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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.
On 7 June 2021, US Authorities led by the Justice Department announced the recovery of USD 2.3 million of the USD 4.4 million ransom paid in Bitcoin to the hackers who caused the shutdown of the Colonial Oil Pipeline in May 2021.
Tik Tok: In 60 Seconds, 4 takeaways from the Colonial Pipeline Cyberattack that every company should know
On June 8, 2021, the CEO of the Colonial Pipeline Company, Joseph Blount, testified before the Senate Homeland Security and Governmental Affairs Committee about the ransomware cyberattack suffered by his company last month at the hands of the hacker group, the Dark Side. The attack caused the company to shut down its pipeline, which delivers approximately 45% of the East Coast's fuel supply.
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.
The Court’s decision likely will have significant impact on coverage for BIPA litigation. Additionally, the Court’s reasoning in its decision may even influence other privacy coverage matters.
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.
On 19 March 2021 the government published its Briefing Paper on its Freeports Policy following the announcement that eight successful freeport location bidders in England had been chosen to progress to the next stage of the process. This article develops some of the issues raised in our September 2020 thought piece “Does UK’s freeports plan offer a post-Brexit trade solution?” and considers some of the issues and continuing uncertainties surrounding the anticipated governance of the successful freeports.
New breed of SPAC-related litigation? Breach of fiduciary duty lawsuits following de-SPAC transactions
SPACs are “blank check” companies that use money raised in an initial public offering to buy a company that won’t have to go through the IPO process itself. SPACs have exploded in popularity: there have been over 300 SPAC IPOs so far this year, with proceeds totaling over $99 billion.