Tag Archives: UK

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 →

Misuse Confidential Information and Risk a Significant Payment

stealing secrets

A recent decision of the English High Court found Barclays Bank liable to pay damages of €10 million to CF Partners for breaching an equitable duty of confidence. The Court held that the bank had misused confidential information, supplied by … Continue reading →

More Regulations: Just When You Thought It Was Safe to Come Out…

open_book

The UK’s Financial Reporting Council (FRC) has recently published an updated version of the Combined Code on Corporate Governance in the UK. It will apply to companies with reporting periods commencing on or after 1st October 2014. Continue reading →

What Happens When Pre-Action Protocol is Not Followed

Gavel645px

This High Court decision from the case of Sainsbury’s Supermarkets Limited v Condek Holdings & Others by The Honourable Mr Justice Stuart-Smith provides a useful insight and a timely reminder into what happens when the pre-action protocol is not followed. Continue reading →

Shake-up of UK Healthcare Charges Could Catch Expats and Their Employers Unawares

medical tourism

Medical tourism to the United Kingdom has been a controversial topic for many years, and according to an official report from the National Institute for Health Research, visitors and short-term migrants cost the National Health Service (NHS) £2billion a year. … Continue reading →

Corporate Manslaughter Has Not Gone Away

pall bearer

A £40,000 fine might not sound much to one of the largest container shipping companies in the world, operating in 58 companies. But in this case it is perhaps the very size of the company concerned and the nature of … Continue reading →