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Virginia court follows First Circuit’s Genzyme reasoning, rejects carrier’s bid to recoup $15mm D&O payout
- Edwards Wildman Palmer LLP
- -
- USA
- -
- December 17 2010
Following the reasoning of the First Circuit in its Genzyme decision, a federal court in Virginia has granted summary judgment to an insured whose carrier had sued to recoup a $15 million settlement under a D&O policy
First Circuit remands D&O coverage dispute for allocation
- Edwards Wildman Palmer LLP
- -
- USA
- -
- November 2 2010
Reversing a district court holding to the contrary, the First Circuit has declared that Massachusetts public policy does not prohibit D&O carriers from insuring against damages allegedly incurred by one class of shareholders as a result of an unfair benefit conferred on another class of shareholders
Government announces plans to change institutional framework for the enforcement of competition (antitrust) and consumer protection law
- Edwards Wildman Palmer LLP
- -
- United Kingdom
- -
- October 27 2010
On 14 October 2010 the UK Government announced its intention to change the institutional framework for enforcement of competition (antitrust) and consumer protection law in the UK
ARS derivative suits will need to overcome business judgment rule
- Edwards Wildman Palmer LLP
- -
- USA
- -
- October 12 2010
In the past few months, several derivative suits against mutual fund issuers of auction rate securities (ARS) have hit the courts
UK government's "call for evidence and views" on a European contract law
- Edwards Wildman Palmer LLP
- -
- European Union, United Kingdom
- -
- August 26 2010
On 18 August 2010 the UK Ministry of Justice launched a "Call for Evidence and Views" to inform its response to a European Commission Green Paper on a European contract law
Delaware Bankruptcy Court rules that directors & officers may access eroding policy despite company’s bankruptcy
- Edwards Wildman Palmer LLP
- -
- USA
- -
- July 22 2010
A federal judge has ruled that directors and officers of a company in bankruptcy proceedings may continue to access an eroding liability policy to cover their defense costs
Financial Services Authority and Financial Reporting Council publish discussion paper on auditors' role in prudential regulation
- Edwards Wildman Palmer LLP
- -
- United Kingdom
- -
- July 9 2010
On 30 June 2010, the UK's Financial Services Authority (FSA) and Financial Reporting Council (FRC) published a joint discussion paper (DP) entitled "Enhancing the auditor's contribution to prudential regulation"
Hong Kong and Guangdong sign cooperation agreement
- Edwards Wildman Palmer LLP
- -
- China, Hong Kong
- -
- April 16 2010
The Governor of Guangdong Province, representing the Guangdong Provincial Government, and the Chief Executive of the Hong Kong Special Administrative Region (the SAR) signed a Framework Agreement on Hong KongGuangdong Co-operation (the Framework Agreement) at a signing ceremony in Beijing on 7 April 2010
Speech by Sally Dewar - taking the FSA's corporate governance agenda forward
- Edwards Wildman Palmer LLP
- -
- United Kingdom
- -
- April 6 2010
Sally Dewar, the Financial Services Authority's (FSA) managing director of Risk, gave a speech entitled "Taking the FSA's corporate governance agenda forward" at the City Corporate Governance and Remuneration Summit on 30 March 2010
European Commission publishes a review of the European Company Statute
- Edwards Wildman Palmer LLP
- -
- European Union
- -
- March 31 2010
The European Company Statute (Regulation 21572001, which is directly applicable in EU member states) was adopted on 8 October 2001 and came into force on 8 October 2004
