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The Week That Was - 9 June 2023
Welcome to The Week That Was, a round-up of key events in the construction sector over the last seven days.
Read moreThe Week That Was - 2 June 2023
Welcome to The Week That Was, a round-up of key events in the construction sector over the last seven days.
Read moreCrypto: issues for solicitors and their PI insurers
We explore the types of work lawyers are doing in this area, the risks this work may give rise to and issues for solicitors and their PI insurers to consider.
Read moreThe Week That Was - 26 May 2023
Welcome to The Week That Was, a round-up of key events in the construction sector over the last seven days.
Read moreHow a Supreme Court ruling could cause surge in claims against directors
Ben Gold, explains how a recent Supreme Court case (BTI v Sequana) confirms company directors owe a duty to creditors if the company nears balance sheet or cash flow insolvency.
Read moreThe Week That Was - 19 May 2023
Welcome to The Week That Was, a round-up of key events in the construction sector over the last seven days.
Read moreQOCS rule changes now in force – has the imbalance been restored?
A review of the amendments to the QOCS regime and the impact on costs recovery for defendants and insurers.
Read moreWhat the fix?!
Fixed recoverable costs in professional negligence claims: new rules applicable from 1 October 2023
Read moreThe Week That Was - 12 May 2023
Welcome to The Week That Was, a round-up of key events in the construction sector over the last seven days.
Read moreConsumer duty and claims handling – beware of sludge practices
The Consumer Duty is a new regulatory framework developed by the Financial Conduct Authority (FCA) aimed at creating a higher standard of consumer protection in the retail markets. The FCA expects the Consumer Duty to be a significant shift for the market in terms of its expectations on firms and in this blog we consider this shift in the context of insurance claims handling.
Read moreWasted costs – some comfort for legal professionals
In its recent judgment in Anthony King and others v Barry Stiefel and others the Commercial Court has considered the circumstances in which wasted costs orders can be made against the legal representatives of a defeated party to a claim. The court dismissed the applications saying that wasted costs applications should only be made in respect of straightforward applications which can be dealt with summarily.
Read moreThe Month That Was – May 2023 – Developments for Directors and Officers liability
Welcome to Money Covered, a monthly podcast from RPC aimed at those dealing with complaints, claims and risk management in the financial services sector.
Read moreBeware unexploded bombs, proximate causes and …. the unintended consequences of adding clarity
It is not that often that the standard UK market War Exclusion, language which for decades has sat materially unchanged, is the basis of a declinature by insurers. The recent case of Allianz Insurance plc v University of Exeter is therefore particularly interesting as the Court was asked to interpret this language and decide whether BI losses arising from the controlled detonation of a WWII bomb, discovered on nearby property were excluded from cover
Read moreThe Week That Was - 28 April 2023
Welcome to The Week That Was, a round-up of key events in the construction sector over the last seven days.
Read moreNew developments in AI may put law firms at greater risk of phishing fraud
As the computing power of Artificial Intelligence continues to grow exponentially, we consider how generative technology may expand the reach of traditional phishing frauds aimed at law firms.
Read moreThe Week That Was - 21 April 2023
Welcome to The Week That Was, a round-up of key events in the construction sector over the last seven days.
Read moreThe Week That Was - 14 April 2023
Welcome to The Week That Was, a round-up of key events in the construction sector over the last seven days.
Read moreThe Month That Was – April 2023 – Pension drawdowns – the next FCA big concern?
Welcome to Money Covered, a monthly podcast from RPC aimed at those dealing with complaints, claims and risk management in the financial services sector.
Read moreThe Week That Was - 31 March 2023
Welcome to The Week That Was, a round-up of key events in the construction sector over the last seven days.
Read moreThe Month That Was – March 2023 – the FCA's consumer duty of care – a new chapter for regulation?
Welcome to Money Covered, a monthly podcast from RPC aimed at those dealing with complaints, claims and risk management in the financial services sector.
