In this article, we discuss three topical issues affecting the insurance industry. REGULATORY REFORM TAKES SHAPE The future shape of insurance regulation in the UK has become clearer following the publication of the latest paper from HM Treasury and a joint paper released by the Financial Services Authority (FSA) and the Bank of England.
Originally, the purpose of a ‘pay when paid’ clause as used in the construction industry was to absolve the contractor from liability to pay the subcontractor until it had been paid by the employer. The effect of such a clause was to allow the contractor to pass the risk of default by the employer to …
Continue reading “‘Pay when paid’ or not? Lessons in commercial contract drafting”
Mid-July saw the chill winds of EU infringement procedures blow across much of Europe. The European Commission took first steps in proceedings against twenty EU member states for their failure to fully implement into their national laws new telecoms rules that amend Directive 2002/58/EC (the 2002 Directive) in relation to the use of technologies that …
Continue reading “Cookies cut? Complying with the UK’s implementation of new EU rules on cookie use”
Public outcry against corruption is a worldwide phenomenon today. Voices of citizens in India demanding a corruption-free state have also soared to extremely high decibel levels. Recent high-value scams have further contributed to the increased public awareness. Newspapers and television channels have been full of reports pertaining to scams of alleged misappropriation and misapplication worth billions …
By the time you read this article, the new Tier 1 Exceptional Talent Route will have been available since 9 August 2011. This article looks at the recently published information from the UK Border Agency (UKBA) concerning this route, that has been created to encourage the best and brightest people in the fields of science, …
On the day that the Bribery Act 2010 (the Act) came into force, Richard Alderman, director of the Serious Fraud Office (SFO), gave an exclusive interview to the Daily Telegraph. In the interview, Mr Alderman set out his hard-line approach and highlighted the SFO’s intention to take a much stronger stance with enforcing the Act …
Continue reading “Bribery Act raises the bar for global compliance programmes”