Italy’s highest court, the Corte di Cassazione (Cassazione) has published a decision concerning claims-made clauses. In this summary, we report on this recent decision and its impact on future rulings by Italian courts dealing with claims-made clauses in insurance contracts.
October 01, 2018
The financial services industry constitutes around 7 per cent of UK GDP, directly employs 1.1 million people (two thirds of them outside London) and contributes a significant proportion of tax revenue to the UK.
September 19, 2018
This summer the media reported that the European market for non-performing loans (NPLs) was becoming more active, with Italy and Spain accounting for most of the deals.
August 31, 2018
On August 23, 2018, the Secretary of State for Exiting the EU, Dominic Raab MP, gave a speech on planning for a no deal Brexit.
August 24, 2018
On June 13, the Quebec National Assembly passed Bill 141, An Act mainly to improve the regulation of the financial sector, the protection of deposits of money and the operation of financial institutions (the Act).
August 01, 2018
In 1994, the NSW Government introduced the Farm Debt Mediation Act 1994 (NSW) (the Act). The object of the legislation is to provide for the efficient and equitable resolution of farm debt disputes. Mediation is
July 27, 2018
On 11 December 2017, then Attorney-General of Australia, Senator the Honourable George Brandis QC, asked the Australian Law Reform Commission (ALRC) to consider whether and to what extent class action proceedings and third party litigation funders should be subject to Commonwealth regulation.
July 18, 2018
In the past two months, the China Banking and Insurance Regulatory Commission (CBIRC) has continuously issued regulations to further liberalise the restrictions in the financial services industry and to implement CBIRC’s financial reform roadmap as set out in the Measures on Facilitating the Further Opening-up of Banking and Insurance Sectors issued on 27 April 2018.
July 09, 2018
Increasing demands for shell companies for backdoor listings have led to an increase in the value of the listing status.
July 06, 2018
ASIC has today published the findings of its independent expert’s review of the fees and costs disclosure regime. The expert’s report is here.
July 05, 2018