International Law & Trade, Commercial Law & Contracts, Insurance

Increasing trend towards blanket notifications means companies should consider early notification of claims: Baker & McKenzie

by Leigh Duthie, Alex Hartmann | Baker & McKenzie Australia on 5/9/2013

There is an increasing trend in the UK towards accepting a blanket notification of claims, or circumstances that might give rise to a claim, as valid notification under an insurance policy. Australian companies should...more

Automotive Legal News - May 2013 • 2nd Quarter

by John Anderson, Sr., James M. Burns, M. Kimberly Stagg, Richard Wilhelm | Dickinson Wright on 5/9/2013

IN THE ISSUE: - The Legal Challenge to the SEC’s Conflict Minerals Reporting Regulations: In the 2010 Dodd-Frank Act, the United States Congress required, inter alia, the SEC to promulgate regulations requiring...more

Legal Alert: New Budget Proposals Once Again Target Insurance Companies

by Dennis Allen, Thomas A. Gick, Saren Goldner, Jeffrey Mace, Michael Miles, William Pauls, M. Kristan Rizzolo, Christopher Schoen, Linda Sciuto, W. Mark Smith, William Walderman, more +P. Bruce Wright | Sutherland Asbill & Brennan LLP on 4/16/2013

On April 10, the Obama Administration released its fiscal year 2014 budget (FY 2014 Budget). Of note, the FY 2014 Budget includes a number of tax proposals that target insurance companies or that otherwise would have a direct...more

Financial Services Quarterly Report - First Quarter 2013: New Rules for China’s RQFII Regime

by Angelyn Lim, Kylee Zhu | Dechert LLP on 3/27/2013

At the January Asian Financial Forum in Hong Kong, the Chairman of the China Securities Regulatory Commission (“CSRC”), Mr. Guo Shu Qing, stated that Mainland China could increase the level of investment quotas for both the...more

Is Competition For Captive Regulation Good For The Industry?

by Kevin Doherty | Burr & Forman on 3/22/2013

Originally Published in Risk Retention Reporter - March 2013. A number of U.S. states are creating captive domiciles to compete with Vermont, South Carolina, Hawaii and other long-established leaders. We interviewed...more

Illinois Director of Insurance Restricts Offshoring of Utilization Review Functions and Third Party Administrators

by B. Scott Burton, John Pruitt, Stephen Roth, Cynthia Shoss | Sutherland Asbill & Brennan LLP on 3/7/2013

On January 18, 2013, the Illinois Director of Insurance issued Company Bulletin #2013 - 01, Offshoring, to insurers, registered utilization review organizations and licensed third party administrators conducting business...more

State of Washington v. James River Insurance Company – What Impact on Bermuda Insurers?

by Richard Geddes | Sedgwick LLP on 2/4/2013

The short answer is – none. State of Washington, Dept. of Transportation v. James River Insurance Company, – P.3d –, 2013 WL 258877 (Wash. January 24, 2013), a January 2013 decision of the Washington State Supreme...more

Risky Business: Protecting Indian Investments Abroad

by Nandan Nelivigi | White & Case LLP on 1/20/2013

GMR’s ouster from the US$511 million airport modernization project in Maldives has refocused the spotlight on political risks facing foreign investments. As the GMR-Maldives story unfolds, this is a good time for Indian...more

Patton Boggs Reinsurance Newsletter - December 2012: Florida Appellate Court Affirms Decision Rejecting Forum Non Conveniens...

by Patton Boggs LLP on 1/10/2013

ABA Capital Markets Corp. v. Provincial De Reaseguros C.A., No. 3D12-130, 2012 WL 5416441 (Fla. Dist. Ct. App. Nov. 7, 2012). In this appeal of a lower court’s non-final order denying defendant’s motion to dismiss a...more

Patton Boggs Reinsurance Newsletter - December 2012: California Appeals Court Affirms Quashing of Complaint Against Bermuda...

by Patton Boggs LLP on 1/8/2013

Hollander v. XL Ins. (Bermuda) Ltd., No. B230807, 2012 WL 4748956 (Cal. Ct. App. Oct. 5, 2012). A California appeals court has affirmed a trial court’s order quashing service of a summons and complaint for lack of...more

SEC Charges Allianz with FCPA Violations

by David Smyth | Brooks Pierce on 1/2/2013

On December 17th, the SEC brought a settled administrative FCPA action against Allianz SE, a German insurance company with a subsidiary in Indonesia. The order does not allege violations of the FCPA’s antibribery provisions,...more

