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UK Ruling a “Significant Step” Toward Certainty for COVID-19 Business Interruption Claims

On 15 September 2020, the High Court handed down judgment in The Financial Conduct Authority v Arch and Others, which determined issues of principle relating to business interruption claims arising from the COVID-19 outbreak....more

Changes To UK Insolvency Law To Mitigate The Economic Impact Of COVID-19

To assist businesses dealing with the economic impact of the coronavirus (COVID-19) pandemic, on March 28, 2020, the UK government followed in the footsteps of countries including Spain, Germany and Australia and announced...more

Replacement of LIBOR: Is Litigation Inevitable in the Derivatives Market?

With the announcement by the Financial Conduct Authority that the London Interbank Offered Rate (LIBOR) may cease to exist, the financial markets are facing a major upheaval in this respect. Market participants, financial...more

3/10/2020  /  Derivatives , ISDA , ISDA Master Agreement , Libor , UK

New York and London Remain Hot Seats for International Arbitrations

International arbitration is by far the preferred method for resolving cross-border disputes, and London and New York are among the most favored seats for such arbitrations, according to more than 1,100 respondents to “The...more

New Expedited Procedure Automatically Applies to ICC Arbitration Agreements

The International Chamber of Commerce (ICC) has amended the ICC Rules of Arbitration to put in place an expedited procedure that automatically applies to all arbitration agreements concluded after 1 March 2017 where the...more

Brexit - UK Files for Divorce From European Union: What Should Companies Do Now to Prepare?

Latest Developments - On 29 March 2017, the UK government delivered the formal notice to the other EU Member States that it is leaving the EU. The Brexit process is now formally under way. Companies of all sizes can...more

Brexit: Preparing for the Unknown — Practical steps

The UK’s new Prime Minister Theresa May has said: “The country voted to leave the European Union, and as prime minister I will make sure that we leave the European Union.” That seems like a clear statement, but the...more

BREXIT: The UK Has Chosen To Leave The EU. What Next?

On 23 June 2016, the UK held a referendum in which the British people voted for the UK to leave the European Union. But what does this mean in practical terms? Who will BREXIT affect? Any business or financial...more

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