CRE Legal Regulation
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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…
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June 13, 2022
EC believes Austrian and Czech rail firms colluded to cut out competition
Austrian rail operator Österreichische Bundesbahnen (ÖBB) and its Czech counterpart České dráhy (ČD) have breached EU competition rules by colluding…
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June 13, 2022
State guarantees likely to provide enough cover to keep Russian ships sailing, say Reuters sources
State-owned Russian National Reinsurance Co (RNRC) is now backing the bulk of insurance cover for Russian ships through state guarantees,…
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June 9, 2022
Russia says state guarantees could bypass EU’s ban on insuring oil exports
Russia thinks it can bypass the EU’s ban on insuring ships carrying Russian oil to third parties by using state…
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June 8, 2022
UK buyers need to review terrorism liability limits ahead of new Protect Duty
UK companies may need to purchase higher terrorism liability limits following the proposed Protect Duty legislation that is set to…
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June 8, 2022
UK data protection overhaul runs risk of more red tape
Proposed reform of the UK’s data protection laws could create more, not less, red tape for UK companies and complicate…
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June 8, 2022
EU listed firms set target of 40% female non-execs after ten-year deadlock
Listed European companies will have to meet new gender-balance targets after political agreement on proposals put forward by the EC…
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June 7, 2022
Dutch supervisor calls for ESG ratings regulation
The Dutch financial regulator has said Europe should regulate providers of ESG ratings, adding that ratings agencies should be more…
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June 7, 2022
Law firms and supply chains carry increased risk of cyberattack, says SecurityHQ
Law firms carry an “elevated risk” of cyber threats, according to managed service security provider SecurityHQ, after a recent industry…
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June 6, 2022
Ferma calls for EU cyber pool to help combat market inefficiency
Ferma has called on the EC to explore creating a European cyber pool and voiced concerns over the level of…
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June 6, 2022
UK backs EU insurance ban on Russian oil exports: reports
The UK is reported to have reached an agreement with the EU to ban insurance for ships carrying Russian oil.…
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June 1, 2022
Supply chain woes continue for Europe’s manufacturers as Sedgwick reports 155% surge in motor recalls
Supply chain woes and shortages of semiconductor chips will continue to plague Europe’s automotive manufacturing for much of this year,…
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June 1, 2022
Von der Leyen maps out Europe’s risk management strategy for energy, defence and food
The European Union has stepped up its efforts to secure resilience in the face of Russia’s invasion of the Ukraine…
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June 1, 2022
Deutsche Bank asset manager DWS raided for greenwashing
German prosecutors raided Deutsche Bank’s majority-controlled asset manager DWS and the bank's own headquarters this week, because of allegations that…