CRE Legal Regulation
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Norsk Hydro sued in the Netherlands over contamination in Brazil
Norwegian energy company Norsk Hydro is being sued in the Netherlands over allegations that its aluminium plant in Brazil polluted…
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UK regulator fines Ghana International Bank £5.8m for poor AML controls
The UK’s Financial Conduct Authority (FCA) has fined Ghana International Bank (GIB) £5.8m for failing financial crime controls. The FCA…
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Glencore Energy convicted in UK for oil bribery payments
Mining firm Glencore Energy UK has been convicted on seven counts of bribery at a London court, for paying $28m…
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EthiXbase launches supply chain compliance checks to help firms meet Germany’s new human rights law
With six months left to comply with Germany’s new human rights legislation, UK businesses with operations in the country can…
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European insurers call on EU to develop rules on third-party litigation funding
A group of leading European business associations – including Insurance Europe – have issued a joint statement that calls for…
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UK government warned of ‘complacency’ over post-Brexit financial sector and ‘reluctance’ to rebuild EU relationship
The UK government has been warned against “complacency” over the future of the UK’s financial sector since Brexit and its…
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German diesel manipulation legal protection claims exceed €1.4bn and still rising
The cost of disputes in Germany over the so-called ‘Dieselgate’ scandal continues to rise and it now represents the costliest…
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Eiopa promises to give volatility facing Europe’s insurers its ‘full attention’
The European Insurance and Occupational Pensions Authority (Eiopa) says the combined impact of Covid-19, supply chain bottlenecks, Russia’s invasion of…
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UK employment tribunal sets new precedent with long-Covid disability ruling
An employment tribunal in the UK has ruled for the first time that long Covid is a disability, under the…
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DAC Beachcroft and Germany’s BLD deepen partnership on multinational risks
London-based international law firm DAC Beachcroft (DACB) has signed a cooperation agreement to expand its relationship with existing Legalign Global…
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Eiopa demands improved communication and clarity on wordings and exclusions
The European Insurance and Occupational Pensions Authority (Eiopa) has published two consultation papers that seek to address confusion and uncertainty…
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FCA fines JLT Specialty £7.8m for Colombian bribery scandal
UK regulator the Financial Conduct Authority (FCA) has fined JLT Specialty £7.8m for failing to control financial crime that resulted…
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Ferma makes breakthrough on captive treatment under Solvency II
The French presidency of the Council of the EU and the European Parliament’s rapporteur driving revisions to Solvency II have…
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CJEU backs Spain in €1bn Prestige oil spill claim against London P&I Club
The Court of Justice of the European Union (CJEU) has ruled that arbitration proceedings brought in the UK by The…
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Human rights group says EU due diligence directive needs sharper teeth
FIDH, a Paris-based worldwide NGO federation representing 192 organisations from 117 countries, has called on the EC to seriously bolster…
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Greece sues Novartis for €200m after years of bribery probes
The Greek government is seeking more than €200m in damages from Swiss-US pharmaceutical firm Novartis for “illegal” bribery practices. This…
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McDonald’s settles French tax probe for €1.25bn
A Paris court has approved a €1.25bn settlement for tax evasion between fast-food chain McDonald’s and France’s financial prosecutor’s office.…
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UK regulator slams London market brokers over ‘poor culture’ and ‘poor value’ for buyers
The UK’s Financial Conduct Authority (FCA) has told Lloyd’s and London market brokers and managing general agents (MGAs) they are…
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UK pub chain begins £1bn Covid-19 BI litigation against three insurers
UK hospitality group Stonegate began its £1bn legal action yesterday against three insurers over business interruption (BI) caused by Covid-19…
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Claims expert warns EU risk managers to prepare for more consumer lawsuits
The EU Class Actions Directive will soon be implemented across Europe and will inevitably lead to more consumer lawsuits and…
