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DLA Piper

Living Wage
160 ALDERSGATE STREET, LONDON, EC1A 4HT, ENGLAND
Tel:
Work 0207 349 0296
Fax:
Fax 020 7796 6666
DX:
33866 FINSBURY SQUARE
Email:
Web:
www.dlapiper.com

PK Paran

Tel:
Work 020 7153 7529
Email:
DLA Piper LLP (US)

Work Department

Insurance.

Position

Prakash ('PK') Paran advises clients on a broad range of corporate transactions most notably in the insurance sector (both life and non-life).  PK's experience extends to mergers and acquisitions (including competitive auction processes on the buy and sell side), joint ventures, corporate reorganisations (including SE and cross border mergers) and equity capital markets.  PK also advises on insurance transactions such as portfolio transfers, insurance linked securities and bulk annuity transfers.

Career

Qualified 2001, partner 2006. 1999-2006 London based global law firm (Simmons & Simmons); 2006-2012, New York based global law firm (Dewey & LeBoeuf); 2012 to date, DLA Piper. Recent publications of note: Private Equity Matters - Q1 2015, 3 Mar 2015; Global Trends in Insurance M&A in for 2015 and beyond - Q2 2015, 26 May 2015.

Education

King Edward VI School, Southampton; University of Bristol (LLB (Hons) 2(:1)); Nottingham Law School, LPC.

Leisure

Field hockey.


United States: Industry focus

Insurance: advice to insurers

Within: Insurance: advice to insurers

The 'deeply knowledgeable and business-conscious' New York insurance department at DLA Piper LLP (US) is 'one of the few practice groups that can provide outstanding legal advice with legitimate courtroom skills'. It focuses on claims relating to securities, asbestos, environmental issues, product liability, D&O, fraud, tort and transaction liability, as well as international disputes in the London and Hong Kong markets. Aidan McCormack advised Brit Insurance on a $64m professional liability insurance coverage and bad faith claim against Lloyd's and London Market insurers regarding an underlying legal malpractice claim. International business litigator Michael Murphy serves as global chair for insurance and reinsurance. Clients also recommend the 'unflappable and incredibly creative' Joseph Finnerty III, who counts Beazley among his clients, and 'consistently high performer' Megan Shea. The firm's New York office was also boosted by the relocation of global insurance sector co-chair PK Paran from London in early 2019.

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Legal Developments by:
DLA Piper LLP (US)

  • Sentencing guidelines for corporate manslaughter

    In February 2010 the Sentencing Guidelines Council (the SGC) issued definitive guidelines to courts on imposing appropriate sentences for corporate manslaughter and health and safety offences causing death. The SGC states that fines imposed on companies found guilty of corporate manslaughter should not fall below £500,000, while fines in respect of health and safety offences that are a significant cause of death should be at least £100,000. Crucially, the SGC declined to provide for a fixed link between the imposed fine and the turnover or profitability of the offending company.‚Ä©
    - DLA Piper UK LLP

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