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Results: 1-10 of 31

Hong Kong: Contracts (Rights of Third Parties) Bill

  • Mayer Brown LLP
  • -
  • Hong Kong
  • -
  • June 4 2013

The Hong Kong government commenced a public consultation on a Contracts (Rights of Third Parties) Bill ("Bill"). The Bill seeks to reform the common

Fraud exception in incontestability clause of life insurance policy upheld

  • Mayer Brown LLP
  • -
  • Hong Kong
  • -
  • July 4 2012

The Court of First Instance held in Ma Kim Ying v Manulife (International) Limited (HCA 19892008) that the incontestability clause was not applicable because of fraudulent misrepresentations by the life insured in the proposal form

Global corporate insurance & regulatory bulletin - first quarter 2014

  • Mayer Brown LLP
  • -
  • China, European Union, Hong Kong, Singapore, United Kingdom, USA, Vietnam
  • -
  • April 29 2014

As reported in our prior bulletins, on 18 July 2013 the International Association of Insurance Supervisors (“IAIS”) published a methodology for

Launch of risk-based capital model

  • Mayer Brown LLP
  • -
  • Hong Kong
  • -
  • May 9 2013

Hong Kong has started a study of an appropriate risk-based capital ("RBC") model and is looking to implement it in 2016 at the earliest. The

Levels of compensation under the employees’ compensation ordinance in Hong Kong increased following review

  • Mayer Brown JSM
  • -
  • Hong Kong
  • -
  • February 4 2015

All EC insurers and employers are advised to take note that a resolution has been passed by the Legislative Council on 4 February 2015 to increase the

Third party rights against insurers and the Bridgecorp decision do Hong Kong insurers need to be concerned?

  • Mayer Brown JSM
  • -
  • Hong Kong, United Kingdom
  • -
  • March 7 2014

The Third Party (Rights Against Insurers) Ordinance Cap 273 (TPRAI) in Hong Kong allows third parties to claim against the wrongdoer's liability

Levels of compensation under the ECO slightly increased

  • Mayer Brown LLP
  • -
  • Hong Kong
  • -
  • July 5 2010

All EC insurers and employers are advised to take note that the Legislative Council passed a resolution on 30 June 2010 to increase the amounts of five compensation items payable under the Employees' Compensation Ordinance Cap

The end of self-regulation? Proposals to establish an independent insurance authority

  • Mayer Brown LLP
  • -
  • Hong Kong
  • -
  • July 14 2010

The Financial Services and the Treasury Bureau is proposing the establishment of an independent insurance authority to strengthen regulation of the industry

Clear-cut tests preferred in the interpretation of policy terms - New World Harbourview Hotel Company Limited & ors v. Ace Insurance Limited & ors

  • Mayer Brown LLP
  • -
  • Hong Kong
  • -
  • May 11 2010

In a recent decision, the Court was invited to give directions on a number of issues in dispute between the insureds and their insurers, with respect to the interpretation of terms concerning business interruption losses under two Composite Mercantile Policies

Lessons from the CJR - sanctioned offer in practice

  • Mayer Brown LLP
  • -
  • Hong Kong
  • -
  • May 14 2010

The recent decision in Fung Wing Yee (a minor) v. Chen Jung Chien demonstrates how the Court applies the new rules on sanctioned offer and awards enhanced costs and interests to the Plaintiff, who had done better at trial than her sanctioned offer to the Defendant