All Insights
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Commercial
What does English law say an insurer 'knows'?
A recent decision has explored whether information given to claims handlers is deemed to be known by underwriters
Commercial
UK Court of Appeal considers when an agreement can be novated by conduct
Changing a party to an agreement should be viewed as a novation not a variation, and a 'no dealing' clause
Financial Services
Financial Reporting Council reforms strengthen decision-making over UK audit quality
Changes to the Audit Enforcement Procedure aim to ensure high-profile audit failures are given proper scrutiny
Dispute resolution
In or out of time? Time bars in engineering, procurement and construction contracts in the UK
Construction contract provisions set timeframes for actions so a party can exercise a right or claim and entitlement
Financial Services
Singapore proposes regulation for digital payment token services
Asset segregation, lending and staking, and incentive restrictions are the main reforms raised in a recent MAS paper
Dispute resolution
Does 'a prudent uninsured' still need the insurer's consent to settle with a third party in England and Wales?
Recent case highlights potential waiver issue for insurers telling the insured to act as a prudent uninsured
Regulatory and compliance
UK government heralds 'indefinite' CE marking recognition in GB market
Businesses will still need to look carefully at regulations and determine if a UKCA or CE mark is more appropriate
Financial Services
UK Upper Tribunal restricts the FCA's interpretation of consumer redress schemes
The UK financial regulator's powers are not unfettered if their imposition would produce absurd results
Energy and Energy Transition
Ofgem announces GB energy market reforms
New rules and proposals aim to improve supplier resilience and customer service for homes and businesses
Competition, antitrust and trade
Spain draws €194m line in Apple-Amazon brand protection and competition restriction ruling
Contractual terms at issue for competition regulator include 'brand gating' and competitor product ad restrictions
Financial Services
UK consults on reform to anti-money laundering supervision
Four potential models include a proposal for a single supervisor that would significantly impact financial service firms
Regulatory Outlook
Bribery, fraud and anti-money laundering | UK Regulatory Outlook July 2023
Government proposes online fraud charter with tech platforms | UK government confirms corporate criminal liability regime expansion | PSR consultation