Patton Boggs Reinsurance Newsletter - December 2012: Iowa Federal Court Dismisses Claims Against Bermuda Reinsurance Affiliates

by Patton Boggs LLP on 1/2/2013

In this long term insurance benefits dispute, claims were brought by the policyholder against Bermuda-based reinsurance companies affiliated with the insurer. The Bermuda companies (and others) filed a motion for judgment on...more

Allianz To Pay $12.3M To Settle SEC’s Bribery Allegations

by Raymond Banoun | Cadwalader, Wickersham & Taft LLP on 12/20/2012

On December 17, 2012, the Securities and Exchange Commission ("SEC") announced that Allianz SE ("Allianz"), a German-based insurance and asset management company, had agreed to pay approximately $12.3 million to settle...more

Patton Boggs Reinsurance Newsletter - December 2012: New York Federal Court Confirms Arbitration Awards for Cedent

by Patton Boggs LLP on 12/13/2012

A New York federal court granted a cedent’s petition under the Convention on the Recognition and Enforcement of Foreign Arbitral Awards to confirm multiple arbitration awards in its favor, denied cross-petition to vacate the...more

An American in Paris (or Shanghai or Tel Aviv) – Part 3: How to retain your account in a Foreign Financial Institution

by Gerald Nowotny on 11/7/2012

In my last installment, I discussed the benefits of a private placement insurance contract (life insurance or annuity) issued by a life insurer domiciled in Puerto Rico – Isla del Encanto – for Americans living...more

An American in Paris (or Shanghai or Tel Aviv) – Part 2: Using Tax-Advantaged Investment to Minimize U.S. Tax Reporting...

by Gerald Nowotny on 10/24/2012

If you are an American living overseas, the walls are closing in on you quickly. If your foreign bank hasn’t already closed your account, don’t hold your breath because it is probably coming quickly. A large number of...more

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International Law & Trade › Commercial Law & Contracts › Insurance

Increasing trend towards blanket notifications means companies should consider early notification of claims: Baker & McKenzie

Automotive Legal News - May 2013 • 2nd Quarter

Legal Alert: New Budget Proposals Once Again Target Insurance Companies

Financial Services Quarterly Report - First Quarter 2013: New Rules for China’s RQFII Regime

Is Competition For Captive Regulation Good For The Industry?

Illinois Director of Insurance Restricts Offshoring of Utilization Review Functions and Third Party Administrators

State of Washington v. James River Insurance Company – What Impact on Bermuda Insurers?

Risky Business: Protecting Indian Investments Abroad

Patton Boggs Reinsurance Newsletter - December 2012: Florida Appellate Court Affirms Decision Rejecting Forum Non Conveniens...

Patton Boggs Reinsurance Newsletter - December 2012: California Appeals Court Affirms Quashing of Complaint Against Bermuda...

SEC Charges Allianz with FCPA Violations

Patton Boggs Reinsurance Newsletter - December 2012: Iowa Federal Court Dismisses Claims Against Bermuda Reinsurance Affiliates

Allianz To Pay $12.3M To Settle SEC’s Bribery Allegations

Patton Boggs Reinsurance Newsletter - December 2012: New York Federal Court Confirms Arbitration Awards for Cedent

An American in Paris (or Shanghai or Tel Aviv) – Part 3: How to retain your account in a Foreign Financial Institution

An American in Paris (or Shanghai or Tel Aviv) – Part 2: Using Tax-Advantaged Investment to Minimize U.S. Tax Reporting...

Labour Law Consequences of Workplace Transfer under the Turkish Commercial Code

An American in Paris (or Shanghai or Tel Aviv) – Part 1: Using Tax-Advantaged Investment Solutions While Living Overseas

Financial Markets Law & Regulation Update n°21/2012

A Message to UBS! (and Other Swiss Private Banks)

Patton Boggs Reinsurance Newsletter - September 2012

California Legislature Passes Iran Investment Bill

English Law Reinsurance Contracts May Not Cover Asbestos or Other U.S. Liabilities

Noteworthy Now: Sutherland Insurance Regulatory Mid-Year Review - July 20, 2012

Baker & McKenzie: Mergers & Acquisitions Series 2012 - Managing risk in M&A transactions (Presentation)

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