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FSA Update - 31 May 2011
31 May 2011
Publication
FSA Update is a weekly alerter providing views on the publications issued by the FSA during the last week. It provides a quick way to keep up to speed with what is going on at the FSA and is particularly aimed at lawyers who do not deal with FSA rules every day...
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Clifford Chance Publication: Resource Nationalism II: Expropriation – Any rights or remedies?
1 May 2012
Publication
Direct expropriation or nationalisation is on the rise again.
In mid-April, Argentina dramatically announced the nationalisation of most of Repsol's 57.4% stake in Argentina's biggest oil group, YPF. YPF's interests include rights to the valuable...
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Insurance & reinsurance dispute resolution
When a dispute arises, you need someone who can help achieve a satisfactory, speedy and cost-effective outcome.
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Update on Test Achats
2 February 2012
Publication
Die Europäischen Kommission veröffentlichte Leitlinien, die es der Versicherungsindustrie erleichtern sollen, auf nationaler Ebene die Vorgaben des Test-Achats-Urteils einzuhalten. Versicherungsunternehmen können nun ihre Vertrags- und Preisgestaltung...
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Law Commission Releases Proposals for Reform of Business Insurance Law
28 June 2012
Publication
On 26 June 2012 the Law Commission released a consultation paper setting out its proposals for the reform of business insurance law, including major changes to the law relating to the disclosure of risks during the insurance placement process, and the remedies...
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Resource nationalism
9 December 2011
Publication
Resource nationalism represents a major challenge to investors in resource-rich economies and one that appears to be growing. With some commodity prices at or near record levels, the stakes are higher than ever for both investors and host Governments. With particular...
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Resource Nationalism: A Return to the Bad Old Days?
13 September 2012
Publication
This article discusses the expropriation and nationalization by States of foreign-owned natural resource assets for strategic or nationalistic reasons (also known as resource nationalism), including the different methods they use to obtain control of, or derive...
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German courts refuse recognition of insurance-related English schemes of arrangements
11 December 2012
Publication
Earlier this year the German Federal Court found that recognition of the Scheme of Arrangement related to insurance matters would be contrary to European legislation on the recognition and enforcement of judgments.
As this judgment is limited to insurance matters,...
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Europäische Maßnahmen zur Regulierung des Vertriebs von fondsgebundenen Lebensversicherungsprodukten
11 December 2012
Publication
Seit dem Jahr 2007 beschäftigt die EU-Kommission sich auf Aufforderung des Rates mit Anlageprodukten für Kleinanleger (Packaged Retail Investment Pro-ducts, "PRIPs"). Dazu zählen außer Investmentfonds und strukturierten Wertpapieren...
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Merkblatt der BaFin zur Kontrolle der Mitglieder von Verwaltungs- und Aufsichtsorganen
18 December 2012
Publication
Die Bundesanstalt für Finanzdienstleistungsaufsicht (BaFin) hat am 3. Dezember 2012 eine neue Fassung des Merkblatts zur Kontrolle von Mitgliedern von Verwaltungs- und Aufsichtsorganen gemäß KWG und VAG veröffentlicht. In dieser Fassung hat...