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Results: 1-10 of 981

FSA lifts short selling ban

  • Edwards Wildman Palmer LLP
  • -
  • United Kingdom
  • -
  • January 16 2009

We reported last week that the FSA was consulting on whether to lift its ban on short selling of stocks in financial companies and certain amendments to the disclosure rules in connection with short positions

Changes to UK trade credit insurance top up scheme

  • Edwards Wildman Palmer LLP
  • -
  • United Kingdom
  • -
  • September 1 2009

In the 2009 Budget, on 22 April 2009, the Chancellor announced the introduction of a Government-backed 'top-up' trade credit insurance scheme aimed at addressing the challenges that UK businesses were facing as a result of the reduction in availability of trade credit insurance (the Scheme

Incoming regulations may increase actuarial costs

  • Edwards Wildman Palmer LLP
  • -
  • United Kingdom
  • -
  • September 2 2009

On 1 September 2009, the General Insurers' Technical Provisions (Appropriate Amount) (Tax) Regulations 2009 (the Regulation) comes into force in the UK

UK High Court dismisses application to set aside order in favour of Monegasque reinsurer enforcing New York Convention arbitration award

  • Edwards Wildman Palmer LLP
  • -
  • United Kingdom
  • -
  • February 27 2008

In Gater Assets Ltd v Nak Naftogaz Ukrainiy 2008 EWHC 237 (Comm), the applicant company, Nak Naftogaz Ukrainiy (NNU), applied to set aside an order permitting Gater Assets Ltd (Gater) to enforce as a judgment a New York Convention arbitration award issued by the International Commercial Arbitration Court of Moscow

Court considers its supervisory powers over arbitration

  • Edwards Wildman Palmer LLP
  • -
  • United Kingdom
  • -
  • January 23 2009

In John Foster Emmott (Emmott) v. Michael Wilson & Partners Limited (MWP) 2009 EWHC 1 (Comm) the Court had to consider two applications brought by Emmott pursuant to the Arbitration Act 1996 (AA): (1) for an order requiring MWP to comply with a peremptory order (an order to do something within a particular time period) made by an arbitration tribunal (section 42 AA); (2) for a freezing order (section 44 AA

FSA issues update on the sale of payment protection insurance (PPI)

  • Edwards Wildman Palmer LLP
  • -
  • United Kingdom
  • -
  • January 22 2009

Tackling poor sales practices in respect of payment protection insurance is a continuing priority for the FSA, as is evident from its ongoing work and the regulatory action taken against 20 PPI providers in 2008

FSA Chairman outlines future of financial regulation

  • Edwards Wildman Palmer LLP
  • -
  • United Kingdom
  • -
  • January 28 2009

The Chairman of the FSA, Lord Adair Turner, gave a speech on 21 January 2009 setting out his views of the causes of the current financial crisis and outlining the future of financial regulation

Solvency II Directive adopted; UK Financial Services Authority publishes Solvency II feedback

  • Edwards Wildman Palmer LLP
  • -
  • European Union, United Kingdom
  • -
  • May 11 2009

We recently reported that the Solvency II directive had been approved by the European Parliament

City lawyer sues governors of Jesuit school for £5m alleging sexual abuse

  • Edwards Wildman Palmer LLP
  • -
  • United Kingdom
  • -
  • May 8 2009

City lawyer, Patrick Raggett, has been allowed to proceed with his claim against the governors of a Jesuit run school he attended

The English High Court has ruled on the proper construction of a condition dealing with increase of risk

  • Edwards Wildman Palmer LLP
  • -
  • United Kingdom
  • -
  • March 7 2008

The issue in Qayyum Ansari v New India Assurance Limited 2008 EWHC 243 was whether, when a sprinkler system had been turned off prior to a fire, there had been a material change in cover in the facts stated in a proposal form so as to bring into effect a termination of cover

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