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Case review 15/08/2018
Litigation funding: Irish Supreme Court holds a non-party liable for legal costs in a landmark judgment
On 27 July 2018, the Supreme Court upheld a 2011 High Court decision that a non-party to proceedings, who was a director and shareholder of the insolvent plaintiff companies, was personally liable for the costs awarded against those companies.
Statistics released by the Health and Safety Executive show that the death rate from mesothelioma continues to remain at around 2,500 people each year and the figure is not expected to start to reduce until at least 2020. It is predicted that by 2033 the figure will have dropped to 1,900 per year.
Infrastructure companies are key to a country’s economy. They provide essential services to industries by assisting economic development and connecting people. The importance of their role is recognised by the recently updated FMI Rules which came into force on 4 August 2018.
Transferring the control of a vessel to an artificial intelligence operating system or converting the vessel to operate via remote control gives rise to legal problems that can only be tackled from an international perspective.
Case review 10/08/2018
In New Jersey, disputes involving personal injury protection (“PIP) benefits are handled through arbitration via the Forthright Solutions Forum (“Forthright”).
Alleged mis-selling with a trusts twist – extra risks for banks in providing “one stop shop” services for wealthy individuals?
Wealthy individuals maintain a private banking account, through which they buy high risk investment products on margin. The markets then fall. The assets held in the account fall in value. Margin calls are made by the bank. The wealthy individuals then allege that the bank should not have sold such products to them.
Giving insurance a voice: Brexit ‘nightmare’ for industry unless government breaks political deadlock
We are delighted to introduce this report as part of Kennedys’ ongoing commitment to providing key business insights on Brexit and how it is likely to impact on the UK’s insurance sector.
Back in the autumn of 2014, the Insurance Authority (IA) launched a three month consultation on Risk-Based Capital (RBC) framework for the insurance industry in Hong Kong.
The Office of the Information Commissioner recently released its quarterly report on data breaches notified under the Privacy Act 1988. The report showed that healthcare is Australia’s leading sector for notifiable personal data breaches.
On 8 May 2018, President Trump announced the end of the US’s participation in the Joint Comprehensive Plan of Action commonly known as the Iran nuclear deal, and further announced that the US would be re-imposing sanctions against Iran which had been suspended since 16 January 2016.