The Great Fire of London was finally extinguished 350 years ago today. New insurance structures emerged in the aftermath of the Great Fire – which bear striking resemblance to some of ...05 September 2016
UK Government to propose change in law that could increase D&O exposures
The new proposals are expected to be unveiled at the opening of the next session of Parliament and will allow courts to award compensatory payments to victims of companies facing financial collapse as a result of the misconduct of their directors.
At present courts cannot award compensatory payments.
The proposed changes will also allow English courts to consider foreign criminal convictions against directors when deciding whether to disqualify those directors from controlling a locally regulated company.
The proposed legislation is expected to be announced on 4 June, but a draft bill will not be entered into the Commons until the next sitting of Parliament. So, even if the bill is approved, it will not be law for at least another year.
The Insurance Act 2015 (the "Act") comes into force tomorrow. It represents a fundamental departure from existing insurance law. The changes impact on a number of key areas which are...11 August 2016
The Supreme Court published two judgments on how dishonesty affects insurance claims before the end of the most recent Trinity term:10 August 2016