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Case review 07-10-2019
Moulin Global Eyecare: duty of non-executive directors in response to red flags
A recent decision of the Hong Kong High Court, Moulin Global is a rare example of a director of a Bermuda company being held liable to the company for breach of duty and illustrates that courts will hold non-executive directors to account for failure to take action in response to red flags as to the company’s solvency.
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Article 19-09-2019
Professions and Financial Lines Brief: latest decisions September 2019
In this briefing, we consider the latest significant court decisions impacting claims arising from professional liability and financial lines policies and products. Issues covered include: heads of terms in mediation; Approved Inspectors’ duties; limitation periods; jurisdiction disputes; business transfer schemes; insolvency exclusions; Ponzi schemes; and solicitors’ duty to point out procedural irregularities.
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Article 19-09-2019
Cryptoassets: FCA publishes Guidance on regulation of cryptoassets
The Financial Conduct Authority (FCA) has recently issued its Final Guidance on Cryptoassets (Guidance PS19/22) to clarify which cryptoassets fall within the UK regulatory perimeter, and in doing so has identified a new category of cryptoasset.
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News 12-09-2019
Kennedys strengthens UK presence with Bristol opening
We are delighted to announce that we have strengthened our domestic network by establishing a base in Bristol, which becomes our eleventh office in the UK and 38th globally.
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News 05-09-2019
Kennedys grows presence in Portugal with merger
We are pleased to announce that we have grown our presence in Portugal by merging with boutique Portuguese firm N. Maldonado Sousa & Associados. The merged firm will move into our existing Lisbon office in the centre of the city.
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News 02-09-2019
Kennedys strengthens professional liability practice with four partner hire
We are pleased to announce that we have enhanced our professional liability capabilities with the appointment of four partners and two associates across three of our UK offices.
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Article 28-08-2019
Offshore captive insurers: are the EU’s economic substance requirements a game-changer?
These should be good times for the captive insurance sector and for other self-insurance arrangements. After the longest ‘soft’ market in recent memory (a time when insurance capacity exceeds demand and thus depresses premiums), the insurance and reinsurance markets have finally begun to turn and harden, with premium rates rising across most business lines.
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Article 23-08-2019
New Commercial Hub introduces a more efficient disputes system in Northern Ireland
The rules surrounding commercial disputes in Northern Ireland (NI) are going through a period of significant change. This principally involves the creation of a specialist court with new case management rules aimed at resolving cases more quickly and cost-effectively, as well as improving commercial clients’ general experience of the litigation process.
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News 12-08-2019
Philadelphia partner hire for Kennedys boosts insurance capabilities
We are pleased to announce the addition of insurance coverage attorney Louis Kozloff. With over 20 years’ experience in the insurance field, Lou represents insurers in coverage and bad faith litigation, and regularly advises insurance industry clients on a wide variety of coverage issues, including directors’ and officers’, errors and omissions, general liability, marine and extra-contractual exposure matters. He joins as a partner in our Philadelphia office.
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Article 18-07-2019
Why is the Information Commissioner’s Office like the England cricket team?
What a week it has been. England have won the Cricket World Cup, and both Marriott and British Airways have been hit for six by the ICO. It’s fair to say that both the England team and the ICO have upped their game.