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We’re often asked what makes a good fraud case. Sadly, there is no magical formula and what makes one fraud case could break another. There are however some key ingredients which when mixed and cooked the right way should have you on your way.
Case review 02/20/2020
The Court of Appeal’s decision this week in the Financial Reporting Council Ltd v Sports Direct International Plc is a timely reminder of the importance of legal privilege, which particularly resonates in the data protection/cyber sector.
The legalisation of cannabis in certain parts of the world presents both big challenges and big opportunities for insurers.
Case review 02/13/2020
The defendant applied to set aside a judgment in default of defence. The issues were whether it was open to the court to enter a default judgment under Pt 12.3, where a defence had in fact been filed prior to the judgment, and whether an application to set aside judgment under the court’s discretionary powers, under Pt 13.3, should be treated as an application for relief from sanctions.
This article looks at the concept of corporate social responsibility and the benefits of companies taking such positions; corporate accountability when such positions are asserted, including potential risks given the current litigation climate, as well as the political, economic and social environments; and potential issues underwriters and claims handlers should consider when insuring companies that take more active positions on social responsibility.
The current coronavirus outbreak (recently named COVID-19 by the World Health Organisation (WHO)) is dominating global headlines. Since it was first reported from Wuhan, China on 31 December 2019 it has spread to 25 countries, infected over 42,000 people and claimed over 1,000 lives.
Case review 02/10/2020
The High Court has handed down judgment in the multi-party Ingenious Litigation (Rowe & Ors v Ingenious Media Holdings plc & Ors [10.02.20]), which provides further guidance on the circumstances in which litigation funders may be required to provide security for costs.
Although Bermuda’s share of the global funds industry is smaller than its share of the international insurance and reinsurance industry, there is a credible business case for optimism in 2020 and beyond.
On 6 January 2020, the Financial Conduct Authority (FCA)’s Director of Supervision, Retail and Authorisation, Mr Jonathan Davidson, wrote to the chief executives of wholesale general insurance firms to set out the FCA’s clear expectations that firms must be proactive in tackling non-financial misconduct (the Dear CEO letter).
Attempts to regulate claims farming and its impact have shaped the evolution of claims farming practices and the way businesses operate.