This financial institutions e-briefing from Eversheds looks at the current overhaul going on in the professional indemnity insurance market, as well as the resultant trends that are starting to emerge and their consequences. It also gives a brief look at case law updates. If you are registered and logged in to the site, click on […]
Conyers Dill & Pearman has provided Bermuda legal advice to Avila Capital Markets Group in its application on behalf of ACM Bermuda for approval for a licence under section 16 of the Investment Business Act 2006 of Bermuda to carry on investment business from Bermuda. ACM Bermuda is a newly incorporated Bermuda-exempted company. Kathleen Moniz […]
DLA Piper has advised E.ON Connecting Energies (ECT) on its acquisition of Matrix, which provides energy management and energy efficiency services for commercial buildings. The transaction, which was exchanged on 6 September 2013 and was subject to Austrian merger clearance, completed on 4 October 2013. The agreement covers the purchase of 100 per cent of the […]
DLA Piper has been named Most Innovative Law Firm in Client Service at the Financial Times’ Innovative Lawyers 2013 Awards for its WIN (What In-house lawyers Need) programme. WIN is an in-house lawyer network that gives clients training on the law and their careers through a series of events, tools and forums addressing the technical, […]
Following its May consultation on the Alternative Investment Fund Managers Directive (AIFMD) reporting guidelines on 1 October, ESMA published its final report on the same containing the procedure on reporting obligations under articles 3(3)(d) and 24(1), (2) and (4) of AIFMD. Under AIFMD, alternative investment fund managers (AIFMs) are broadly required to report to their […]
In May 2013, the Financial Conduct Authority (FCA) consulted on guidance about dealing fairly with interest-only mortgage customers who risk being unable to repay their loan. The FCA has now considered the responses and on 29 August 2013 published finalised guidance (FG13/7), along with a summary of the feedback received. The review of lenders’ strategies, […]
On 4 September 2013, Ofcom published a consultation on ‘TV white spaces’ (these being unused frequencies in the UHF TV band that could be used to transmit and receive wireless signals for applications such as broadband access in rural communities). The consultation sets out Ofcom’s proposals for calculating TV white space availability in the UK […]
On 1 October 2013 in De Rose v State of South Australia [2013] FCA 988, the federal court made the first determination of compensation for the extinguishment of native title, in connection with a settlement reached between the claimants and the State of South Australia over an area in the far north west of South Australia. While […]
By Evan M Migdail and Steven R Phillips The federal government shutdown, now in its fourth day, appears likely to continue a while longer as the list of issues under discussion between the president and congressional leaders, and within the Congress, becomes longer and more complex. Congress faced two major fiscal deadlines as October approached: the […]
By Diana L Erbsen, Alan Winston Granwell, Michael J Legamaro, Ellis L Reemer and Catherine B Engell In recent years, the US Department of Justice (DoJ) has been aggressively investigating the use of bank accounts outside the US to evade tax. While emphasising that its enforcement activities are and must remain global, the DoJ has taken public actions relating to […]
The government has recently announced a new £6m grant funding programme that has been launched to help local authorities in England and Wales to develop new heating and cooling networks and expand existing networks. In order to be in with a chance of winning a share of the funding, local authorities will have to submit […]
Turkey had plenty of attention over the summer, and sadly not just for its sun, sea and suspiciously strong raki. Protests that initially kicked off to demonstrate against development plans in Istanbul quickly blossomed into fully-fledged pro-democracy rallies. The events must have ruffled the feathers of some of the law firms who have pitched up […]