, a major fraud investigation that the Brazilian press has labelled the “new Lava Jato”.
17 November 2016
Hanjin Shipping’s rehabilitation has continued to cause problems in multiple fields in the shipping world. Whilst there are signs of the dust beginning to settle, parties should be on high alert of their potential exposure. Our latest article examines recent issues and provides an update on the rehabilitation proceedings in Korea.
11 October 2016
Welcome to the latest edition of London Market Brief.
10 October 2016
In recent years, Venezuela has been in the spotlight for many reasons - unfortunately, not necessarily good ones. Political instability, contraction of the economy, high inflation rates, the oil price plunge and shortage of essential goods all feature in the complex Venezuelan environment.
26 September 2016
On 12th September 2016, the Korean Bankruptcy Court ordered that the original timetable for creditors to report claims and the receiver to submit the Hanjin rehabilitation plan should be revised.
1 September 2016
On 31st August, Hanjin Shipping Co Ltd filed to the Korean Court for court receivership following the withdrawal of credit facilities by banks and other creditors. Hanjin has applied for a protection of assets in the Seoul Central District court.
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