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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.
New competence- and training requirements for insurers, employees in insurance companies and insurance brokers are coming into force.
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.
Kennedys has boosted its newly relocated office in Manchester with the hire of regulatory partner, Nathan Buckley, from Clyde & Co. Nathan specialises in regulatory defence work, particularly corporate manslaughter/gross negligence manslaughter, health and safety, environment and motor crime investigations and prosecutions, together with inquests across all industries.
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.