The sentencing, on 11 June 2008, of 3 former executives to significant terms of imprisonment for their part in a global cartel to fix the price of marine hoses will send a powerful message around the UK business community.

EU law and Brexit specialist Guy Lougher of Pinsent Masons, the law firm behind Out-Law.com, said: "UK businesses are in limbo but must resist the urge to do nothing and wait until the dust has settled.

Welcome to Insurance Briefing - a fortnightly round-up of insurance legal and business developments published on Out-Law - with analysis and commentary from the insurance team at Pinsent Masons.

The Licensing Act 2003 (the ‘2003 Act’) came fully into force on the 24 November 2005 with the intention of providing greater freedom and flexibility for the hospitality and leisure industry.

A new regulatory and tax regime for insurance linked securities (ILS) in the UK will come into force in the autumn, the government has announced, as it published the regulations that will govern the new regime.

This case arose as a consequence of William Hare Limited v Shepherd Construction Limited (See Bulletin 63).

Following the issue of Decrees of 113 and 114 regulating the foreign invested construction and engineering design sectors, the Ministry of Construction of PRC (MOC) has recently proposed new vehicles open to foreign engineering services companies

China's largest peer to peer (P2P) lender Hongling Capital will pull out of the market by 2020 as too many lenders do not pay their debts, Chinese news site Caixin has reported.

Deutsche Börse will pay fines imposed by the Frankfurt Public Prosecutor over alleged insider trading in a bid to close the investigation.

Victims of a failed unauthorised collective investment scheme (UCIS) can expect to receive about 40% of their investment back after the regulator secured two final confiscation orders from some...

The European Commission has launched infraction proceedings against the UK in respect of VAT treatment of certain commodity derivatives traded under the Terminal Markets Order (TMO).

A House of Lords committee is to examine the legal basis for, and potential costs to the UK of, a time-limited Brexit transitional period.

The UK's manufacturing sector is in robust health with output levels reaching a three-year high, according to a new survey.

Welcome to Insurance Briefing - a fortnightly round-up of insurance legal and business developments published on Out-Law - with analysis and commentary from the insurance team at Pinsent Masons.

The case is a reminder that large companies seeking to launch an investigation should seek specialist legal advice at the earliest opportunity.

Welcome to Insurance Briefing - a fortnightly round-up of insurance legal and business developments published on Out-Law - with analysis and commentary from the insurance team at Pinsent Masons.

The Office of Fair Trading (OFT) has announced that it is proposing to refer the market for the supply of airport services by BAA in the UK to the Competition Commission (CC) for a detailed market investigation. It will consult the industry and interested parties over the next eight weeks (until 8 February) and will then make a decision as to whether to refer the sector to the CC.

A high percentage of UK executives are unaware of the impending introduction of new laws which could make a business's failure to prevent tax evasion by its employees and agents a criminal offence...

Work to develop global guidance which would help insurers to underwrite environmental, social and governance (ESG) risks is now underway.

Financial regulators in Dubai and Hong Kong have agreed to cooperate to help innovative financial technology (fintech) businesses to grow.