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Cryptocurrency, cybersecurity, and corporate fraud securities class actions filed against China-based issuers at an alarming rate
Chinese corporations continue to look to public markets in the United States as a capital source. With increased listings comes an increase in shareholder litigation. An examination of the types of shareholder lawsuits that target these companies, and subsequent settlements are important considerations for claims professionals and underwriters as they evaluate some of the unique risks that these issuers listed in the United States face. Additionally, as the rules and regulations surrounding all issuers are constantly evolving, underwriters may wish to consider Securities and Exchange Commission (“SEC”) guidance issued regarding disclosure considerations for these issuers that list on U.S. Exchanges.
Case review 03-12-2021
This recent decision emphasises the importance of careful drafting by insurers of the questions posed to potential insureds at policy placement – the answers being crucial to the duty of fair presentation, misrepresentation and/or an insured’s obligation to disclose material facts.
In the latest episode of Insurance Post TV, experts across the insurance sector preview the COP26 climate summit in Glasgow, which took place from 31 October until the middle of November.
Impacts of the Spanish Climate Change and Energy Transition Act and EU Taxonomy on financial institutes and their insurers
The Climate Change and Energy Transition Act came into force in May 2021. Assuming the objectives of the EU Green Deal and the Paris Agreement global framework, the new Act provides ambitious regulations to reduce greenhouse gas emissions, promoting transition to renewable energies and energy efficiency models to be implemented in a wide scope of sectors such as energy, transport and financial.
Climate change presents numerous business risks and associated environmental liabilities. A significant number of businesses made transition declarations at the recent COP26. This will only increase the growing pressure on businesses to adapt their business models as part of climate transition plans. Assessing the impacts on businesses in the shape of financial, legal, and reputational risks places climate change at the top of the global board room agenda.
We are delighted to announce the appointment of insurance and commercial litigation specialist Alexandra Bartlett as a partner in the firm’s Insurance group in Sydney. Alex joins Kennedys from YPOL, where she was a director.
We are pleased to have boosted our Israel office with the appointment of Ilana Bar, one of the country’s most respected corporate insurance and institutional entities lawyers.
Case review 18-10-2021
This High Court decision provides guidance to parties wishing to make an application for pre-action disclosure. Deputy Master Brightwell was clear that a request for documentation needs to be clear and focused.
Case review 14-10-2021
In a judgment handed down on 9 August 2021, the Privy Council further refined the principle of “reflective loss” following the landmark Supreme Court decision in Sevilleja v Marex Finance .
Following the publication of The Legal 500 UK 2022, we are proud to announce that the firm has once again achieved impressive rankings and recognition within the latest guide to leading law firms and lawyers.