Earlier this week, the Second Circuit overturned Southern District Judge Shira Schiendlin’s earlier decision granting dismissal of the complaint by class action plaintiffs who had brought federal securities claims against Barclays after the LIBOR scandal broke.
Read More Second Circuit Revives LIBOR Suit Against Barclays; Scandal Continues to Haunt Big Banks
Jurisdictions
Webinar: Sports Concussion Litigation- Latest NCAA and High School Research, Developments and Findings
Edwards Wildman’s Robert W. DiUbaldo will participate on a panel hosted by Perrin Webinar entitled: Sports Concussion Litigation- Latest NCAA and High School Research, Developments and Findings …
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UK: Consumers’ Failure to Read Loan Documents Does Not Mitigate a Firm’s Obligation to be Clear, Fair and Not Misleading
By Troutman Pepper Locke on
Posted in United Kingdom
In the case of (1) Mr Abraham Figurasin (2) Mrs Maricel Palo-Figurasin v Central Capital Ltd and Paragon Personal Finance Ltd [2014] EWCA Civ 504, the Court of Appeal dismissed Central Capital Limited’s appeal. …
Read More UK: Consumers’ Failure to Read Loan Documents Does Not Mitigate a Firm’s Obligation to be Clear, Fair and Not Misleading
Delaware Court Applies Horizontal Exhaustion to Excess Insurance Policies Under New York Law
By Troutman Pepper Locke on
Posted in Coverage & Claims, United States
In a decision issued on February 28, 2014 but published only recently, the Superior Court of Delaware addressed an issue of first impression and found that under New York law, horizontal exhaustion does not apply to excess insurance policies. …
Read More Delaware Court Applies Horizontal Exhaustion to Excess Insurance Policies Under New York Law
PWG TRIA Report Released; Prices Remain Low, but Uncertainty Continues
On April 17, 2014, the President’s Working Group on Financial Markets (“PWG”) released its report (the “Report”) to Congress on the state of terrorism risk insurance, as required under the Terrorism Risk Insurance Act (“TRIA”). …
Read More PWG TRIA Report Released; Prices Remain Low, but Uncertainty Continues
“Dormant Status” Now Granted Under Vermont Captives Law
By Troutman Pepper Locke on
On April 15, 2014, legislation was passed in Vermont enhancing the state’s captive law. H.563, known as “An Act Relating To Captive Insurance Laws And Accreditation Standards,” allows a “dormant” captive to maintain licensing status within Vermont. …
Read More “Dormant Status” Now Granted Under Vermont Captives Law
New York to License Title Insurance Agents for the First Time
By Troutman Pepper Locke on
Posted in New York Developments, United States
New York’s latest budget agreement was announced on March 30, 2014 and includes a measure to provide the Department of Financial Services (“DFS”) with authority to issue licenses to title insurance agents for the first time. …
Read More New York to License Title Insurance Agents for the First Time
UK: PPI
By Troutman Pepper Locke on
Posted in Coverage & Claims, United Kingdom
In Saville v Central Capital Limited [2014] EWCA Civ 337, the Court of Appeal upheld an appeal brought by a couple provided with insufficient payment protection insurance (PPI) sold in breach of the Insurance Conduct of Business Rules (the ICOB Rules). …
Read More UK: PPI
Texas Regulators Adopt Rules Implementing Captive Insurance Laws
By Troutman Pepper Locke on
The Texas Department of Insurance (TDI) has adopted new rules implementing provisions of the Texas Insurance Code that remove regulatory barriers for captives. The new rules go into effect on April 27, 2014. …
Read More Texas Regulators Adopt Rules Implementing Captive Insurance Laws
Hong Kong Signed its First Tax Information Exchange Agreement (TIEA) With US
By Troutman Pepper Locke on
On 25 March 2014, the Government of the Hong Kong Special Administrative Region (Hong Kong) signed an agreement with the Government of the United States of America (US) relating to the exchange of information relating to taxes. This is the first TIEA signed by Hong Kong. …
Read More Hong Kong Signed its First Tax Information Exchange Agreement (TIEA) With US