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Article 11/05/2018
Consultation on draft guideline on Enterprise Risk Management
On 8 May 2018 the Insurance Authority (IA) released a Draft Guideline on Enterprise Risk Management (Draft ERM Guideline) for consultation as part of the development of Hong Kong’s new Risk-based Capital Regime (RBC).
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Article 15/03/2018
Wildfire update
This month at Lloyd’s of London, Kennedys’ solicitors Neelam Buck and Emily Clift spoke to the market about wildfire risks, as part of a series on Emerging Risks provided in partnership with the under-35s claims group for Lloyd’s managing agents claims adjusters and Lloyd’s claims brokers (LMA LIIBA U35s).
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News 01/09/2017
Kennedys and berg complete merger
We are pleased to announce that we have completed our merger with one of Manchester’s most respected law firms, augmenting our global commercial litigation practice.
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Article 22/06/2017
Qatar restrictions and the potential implications for the insurance/reinsurance industry
A number of countries including Bahrain, Egypt, Saudi Arabia and the United Arab Emirates (the G4) severed diplomatic ties with Qatar and introduced unprecedented restrictions.
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News 15/05/2017
Kennedys boosts personal injury practice with 24-strong casualty team from Hill Dickinson
We are pleased to confirm the appointment of a 24-strong team from Hill Dickinson which strengthens our Sheffield office and national personal injury practice.
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Article 05/05/2017
Automatic Exchange of Financial Account Information Update - Hong Kong lives up to its CRS promise
The G20 is fast losing patience with jurisdictions that are dragging their heels on implementing the agreed international standards on tax transparency.
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Article 20/04/2017
Lift-Off - An Independent Insurance Authority for Hong Kong
The Hong Kong independent Insurance Authority (“IA”) will replace the Office of the Commissioner of Insurance (“OCI”) on 26 June 2017 (“D-day”) when it will take over the statutory functions of OCI.
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Article 17/11/2016
Sanctions Update: Trump Presidency: What Will Happen To U.S. Sanctions?
The United States currently has in place economic and trade sanctions applicable to various foreign countries and regimes, and other persons considered threats to U.S. national and economic security.
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Article 12/10/2016
Sanctions Update: Remaining U.S Sanctions On Myanmar Lifted
On October 7, the United States of America formally ended its Myanmar sanctions program, through President Obama signing an Executive Order.
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Article 05/10/2016
The DFSA and the UAE Insurance Authority combine forces to take action against non-compliant players
The recently publicised enforcement action taken by the Dubai Financial Services Authority (DFSA) with the assistance of the UAE Insurance Authority (IA) against Clements (Dubai) Limited (CDL), a Dubai International Financial Centre (DIFC) entity, demonstrates the extent of collaboration between the two regulators in the UAE.