India’s Insurance Regulatory and Development Authority takes a giant leap to rein in cross-border reinsurers | Amarchand Mangaldas

Legal Briefing

For a professional who has been advising primarily on insurance law for more than a decade, some things never change. For example, the foreign direct investment (FDI) policy on insurance, which continues to prescribe a cap of 26%, despite almost every other sector having higher FDI limits. In the wake of this seemingly nonchalant and …

The future regulatory landscape: the City gives its verdict | Eversheds Sutherland

Legal Briefing

International law firm Eversheds LLP recently gathered together senior City executives and canvassed their views concerning the City’s regulatory framework. The results clearly demonstrate that, while the City is broadly in favour of compulsory regulation, the generally held view was that the current uncertain regulatory landscape – particularly around international regulation – is creating a …

Changes to the contaminated 
land regime | Burges Salmon

Legal Briefing

The ‘contaminated land regime’ contained within Part IIA of the Environmental Protection Act 1990 (Part IIA) will be familiar to many in-house lawyers within business sectors such as manufacturing, minerals, land development, property, waste management, chemicals, petrochemicals and pharmaceuticals, and myriad other businesses whose operations may have impacted the quality of land in the UK. …

Rough justice: Court of Appeal rules on measure of damages for negligent misrepresentation | Edwards Wildman Palmer UK LLP

Legal Briefing

In County Leasing Asset Management Ltd & anor v Michael Green Plant Ltd & ors [2012] the Court of Appeal considered an appeal from Hampton J in the Northampton County Court on the correct measure of damages for a claim in negligent misrepresentation. The case presents an opportunity to revisit the rules on this area …

Out of control | Macfarlanes

Legal Briefing

A party’s obligation to disclose documents in a dispute is limited to documents which are, or have been, in its control (CPR 31.8). In North Shore Ventures Ltd v Anstead Holdings Inc [2012], the Court of Appeal considered the meaning of the word ‘control’ in the context of CPR 71.2, which provides that the court …

Administration sales and TUPE: normal service resumed | Druces LLP

Legal Briefing

For many years, the accepted way 
to rescue the business of a company 
and thereby preserve employment, 
while paying the maximum return to creditors, has been administration 
followed by the sale of the business 
and assets to a purchaser (usually by a 
‘pre-pack’ these days). The automatic transfer of the employees to the 
purchaser under …