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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.
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.
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.
We have strengthened our commercial lines insurance capabilities with the appointment of a team to our Manchester office led by Nick Bond, who joins as Partner, and Robert Steele as Consultant.
The Insurance Amendment Act 2018 has been passed in both the House of Assembly and the Senate and now awaits royal assent from the Governor. The Act will introduce a new “waterfall” of priorities in a winding up of an insurer, being the order in which creditors are paid from the assets of an insolvent company.
This update includes a round-up of recent court decisions raising issues relating to design responsibility, damages for wrongful termination, oral variations to contracts and the employment status of independent contractors.
Case review 16/07/2018
Following a lengthy 21-day hearing, the NSW Supreme Court has dismissed proceedings brought against former directors, officers and employees of Forge Group Limited by its surety providers.
Case review 10/07/2018
Court of Final Appeal decision marks a watershed moment for equality for same-sex couples in Hong Kong
The Court of Final Appeal (the “CFA”) handed down its decision on Wednesday 4 July 2018 in QT and the Director of Immigration FACV1/2018, ending proceedings which lasted over three years and forcing the Director of Immigration (the “Director”) to change its policy in respect of the granting of dependent visas in Hong Kong (the “Policy”).
We are excited to confirm that we are the official gold level global partner for this year’s Inclusion@Lloyd’s Dive In Festival.
Malicious prosecution - New weapon against unmeritorious litigants in civil proceedings in Hong Kong?
The number of court hearings involving litigants in person are on the rise and this presents a challenge to the courts and also those who are on the opposite side of a litigant in person.