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In Steamship Mutual Underwriting Association (Bermuda) Limited v Sulpicio Lines Inc [2008] EWHC 914 (Comm), the English Commercial Court considered an application for declaratory and injunctive relief by Steamship Mutual (the Club) against its insured, Sulpicio, a Filipino company and a member of the Club for many years. 

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Read More UK: High Court Considers Grant of Anti-Suit Injunction in Support of Arbitration

The FSA has delayed, for a second time, a planned DP on regulatory transparency. The DP, originally due out in April, was planned for publication this week but will not be available until “mid-year”. This was revealed in a speech entitled ‘Principles-Based Regulation – Lessons from the Sub-Prime Crisis’ by Hector Sants, at a FSA Securities and Investments Institute Annual Conference on 15 May 2008. 

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Read More UK: Financial Services Authority (FSA) has Postponed Discussion Paper (DP) on Regulatory Transparency

As the general insurance comparison website industry has expanded in recent years, the FSA has carried out a fresh review into general insurance comparison websites (the review). This fresh review comes in light of a study, commissioned by the British Insurance Brokers’ Association (BIBA), which showed potential for serious consumer detriment across insurance comparison websites. 

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Read More UK: Regulatory: The Financial Services Authority (FSA) Calls for Fairness in Insurance Comparison Websites

In a crowded court room of the High Court on Friday 2 May, the pre-trial review for six lead test cases in the employers’ liability trigger litigation was heard by Mr Justice Burton. The trial date has been set for 3 June 2008 and the trial is scheduled to end by the beginning of August. …
Read More UK: High Court to Decide Which Policies Should Respond to Asbestos Claims

The FSA has published a consultation paper to seek views on proposals to modify the scope of the FSCS as it applies to business written through EEA branches of UK insurers. Click here to read the consultation paper. …
Read More UK: Regulatory: EEA Branches of UK Insurers are Consulted on the Financial Services Authority’s (FSA) Proposal to Amend the Financial Services Compensation Scheme (FSCS)