The new European Union Remedies Directive improving the effectiveness of review procedures concerning the award of public contracts was due to be implemented throughout the EU by 20 December 2009, aiming to provide more effective remedies for those suffering from breaches of the public procurement rules.

The Court in Dainford Navigation Inc v PDVSA Petroleo SA1 considered an application pursuant to section 44 of the Arbitration Act 1996 (the Act) for the sale of a crude oil cargo onboard...

As the Economic Crime and Corporate Transparency Bill ("the Bill") reaches the final stages of its journey through the UK Parliament, we consider what may be the biggest shake-up to corporate criminal law in 100 years.

Fairness at the expense of certainty? Richard Mabane discusses the House of Lords' decision in the Golden Victory

For companies operating in the United Kingdom (and elsewhere in Europe), the push to comply with varying climate change initiatives continues to gather pace.

In a somewhat unexpected judgment that widens the scope of the duty of care banks owe to their customers, the English Court of Appeal has held that the duty of care established...

On 19 November 2009 the Government introduced the Financial Services Bill (the "Bill") to Parliament, to provide greater rights and information for consumers and stronger financial regulation to make banks more robust in the future.

Victims of fraud have extensive legal rights to help them recover assets taken by the fraudster, and to sue him for damages.

Recent tensions in the Caucasus have dominated shipping headlines.

Two things are well known about Somalia from recent newspaper reports, magazine articles, Internet pages, and radio and television broadcasts.

Pursuant to the Sale Contract, the Buyer was to open an irrevocable letter of credit (on UCP600 basis) for the purchase price.

In this unusual case, the Court of Appeal ruled that reinsurer (Allianz) allegations of fraud against the North Korean state-owned insurer, KNIC, are “justiciable” (i.e. capable of being tried in England), and therefore capable of forming a defence to KNIC’s reinsurance claim, despite the potential of those allegations to cause diplomatic embarrassment between the UK and North Korea.

On 18 September 2009 the Court sanctioned a transfer of insurance business concerning the affairs of the Commercial Union Life Assurance Company Limited (“CULAC”), CGNU Life Assurance Limited (“CGNU”), Norwich Union Life (RBS) Limited (“NUL”) and Aviva Life & Pensions UK Limited (“Aviva”).

Over the past 18 months, the FSA has demonstrated an increased willingness to take strong action when financial institutions do not comply with applicable regulatory standards.

When an adjudicator or tribunal reviews an extension of time award, should they assess the claim prospectively as the contract requires, or can they use hindsight to determine what actually happened? The recent TCC decision in Mace Construct Limited v Baltic Investment Holdings Limited addresses this fundamental tension in construction contract disputes, confirming that reviewers must follow the contractual methodology even when subsequent events provide clearer answers.

When can insurers' claims handlers' correspondence and documents be disclosed in English arbitration or court proceedings? This article examines the boundaries of Legal Professional Privilege and explores the circumstances under which materials produced by P&I Club and H&M claims handlers may be subject to disclosure obligations, even when the insurer is not a party to the proceedings.

Amidst the wider discussions surrounding the cuts to public spending, there is talk of a possible tax overhaul for insurance companies in the forthcoming Pre-Budget Report.

This article looks at some of the legal and practical problems involved in prosecuting suspected pirates detained by warships off Somalia, and reports on the progress being made towards enhancing the criminal justice systems in regional states where trials are held, and in establishing humane detention facilities in Somaliland and Puntland for convicted pirates.

The effects of sanctions imposed against Iranian entities by the US, the UN, the EU and the UK are already extensive.

Dunlop Haywards Ltd ("DHL") (formerly Dunlop Heywood Lorenz) & Ors v Barbon Insurance Group Ltd (formerly Erinaceous Insurance Services Ltd formerly known as Hanover Park Commercial Ltd ("HPC")) & Ors v Lockton Companies International (formerly Alexander Forbes Risk Services UK Limited ("Forbes")) [2009] EWHC 2900].