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Red Notice Newsletter - Chinese

LATAM Airlines Agrees to Pay $22 Million to Settle FCPA Cases - Last month, LATAM Airlines (“LATAM”), based in Santiago, Chile, agreed to pay $22 million to settle parallel civil and criminal proceedings involving...more

Cyber Attacks on Infrastructure are Increasing: Review Your Insurance As “Internet Of Things” Risks Grow and Change

In the December post Systemic Cyber Risks And The Internet of Things, we wrote about the increasing risk of cyber attacks on infrastructure and consumer products, and related insurance issues. We noted in that post that,...more

Iran Sanctions Eased, But Restrictions Remain

by Hodgson Russ LLP on

Canadian companies with U.S. operations must keep alert to developments in U.S. sanctions laws. Such sanctions apply to any entity organized under the laws of a U.S. jurisdiction (regardless of foreign ownership of such...more

Cybersecurity Issues in Focus at Upcoming HNBA Conference

by Foley & Lardner LLP on

The Hispanic National Bar Association (“HNBA”) will gather for its annual corporate counsel conference on March 17, 2016 in Las Vegas, where presentations and discussion will focus on technology and cybersecurity issues that...more

Overview of US and EU “Implementation Day” Guidelines on Iran Sanctions Relief

by White & Case LLP on

This overview describes the status of US and EU sanctions following the first round of nuclear-related sanctions relief that occurred on “Implementation Day” under the Joint Comprehensive Plan of Action (JCPOA) concluded with...more

Changes to Iran Sanctions Provide a Few Business Opportunities, but Many Hurdles

by Shipman & Goodwin LLP on

On January 16, 2016, the International Atomic Energy Agency verified that Iran had implemented nuclear reforms negotiated among the United States, the European Union and Iran, a milestone in the agreement referred to as the...more

US and EU Iran Sanctions Lifted: How to Proceed in the Aviation Sector?

On 16 January 2016, the United States and the EU lifted certain sanctions against Iran in compliance with the Joint Comprehensive Plan of Action (JCPOA) agreed among Iran, China, France, Germany, the Russian Federation, the...more

Shipwrecks and the Nairobi Convention

by Allen & Overy LLP on

What is the Convention all about? The Nairobi International Convention on the Removal of Wrecks 2007 comes into force on 14 April 2015. When the Convention applies, it will impose strict liability and insurance...more

“Brillante Virtuoso” held to have been a Constructive Total Loss

by Reed Smith on

The High Court recently held that the “Brillante Virtuoso” (the “Vessel”) was a constructive total loss (“CTL”) following an attack by pirates in July 2011. Mr Justice Flaux made important key findings in the CTL claim, which...more

Piracy, Kidnap & Ransom: UK Bans Ransom Payments by Insurers

by Cozen O'Connor on

On 26 November 2014 the British Home Secretary introduced the Counter-Terrorism and Security Bill (the Bill) to Parliament, part of which deals specifically with prohibiting the payment of insurance claims in respect of...more

Court Confirms Award Over Arguments Of “Manifest Disregard,” “Evident Partiality,” And “Corruption”

by Carlton Fields on

A transported liquid chemical had been found degraded after shipping from Texas to South Korea. The chemical company contended that the shipper was responsible for the losses as samples taken from the chemical prior to its...more

Insurance and Reinsurance Newsletter: Claims Settlement: English Commercial Court Considers Lead Underwriter's Duties To Following...

by DLA Piper on

In San Evans Maritime Inc and others v Aigaion Insurance Co SA1, the English Commercial Court considered whether the following underwriter was obliged to follow the settlement of the lead underwriter on one policy, in...more

New Law Expands Scope of Iran Sanctions In New Ways

As the new year brings in a new term for the Obama Administration, the pace of Iran sanctions shows no sign of slowing. As we reported in October and November, Washington’s commitment to denying Iran the ability to advance...more

New Iran Sanctions Enacted

by BakerHostetler on

Satellite Export Controls Now Eligible to be Returned to Commerce Department Jurisdiction - On January 3, 2013, President Obama signed into law Public Law No. 112-239, the Iran Freedom and Counter-Proliferation Act of...more

Sanctions Update Part 2

by Reed Smith on

This is a two part sanctions update. In Part One we look at a Court of Appeal judgment delivered last week which has implications not only for the insurance market, but also for any industry which trades or transacts with a...more

INCOTERMS 2010 – What you need to know (Part 2)

by Reed Smith on

Our previous client alert, "INCOTERMS 2010 - What you need to know (part 1)" gave a brief overview of the main changes to INCOTERMS 2010, which comes into effect on 1 January 2011. We mentioned in that alert that, in addition...more

La navegabilidad del buque en el régimen jurídico de la seguridad marítima

by Max Navas on

Presentación de la exposición y defensa del trabajo de Suficiencia Investigadora en Derecho de los transportes y de la navegación, realizada ante el Tribunal de la Facultad de Derecho de la Universidad de...more

Calificación jurídica de los contratos atípicos por la Corte Suprema de Chile

by Rafael Durájn on

Comentario sentencia dictada por la Corte Suprema que versa sobre la naturaleza jurídica del vínculo que unió a un importador de determinadas mercancías, quien actuó subrogado por su...more

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Cybersecurity

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