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Hunton Andrews Kurth LLP | USA | 1 May 2017
New York Trial Court’s TKO Of Bear Stearns’ Insurers After Lengthy Coverage War
Bear Stearns’ insurers were recently dealt a fatal blow, when the trial court granted Bear Stearns’ motion for summary judgment and denied all…
Dechert LLP | Global, USA | 23 Feb 2017
Financial Stability Board Targets Fund Finance
In marked contrast to the emerging U.S. deregulatory climate, the G-20's Financial Stability Board (FSB) has issued Policy Recommendations for the…
Kingsley Napley | United Kingdom | 16 Aug 2016
Gold medals for taking tax advice?
…well, not exactly. But, if you can demonstrate that you have taken “reasonable care” in completing your tax return, you could obtain (arguably) the…
Orrick, Herrington & Sutcliffe LLP | USA | 8 Aug 2016
Insurer Denies Coverage for Regulatory Investigations at Its Own Risk and Gives Up Right to Consent to Settlement
A New York trial court recently recognized that insurers may not deny coverage for a claim, and then, if the denial was improper, object to a…
Manatt Phelps & Phillips LLP | USA | 29 Jan 2015
More important rulings from J.P. Morgan's New York coverage litigation
A New York Appellate Court unanimously held that a group of insurers could not invoke a Dishonest Acts Exclusion in a professional liability policy…
Locke Lord LLP | USA | 23 Jan 2015
New York appeals court: Dishonest Acts exclusion does not preclude coverage for SEC-ordered payment
Last week, the Appellate Division (First Department) of the New York State Supreme Court issued its latest ruling in the matter of JP Morgan…
Allen Matkins Leck Gamble Mallory & Natsis LLP | USA | 15 May 2014
Legitimate interests provide no immunity for intentional interference claims
In law school we study contract law and we study torts. We don't study contracts and torts as a single subject (e.g., "contorts"). Why? Because they…
Ogier | Australia | 14 Apr 2014
Victory for BVI liquidators in Aussie courts
In a recent Federal Court case in Australia (Global Tradewaves Ltd ("GTL") [2013] FCA 1127), liquidators appointed by the British Virgin Islands…
Proskauer Rose LLP | USA | 25 Mar 2014
“Public policy” arguments for denying coverage limited by New York’s highest court
It is an unwelcome experience for any policyholder to receive a claim denial letter in which the insurer contends that the language of the policy…
Dorsey & Whitney LLP | China, USA | 12 Mar 2014
Shedding light on China’s massive shadow banking market - landmark corporate bond default - part 1
The debt level of the PRC is rising. It is estimated that the PRC's corporate debt could hit US$13.8 trillion in 2014, surpassing that of the United…
