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The current outbreak of the coronavirus disease (COVID-19) began in December 2019 in the city of Wuhan in Hubei, China. The disease has now spread to all Chinese provinces, in addition to numerous other countries including the UK.
Cryptocurrencies are relatively recent innovations. While the common law appears to be evolving in line with the technology, statute and regulation are moving at a much slower pace. We must therefore consider that, although cryptocurrencies can be the subject of freezing orders, should they be?
Kennedys Real Estate and Construction teams to attend MIPIM 2020 – the world’s largest property investment conference in Cannes
We are delighted once again to be attending MIPIM, the internationally-renowned property conference taking place from 10 -13 March 2020 in Cannes, France. Our attendance at this year’s MIPIM reinforces our ongoing commitment to supporting clients in relation to real estate and construction matters, and staying at the forefront of development in the markets in which our clients operate.
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.
Bermuda’s economic substance regime has been brought into closer alignment with the regimes implemented by other jurisdictions named in the European Union’s Code of Conduct Group’s call in 2018 for substance laws.
With the pace of change in the global insurance market showing no signs of slowing in 2020, we have underlined the London Market’s need to reassert its ability to adapt and manage the constant evolution of global risk. Releasing our annual London Market forecast for the year ahead, we have made predictions across 11 areas impacting the London Market, namely: aviation, casualty coverage, construction, cyber, energy, financial lines, marine, product liability and life sciences, professions, political risks and property damage.
Case review 17/12/2019
The Hong Kong Court of Final Appeal (“CFA”) recently handed down its judgment in Zhang Hong Li and others v DBS Bank (Hong Kong) Limited and others (FACV 2/2019) (22 November 2019) which reverses the findings by the Court of Appeal (“CA”) in respect of the breach of trust/fiduciary duties owed to sophisticated investment customers by the trustee and corporate services of a bank.
A roundup of recent cyber related developments including: non-material damages under the GDPR; data protection laws in Asia-Pacific; cyber attacks in the education sector; regulation of cryptoassets; blockchain in the pharmaceutical industry; challenges presented by autonomous vehicles; and algorithms as a new emerging risk.
A look at how board-level considerations of climate change must shift, and the potential consequences if they do not.
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.