CRE Legal Regulation
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June 27, 2022
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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June 27, 2022
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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June 24, 2022
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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June 24, 2022
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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June 23, 2022
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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June 23, 2022
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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June 23, 2022
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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June 23, 2022
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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June 23, 2022
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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June 23, 2022
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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June 22, 2022
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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June 22, 2022
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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June 22, 2022
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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June 21, 2022
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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June 21, 2022
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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June 20, 2022
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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June 17, 2022
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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June 15, 2022
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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June 14, 2022
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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June 14, 2022
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…