Read moreSilicon Valley, Signature and Credit Suisse: what do they all share(holder) in common?
In what has been termed "the biggest banking crisis since 2008", both Silicon Valley Bank (SVB) and Signature Bank have collapsed, and Credit Suisse has been rescued. Whether more banks are to follow suit is yet to be seen.
Read moreRPC advises Markel on £200m UK motor LPT transaction with Marco Capital
The LPT transaction involves UK motor insurance claims, providing cover of up to £200m in claims reserves This deal is the twelfth in a recent series of significant legacy market transactions handled by RPC, and the sixth in 2023
Read moreThe Pharmacist will see you now: Independent Prescribing
Pharmacist independent prescribing services will be trialled across England in 2023 – a possible game changer for our healthcare system and one to watch for insurers.
Read moreA Look At Livestock Insurance (With Ruth Gordon)
Welcome to Insurance Covered, the podcast that covers everything insurance. In this episode Peter is joined by Ruth Gordon, Livestock Underwriter at Markel Insurance.
Read moreThe English courts are emerging as a "hotspot" for environmental and ESG-related claims
Insurers can expect to continue to see an uptick in environmental and mass tort group litigation in the English courts and elsewhere in Europe, against the backdrop of climate change-related, plastics and other environmental risks
Read moreThe Week That Was - 10 March 2023
Welcome to The Week That Was, a round-up of key events in the construction sector over the last seven days.
Read moreGlobal Access Week 2023 – Global Solutions for Global Problems
Join us during the week 6 - 10 March for a series of seminars and networking opportunities with legal experts from our Global Access firms where we will aim to answer the most pressing questions being asked by insurance professionals.
Read moreThe Week That Was - 3 March 2023
Welcome to The Week That Was, a round-up of key events in the construction sector over the last seven days.
Read moreWhat are the BIGGEST challenges facing insurers right now? Global Access Week has the answers…
International law firm RPC will host London seminar series with global partners from 7 to 9 March
Read more'A google map of the body' – how the metaverse is transforming the healthcare industry
Twins Bernardo and Arthur Lima were born conjoined at the head in Rio de Janeiro, Brazil. At almost four years old, they have undergone seven extensive surgeries in order to be separated. The operations involved almost 100 medical staff and were led by surgeon Dr Noor ul Owase Jeelani in at Great Ormond Street Hospital in London and Dr Gabriel Mufarrej in Brazil.
Read moreThe Week That Was - 24 February 2023
Welcome to The Week That Was, a round-up of key events in the construction sector over the last seven days.
Read moreA matter of interpretation – the Supreme Court look at contractual interpretation once more
In their recent Judgment in Sara & Hossein Asset Holdings Ltd (a company incorporated in the British Virgin Islands) v Blacks Outdoor Retails Ltd [2023] UKSC 2 the Supreme Court adopted a commercially balanced interpretation of a lease; rejecting the overly textual approach of the Court of Appeal in favour of reading the relevant clause in the context of the lease as a whole.
Read moreYour statement or mine? Witness statements under Practice Direction 57AC
The judgment of Mr Justice Fancourt in Mackenzie v Rosenblatt Solicitors & Anor [2023] EWHC 331 (Ch) has highlighted, in no less than 36 paragraphs on the matter, the importance of ensuring compliance and understanding of Practice Direction 57AC - Trial Witness Statements in the Business and Property Courts ("PD 57AC"), when preparing witness statements.
Read moreLess is not always more in the context of commercial insurance clauses
The recent Court of Appeal judgment in Al Mana Lifestyle Trading LLC v United Fidelity Insurance Co PSC [2023] EWCA Civ 6 is a quick read on a relatively short point and serves as a useful recitation of the rules of interpretation in the context of insurance policy wordings.
