The recent decision in (1) Travelers Insurance Co Ltd (2) Denton Wilde Sapte v Gauri Advani [2012] concerns the recovery of defence costs from an insured former employee of a firm of solicitors, where the employee's conduct was "plainly dishonest".

On 23 April 2010, CESR published a consultation paper to amend its recommendations for the consistent implementation of the European Commission’s Regulation on Prospectuses no 809/2004 (CESR Recommendations) regarding mineral companies.

Led by the German presidency, delegates from the European Parliament, Commission and Council, on 23 May, agreed a compromise text for an EU Roaming Regulation on charges for using mobile phones abroad.

On 30 December 2008 the Russian State Duma adopted Federal Law No. 312-FZ "On Amendments to Part I of the Civil Code of the Russian Federation and certain legal acts". The amendments introduced by the Law 312-FZ mostly affect the corporate regime governing Russian limited liabilities companies.

Standard D&O policies may cover the insured for the costs of defending criminal, regulatory and even civil proceedings arising out of a pollution incident. These policies are likely though to fall short of providing coverage for remediation or compensation costs arising from the same incidents.

In the recent case of Bartoline Public Liability insurers were not liable to indemnify for clean-up costs resulting from pollution incidents.

Effective from 1 January 2010, Law No.(21) of 2009 (the Tax Law) introduces some major changes to the tax regime in Qatar and replaces Law No.(11) of 1993.

In response to predicted power supply shortfalls and rising oil prices Turkey has decided on the nuclear power option.

The High Court’s decision in Nayyar & Others v Denton Wilde Sapte & Another was handed down last month.

In recent months the UK Government has issued a large number of consultations dealing with various aspects of renewable and sustainable energy initiatives.

Information relating to recent Financial and Regulatory developments.

The explosion seen in the use of project finance techniques all around the world in the late 1980s and 1990s, has meant people are tempted to regard the financing of projects on a limited or non-recourse basis, as a relatively novel concept. This is far from true.

It wasn't so long ago that mergers and acquisitions were the axes around which London's legal universe evolved. Indeed, elite UK law firms spent 2006 and the first half of 2007 basking in the radiance of record-breaking M&A activity.

In a case last month, a claim against solicitors failed on the basis of the illegality defence.

In the UAE, Dubai is an oddity in legal circles in that it has two distinct seats and legal frameworks for arbitration.

The new mortgage law in Turkey sets new standards for the housing finance system and introduces new capital market instruments.The lack in Turkey of a proper housing finance system, and the consequential high occurrence of irregular and unqualified housing in the country has forced the Turkish government to take action.

This is the January 2008 Edition of our email news service – Turkish Update – which is issued every two months.

Those who feared that following Sir David Steel J’s ruling in "Injazat Capital Limited and Injazat Technology Fund B.S.C. v. Denton Wilde Sapte & Co" before the Dubai International Financial Centre Court of First Instance, the DIFC Courts and by extension the United Arab Emirates more generally found themselves in a situation of "de facto" violation of Article II(3) of the New York Convention, may now utter a sigh of relief.

This is the November 2007 Edition of our email news service – Turkish Update – which is issued every two months.