Tag Archives: UK

How Attitudes and Approaches to Risk Management Differ Between UK Law Firms

Willis Risk Barometer: A Study on How Attitudes And Approaches To Risk Management Differ Between U.K. Law Firms

The risk and compliance function within law firms is one of the most arduous roles within the business. We recently surveyed over 130 partners, COFAs, COLPs, risk directors and other members of risk and compliance teams at UK law firms … Continue reading →

How London’s Boom Is Driving Innovation in Insurance

london-real-estate_645x400

London’s booming residential and commercial property investment market has resulted in overseas investors needing custom-made insurance solutions to help them secure the deals they want – whether that is to resolve specific property-related issues or to supplement their existing policies … Continue reading →

UK Insurance Act Receives Royal Assent

royal assent

The Insurance Act 2015 received royal assent on 12th February 2015. The Act, which I described as the “the most profound shift in UK commercial insurance law ever,”  introduces key changes to the duty of disclosure in commercial insurance contracts … Continue reading →

Not Such Good News For Rogue Directors After All

ace up sleeve

Usually, I report on developments (good, bad or indifferent) for honest directors of companies doing their best to avoid personal liability. Until very recently, it seemed there was good news just round the corner for rogue directors seeking to avoid … Continue reading →

Doing Your Incompetent Best as a Director May Still Be an Effective Defence

blindfolded biz person

For me, there was one memorable phrase to emerge from the celebrated (at least in off shore fund management circles) 2011 Cayman Islands Grand Court case of  Weavering Macro Fixed Income Fund Limited (In Liquidation) v. Stefan Peterson and Hans … Continue reading →

So You Think You are a Non-Executive Director?

two directors

We all think we know the difference between an executive and a non-executive director – right? After all, an executive director has executive powers and functions and usually a contract of employment whereas a non-executive director does not. Continue reading →

The Relationship Between Regulation and Corporate Culture

corporate culture

The Financial Conduct Authority (FCA), formerly the Financial Services Authority, holds an Enforcement Conference every two years. The latest one, last month, was the first one under the new FCA regime. Continue reading →

The SFO Secures its First Bribery Act Convictions: Watershed or Damp Squib?

behind bars

It’s been a long time coming but the SFO have at last succeeded in securing its first convictions under the Bribery Act which came into force over three years ago. Given that the Act, by common consent, contains some of … Continue reading →

Real Estate and the Treasury’s Revised Funding Proposals for Pool Re

London cityscape

Commentators initially thought the UK Government’s revised funding proposals for Pool Re would have a significant effect on the provision of terrorism insurance in the UK, however a review of the detail indicates that there may not be any notable … Continue reading →

Redressing the Balance Between the Insurer and the Insured

balance

In January 2006, the Law Commission and the Scottish Law Commission — both statutory independent bodies created to keep the law under review and to recommend reform where it is needed — began a joint review of insurance contract law. Continue reading →