Read moreThe collapse of FTX: lessons for many
From investors to regulators, FTX Trading Ltd (FTX) filing for bankruptcy was unexpected by all. A catalyst for litigation and regulation over the years to come, this collapse will serve as a warning, particularly to cryptocurrency insurers.
Read moreThe Week That Was - 10 February 2023
Welcome to The Week That Was, a round-up of key events in the construction sector over the last seven days.
Read moreRPC 'fully committed to opening doors' as firm marks fifth anniversary of apprenticeship scheme
RPC is celebrating the "wonderful contribution" of apprentices five years after the international law firm first launched its apprenticeship programme.
Read moreSLAPPs – a round up of the latest developments for the SRA
The last week or so has seen a burst of activity on SLAPPs, alongside criticism of the SRA. This will be of interest to lawyers and their insurers.
Read morePension reforms 'put onus on trustees, providers and employers to show value for money'
International law firm RPC says Government consultation is 'welcome' step towards ensuring pensions industry is providing the best outcomes for customers
Read moreThe Week That Was - 27 January 2023
Welcome to The Week That Was, a round-up of key events in the construction sector over the last seven days.
Read moreThe scope of a solicitor's duty to third parties in the spotlight again
The Claimant (Mr Syed Ul Haq), via his Estate, brought claims against the Defendants for damages arising out of two frauds in connection with the same property. It is central to this appeal to understand that Rees Page Solicitors never acted for the Claimant. It is indeed for that reason Rees Page Solicitors applied for summary judgment on the grounds that the Claimant had no reasonable prospects of success. After hearing the application, on 13 December 2019, Deputy Master Lloyd, granted summary judgment on the basis that as Mr Ul Haq was not a client of Rees Page Solicitors, they did not owe him a duty of care.
Read moreCosts recovered in the Small Claims Track from an unreasonable Litigant in Person
Most (if not all) litigators will be familiar with the challenge of being on the other side of a claim brought by a litigant in person ("LiP"). The courts expect practitioners to be sensitive to their opponent's lack of legal expertise and familiarity with court rules, but judges have also been clear that they expect all parties – including LiPs – to follow the rules regardless of their legal representation.
Read moreAnnual Insurance Review 2023
Hello and welcome to RPC's Annual Insurance Review – a look back at the events that shaped the insurance market in 2022 and a look forward towards what to expect in 2023.
Read moreWhat are the 8 key concerns insurers will face in 2023?
Annual Insurance Review from international law firm RPC identifies ESG risks, climate change and cyber-attacks as top challenges.
Read moreSRA issues Warning Notice on solicitors' involvement in SLAPPs
SLAPPs (aka 'Strategic Lawsuits Against Public Participation') is a term coined in the USA. They are becoming the object of increasing concern over here too.
Read moreIt's a Wonderful Life, Insurance
A swollen river rages through the town of Bedford Falls. It is Christmas Eve and, looking down upon the torrent, shivering on a bridge, is a woman, distraught and wounded by life's cruelties. She prepares to step over the railing. Her name is Insurance.
Read moreRICS publishes new guidance on cladding and valuation - Webinar on 16 December 2022
Following the consultation earlier this year, as RPC previously reported, the Royal Institution of Chartered Surveyors ("RICS") has now published new guidance on cladding and valuation. The guidance aims to provide guidance to valuers undertaking valuations for secured lending purposes of domestic residential flats, within residential blocks of 5 or more storeys or 11 metres or more in height.
Read moreA look at The London Market Group (With Caroline Wagstaff)
Welcome to Insurance Covered, the podcast that covers everything insurance. In this episode Peter is joined by Caroline Wagstaff CEO of the London Market Group, which is the topic they will be discussing.
Read moreInvest in due diligence for dubious schemes (Part 2)
With suspicious activity on the rise, the SRA remind firms of their anti-money laundering obligations.
Read moreAutumn Statement comes as 'welcome relief' for LDI market
International law firm RPC says there has been no 'doom loop' in market stability or movement in gilt yields
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