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Locke Lord LLP | United Kingdom | 30 Jul 2009

Court of Appeal considers parallel proceedings and non-exclusive jurisdiction clauses

In Highland Crusader Offshore Partners v Deutsche Bank AG (2009 EWCA Civ 725) the Court of Appeal considered the operation of a non-exclusive jurisdiction clause, whereby the parties submitted to English jurisdiction (but were not permitted from proceeding in another country of competent jurisdiction), against the background of proceedings in Texas and London.

Article

Locke Lord LLP | USA | 29 Jul 2009

D.C. Circuit remands Rule 151A to the SEC

This updates our January 28, 2009 posting.

Article

Locke Lord LLP | USA | 24 Jul 2009

The Florida Office of Insurance Regulation enters cooperation agreement with the United Kingdom’s financial regulator

On Tuesday, July 21, 2009, the head of the Florida Office of Insurance Regulation ("FLOIR"), Commissioner Kevin McCarty, announced the signing of a memorandum of understanding ("MoU") with the United Kingdom Financial Services Authority ("FSA"), the United Kingdom’s regulator responsible for regulatory oversight of the insurance, banking and securities markets.

Article

Locke Lord LLP | Panama, Peru, Venezuela, etc. | 24 Jul 2009

Expansion into emerging markets a priority for insurance companies despite economic crisis; Grupo Mundial lays out plans for Costa Rica; Chilean insurer expands into Peru; premium growth in Guatemala and Venezuela

According to a recent Accenture study, cross-border expansion into emerging markets is a major short-term priority for insurance companies based in both developed and developing nations.

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