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Case review 20/02/2020
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.
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?
The way in which people and goods travel is changing rapidly. As a new era of transport continues to unfold, Kennedys is here to keep you up to date on the latest developments and what they mean for you and your business.
On 29 January 2020, Lloyd’s published Market Bulletin Y5277 containing an update in respect of its approach to non-affirmative cyber risk. Lloyd’s strategy for the oversight of cyber risks will ultimately require all policies to exclude or provide affirmative coverage for cyber risks.
Kennedys backs combination of criminal and regulatory regimes to help build confidence in driverless public transport
We have recommended that new criminal offences dealing with cyber-attacks on buses, taxis and other forms of public transport will be needed as the technology emerges, in our response to a Law Commission consultation. We have also said operators of driverless public transport should take personal responsibility for their safety as part of the protections needed to build consumer confidence in the concept.
Ransomware is one of the top threats for manufacturers in 2020. There have been an increasing number of targeted and paralysing attacks against European-based global producers, as evidenced by Picanol’s announcement last week.
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).
As innovation and new technologies are rapidly transforming the way we live, it is imperative that businesses in all industries remain alive to the risks arising from these advancements.
In the summer of 2018, California passed the California Consumer Privacy Act (the CCPA), a landmark piece of legislation that represents the most comprehensive consumer data privacy law enacted in the United States to date.
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.