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The post-Brexit landscape demands consideration in a number of business critical areas. In our latest report, we examine the outstanding issues around the mutual recognition of regulations, and the impact to UK insurers.
Insurers and intermediaries: UK legal and regulatory certainties for 2021 - Part 3: Preparing for the inevitable – operational resilience
Anyone working in financial services will know something of the dramatic impact that IT and communications systems failures can have on their work. The inexorable rise in cyber attacks, set against the total reliance on these systems for staff working from home in recent times has brought these issues even more sharply into focus.
A summary of ESG developments, including two perspectives of the impacts of Milieudefensie et al v Royal Dutch Shell plc [26.05.21] on financial institutions and insurers – one from the UK and one from the USA; the latest update on sustainability reporting; and the Department for Business, Energy and Industrial Strategy proposals to strengthen the UK’s framework for corporate governance.
In this briefing, we consider the latest significant court decisions impacting claims arising from professional liability and financial lines policies and products. Issues covered include: limitation and accrual of action, strike out applications, avoidance and non-disclosure (of material facts), SIPP advice from unregulated introducers and fraudulent and wrongful trading of directors.
Kennedys has continued its growth in the Middle East with the opening of a new office in Muscat, in the Sultanate of Oman. This office opening is in response to client demand for a presence in Oman, and sees Kennedys become the only international insurance-focused law firm in the country.
Ambitious proposals contained in a recent tripartite paper by the Department of Justice, the Office of the Lord Chief Justice, and the Northern Ireland Courts and Tribunal Service, have revealed plans for significant investment in the Northern Ireland justice system.
The recent decision by a Dutch court against Shell (Milieudefensie et al. v Royal Dutch Shell plc) has expanded climate litigation into the protection of fundamental rights and the imposition of positive duties on companies in respect of their future actions.
As of May 26, 2021, the estimated market capitalization of the cryptocurrency market exceeded USD 1.7 trillion despite recent market fluctuations. There is growing interest by a wide range of publicly traded companies in incorporating crypto into their business models given the ongoing market development.
The global challenge to transition to a carbon neutral economy increasingly dictates that climate conservation becomes an integral part of decision making in the private and public sector. The Climate Change Act (2050 Target Amendment) Order 2019 has legislated the UK target to reduce greenhouse gas emissions by 100% by 2050.
Kennedys has promoted ten lawyers to its partnership. Four of those promoted are based in the UK, with six in the US. Kennedys’ worldwide partner count is now 280.