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Recent regulatory developments of interest to insurers and their intermediaries. See also our General regulatory news in the Related Materials links.
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How competitive are UK insurance markets? Bank Underground article
TCFD recommendations: UNEP FI pilot report and guidance for insurers
COVID-19: Supreme Court judgment in FCA s BI insurance test case
On 15 January 2021, the Supreme Court handed down judgment in FCA v Arch Insurance (UK) Ltd and others [2021] UKSC 1 on the issues on appeal from the High Court in the test case brought by the FCA seeking legal clarity on the meaning and effect of certain non-damage business interruption (BI) insurance policy wordings. The FCA has published a press release and updated its dedicated webpage on the test case to summarise the key aspects of the judgment and outline the next steps.
In a recent opinion, the UK Supreme Court has found coverage for business interruption as a result of business closures incident to the Covid-19 pandemic. While some may see that.
January 26 2021 / Modified on January 26 2021 The mining company Vedanta and its Zambian subsidiary Konkola Copper Mines takes note of all the charges brought against them by local residents. In 2015, thousands of Zambians filed a complaint against Vedanta in the UK, alleging responsibility for soil and water pollution around its Nchanga copper mine in the central region of the country.
The British law firm Leigh Day has announced that residents of the villages of Shimulala, Kakosa, Hippo Pool and Hellen, near the Nchanga copper mine in central Zambia, will soon receive compensation from Vedanta and its local subsidiary Konkola Copper Mines (KCM). The amount of the compensation has not been communicated, but its announcement is already a sign of victory for more than 2,500 people, including 643 children, victims of mining pollution.
Indyref2: SNP party bosses in co-ordinated attack on plan B debate eveningexpress.co.uk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from eveningexpress.co.uk Daily Mail and Mail on Sunday newspapers.
Frand Forever? Or Other Business Models Are Possible? FrameWork License (FWL) intends to move past FRAND assurances which havenât reduced friction between innovators and implementers.
BriefingWire.com, 1/26/2021 - What is the FrameWork License (FWL)
In the context of the development of new technology standards, Intellectual Property Rights (IP Rights) are the engine that ensure and sustain technology innovation. FWL intends to move past FRAND assurances which havenât reduced friction between innovators and implementers.
In fact, the question of the implementation of FRAND assurances has created a diversity of interpretations, including different decisions taken by the courts. So much so that the recent judgment of the UK Supreme Court affirms a comprehensive principle of the meaning of FRAND: This is a single, composite obligation, not three distinct obligations that the license terms should be fair, and separately, r