Credit Suisse emergency rescue – lawsuits threatened after USD 17 billion Co-Co writedown By William Allison, Francesca Muscutt Following weeks of turmoil within Credit Suisse, which saw a massive fall in share prices and…
D&O and FI Newsletter - Spring 2022 By Francesca Muscutt, Graham Ludlam, William Allison DAC Beachcroft's D&O and FI newsletter features topical issues for our global clients and…
Directors' duties: duty to avoid conflicts of interest continues after director resigns By , William Allison In Burnell v Trans-Tag Ltd and Robert Aird [2021] EWHC 1457, the High Court considered the scope of…
Lloyd v Google - What next for representative Class Actions? By William Allison, The Supreme Court, in its long-awaited decision in Lloyd v Google, unanimously overturned the…
D&O and FI Newsletter - Autumn 2021 By Francesca Muscutt, Graham Ludlam, William Allison DAC Beachcroft's D&O and FI newsletter features topical issues for our global clients and…
Competition Appeal Tribunal certifies class action against Mastercard By , William Allison In December last year, we commented on the Supreme Court’s landmark decision in Mastercard…
Silent Cyber: What’s all the noise about? By , William Allison Cyber-attacks in recent months have become increasingly prominent as threat actors have capitalised…
D&O and FI Newsletter - Spring 2021 By William Allison, Graham Ludlam, Francesca Muscutt NatWest’s dirty laundry: will the directors be hung out to dry? …
Strictly Boardroom – why dancing around issues of diversity and inclusion is a risk for D&Os By Sarah Crowther, William Allison Two events have defined 2020: Covid-19 and the Black Lives Matter movement…
Boohoo - A tearful lesson on supply chain ethics? By William Allison On 24 September 2020, Alison Levitt QC published her independent report into the fashion giant,…
The impact of the Supreme Court judgment in Sevilleja v Marex on D&O claims By William Allison, Declan Finn, George Hammond The recent Supreme Court judgment in Sevilleja v Marex (July 2020) has narrowed the scope of…
D&O Insurance and the COVID-19 pandemic – claims and considerations for underwriters By William Allison, Francesca Muscutt At a time when pandemic-related D&O claims are already being filed in the US courts, should the…
D&O and FI newsletter - Spring 2020 By William Allison, Graham Ludlam, Francesca Muscutt There is now a “dominant purpose” test for legal advice privilege – some practical points in the…
D&O and FI Newsletter - Autumn 2019 By William Allison, Graham Ludlam, Francesca Muscutt FedEx securities class action following the NotPetya cyberattack - implications for D&O…
Climate change for senior managers - Deadline for PRA risk management compliance passes By William Allison Earlier this year, the Prudential Regulatory Authority (“PRA”) published a supervisory statement…
Class Actions in the English Courts – Update By William Allison, Francesca Muscutt While class-actions are not (yet) a recognised key feature of the English legal system, as they are…
Directors and Officers and Financial Institutions - Autumn 2018 By William Allison, Graham Ludlam, Francesca Muscutt DAC Beachcroft's D&O and FI newsletter features topical issues for our global clients and…
50 predictions: Directors’ & Officers’ and Financial Institutions By William Allison, Graham Ludlam Responsibility for artificial intelligence will fall on the board Rapid technological development…
D&O and FI Newsletter - Spring 2018 By William Allison DAC Beachcroft's D&O and FI newsletter features topical issues for our global clients and…
A duty to speak, or is silence golden? By William Allison, William Naylor Insurers are often reluctant to reserve their rights due to legitimate concerns that such a…
HMRC Guidance on Criminal Finance Act By William Allison The Criminal Finances Act 2017 (" the Act "), which came into force on 30 September 2017, gave the…
Cyber protocol – New York By William Allison The New York Department of Financial Services ("NYDFS"), which is responsible for the regulation of…
Barclays Criminal Charges By William Allison In July 2017, the SFO brought criminal charges against Barclays Bank and four of its former…
MasterCard By William Allison Following the European Commission decision in December 2007, which decided that interchange fees…
D&O and FI Newsletter - Autumn 2017 By William Allison DAC Beachcroft's D&O and FI newsletter features topical issues for our global clients and…
50 predictions: Directors & Officers and Financial Institutions By William Allison Big Data = big risk We predict that risk will accumulate in unexpected ways due to the increased…
Tesco market abuse update: FCA orders investor compensation scheme while the SFO imposes a £129m fine under a deferred prosecution agreement By William Allison, Declan Finn
