Articles - DAC Beachcroft

Articles

November 2017

A duty to speak, or is silence golden?

A duty to speak, or is silence golden?

Insurers are often reluctant to reserve their rights due to legitimate concerns that such a reservation may destabilise their relationship with the in ...

HMRC Guidance on Criminal Finance Act

HMRC Guidance on Criminal Finance Act

The Criminal Finances Act 2017 ("the Act"), which came into force on 30 September 2017, gave the UK government enhanced powers to tackle tax evasion, ...

FCA's first referral to the CMA

FCA's first referral to the CMA

The Financial Conduct Authority (FCA) has serious concerns over the way the £7tn UK asset management sector operates. Therefore, in September 2017, th ...

Trust Busting

Trust Busting

In a world where the creation of schemes to exploit loopholes in global tax laws causes social uproar about 'hiding money' (the leaking of the Panama ...

D&O for public officers – Colombia

D&O for public officers – Colombia

As D&O insurance gains popularity in Colombia and significant growth is forecast, this article provides a summary for insurers of the issues that ...

SUSEP new circular – Brazil

SUSEP new circular – Brazil

On 24 May 2017, SUSEP published Circular no. 553/2017 containing the general regulation applicable to Civil Liability Insurances of Legal Entity Offic ...

Misrepresentation and Insider Trading – Brazil

Misrepresentation and Insider Trading – Brazil

Earlier this year, the Brazilian Superior Court of Justice decided there should be no coverage under a D&O insurance policy due to (i) the policyh ...

D&O – Peru

D&O – Peru

Graña & Montero (G&M), one of the largest construction companies in Peru, has been experiencing a serious crisis since the last half of 2016, ...

Cyber protocol – New York

Cyber protocol – New York

The New York Department of Financial Services ("NYDFS"), which is responsible for the regulation of banks, insurers and other financial institutions t ...

Barclays Criminal Charges

Barclays Criminal Charges

In July 2017, the SFO brought criminal charges against Barclays Bank and four of its former directors - John Varley, Richard Boath, Tom Kalaris and Ro ...