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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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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Bayer loses Roundup appeal as US Supreme Court backs $25m damages award
German pharmaceutical firm Bayer has lost its appeal to dismiss Roundup cancer claims before the US Supreme Court, which upheld…
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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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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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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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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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Ericsson faces SEC investigation in US over 2019 Iraq bribery report
Swedish telco Ericsson is set to face further regulatory scrutiny over bribery allegations, following an announcement from the US Securities…
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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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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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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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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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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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Netherlands health insurance system under legal and financial pressure
The Netherlands’ universal healthcare policy may have withstood a recent legal challenge over the mandatory requirement to purchase a basic…
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Vermont allows captives to issue parametric coverage
Vermont will allow captives domiciled in the state to cover and buy parametric risk transfer products, which pay claims based…
