Baby-sitting may be a “business” under an insurance policy exclusion and a word on ambiguity (US)
In a tragic incident, a baby-sitter who received $25 per day when she provided home daycare services, was caring for a deceased infant who
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Norton Rose Fulbright advises on award-winning airline restructuring deals
Norton Rose Fulbright is proud to have advised on the following aviation restructuring transactions, which won awards from Airfinance Journal and Airline Economics:
- We advised Philippine Airlines Inc. (PAL) in connection with its pre-negotiated chapter 11 case which won Airfinance
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HM Treasury summary responses to access for cash consultation
On 19 May 2022, HM Treasury issued a summary of the responses to its earlier access to cash consultation. The document also sets out the government’s planned approach to legislating for access to cash in the Financial Services and Markets…
FCA PS22/5 ‘New cancellation and variation power: Changes to the Handbook and Enforcement Guide’
On 19 May 2022, the FCA published Policy Statement 22/5 ‘New cancellation and variation power: Changes to the Handbook and Enforcement Guide’ (PS22/5).
The Financial Services Act 2021 inserted a new Schedule 6A into the Financial Services and Markets Act…
ESMA final report on the relevance of extending the transitional period set out in Article 48 of the EU Crowdfunding Regulation
On 19 May 2022, the European Securities and Markets Authority (ESMA) issued a final report regarding the relevance of extending the transitional period set out in Article 48 of the EU Crowdfunding Regulation (ECSPR).
The final report has been issued…
ESMA report on highly liquid instruments
On 19 May 2022, the European Securities and Markets Authority (ESMA) issued a final report on highly liquid financial instruments for central counterparty (CCP) investment policies under the European Market Infrastructure Regulation (EMIR).
The final report has been published in…
The desks mapping review – integrating Brexit banks into European banking supervision
On 19 May 2022, the European Central Bank (ECB) updated its supervision blog by posting an update by its chair, Andrea Enria. The posting concerns Brexit and the relocation of business by international banks from London to subsidiaries in the…
FCA updates webpage on Payment Accounts Regulations: Linked Services List
On 18 May 2022, the FCA updated its webpage ‘Payment Accounts Regulations: Linked Services List’.
The FCA has added to this webpage the following new sections: more information about who this applies to, next steps and stakeholder feedback.
In…
Insurable Interest (England)
Insurable Interest (England)
In this High Court of Justice decision the insured claimed under a marine cargo open policy. The insured had purchased cargos of grain under various contracts and paid for those against presentation by the sellers of warehouse…
Insurer’s refusal to pay excess body shop storage fees upheld (US)
Insurer’s refusal to pay excess body shop storage fees upheld (US)
A Massachusetts Appeals Court refused to allow a class action against an insurer accused of deducting excess body shop storage fees for vehicles deemed total losses because the policy…