D&O and Financial Institutions Newsletter - Winter 2017 By William Allison, Pippa Ellis, Richard Highley, Francesca Muscutt, Declan Finn, Graham Ludlam, Anthony Menzies, Jonathan Brogden DAC Beachcroft's D&O and FI newsletter features topical issues for our global clients and…
Cum-Ex trading scandal in Germany – A huge challenge for financial institutions and the insurance industry By William Allison In Germany, following the financial crisis, scandals involving banks and financial institutions…
US Developments in Cyber-breach D&O Lawsuits By William Allison There were two Director and Officer (D&O) cyber-breach related lawsuits at the end of 2016…
Rolls Royce – English Courts sanction the third Deferred Prosecution Agreement By William Allison Earlier this month, Lord Justice Leveson approved the third deferred prosecution agreement ("DPA")…
Prosecutors launch investigation of BT Italy By William Allison Prosecutors in Milan have confirmed that an investigation has commenced into allegations of false…
New Rules for D&O Insurance in Brazil By William Allison On 17 October 2016, the Brazilian Private Insurance Agency (SUSEP) issued Circular no…
D&O and Financial Institutions Newsletter - Autumn 2016 By William Allison, Pippa Ellis, Richard Highley, Francesca Muscutt, Declan Finn, Graham Ludlam DAC Beachcroft's D&O and FI newsletter features topical issues for our global clients and…
A nail in the coffin for Exclusive Jurisdiction clauses? By William Allison Arising out of the ongoing FIFA corruption scandal comes the recent US judgment in Eduardo Li v…
First firm to be sentenced under new corporate manslaughter sentencing guidelines is fined £550,000 By William Allison Monavon Construction Limited was the first firm to be sentenced under the new sentencing guidelines…
Litigation funder backs UK collective action against MasterCard By William Allison, Francesca Muscutt MasterCard faces a £14 billion claim in the second action filed under the new Consumer Rights Act…
50 Predictions: Directors’ & Officers’ and Financial Institutions By William Allison "For any enterprise that has not already reviewed its anti-corruption compliance framework, its…
D&O and FI Newsletter - Spring 2016 By William Allison DAC Beachcroft's D&O and FI newsletter features topical issues for our global clients and…
Panama Papers: The implications for financial institutions, professional advisers and directors By William Allison The leak of confidential data from the Panamanian law firm, Mossack Fonseca, in April has…
Emissions rigging scandal hits Mitsubishi By William Allison In our Autumn and Winter editions of the newsletter, we reported on the continuing investigations…
Plea Bargaining Agreements: The impact on D&O coverage in Brazil By William Allison Operation Car Wash, the investigation ordered by the Brazilian Supreme Court into the alleged…
D&O and FI Newsletter - Winter 2016 By William Allison DAC Beachcroft's D&O and FI newsletter features topical issues for our global clients and…
Are US style class actions really coming to the UK? By William Allison On 1 October 2015, the Consumer Rights Act 2015 came into force and introduced “opt-out class…
D&O and FI Newsletter - Autumn 2015 By William Allison DAC Beachcroft's D&O and FI newsletter features topical issues for our global clients and…
VW Scandal: Don’t Set the Wheels in Motion By William Allison German car manufacturer Volkswagen has sent shockwaves across the automotive industry with…
Whistleblowers: Implications for D&O cover By William Allison The UK regulators are actively promoting self-reporting and whistleblowing; a process whereby…
Disregard doctrine in Brazil: Effects on D&O insurance By William Allison In Brazil, corporations are separate legal entities and the liability of company officials in a…
Enforcement Outcomes of the Insolvency Service By William Allison The UK Insolvency Service has powers to investigate directors' conduct, to commence directors'…
50 Predictions: Directors' & Officers' / Financial Institutions By William Allison Making predictions about the future of the insurance market is not for the faint-hearted…
Directors: No implied term to provide documents containing confidential information following termination By William Allison In this case the High Court had to decide, as part of an application for summary judgment or strike…
Connaught Funds remain in the spotlight By William Allison The Connaught Funds continue to attract parliamentary and regulatory scrutiny…
The expansion of the D&O insurance market in Brazil By William Allison The liability of directors and officers has been considerably extended over the past few years in…