News & Insights (Financial Institutions & Services)

Opportunities for the insurance market: media risks - part two

The Taylor Wessing insurance group, in conjunction with its media group, commissioned a survey designed to assess the extent to ...

Court of Appeal rules on enforcement of West Tankers arbitration award

This long running dispute concerned claims arising from an allision involving the vessel FRONT CONNOR and a jetty at an oil ...

Opportunities for the insurance market: media risks - part one

The use of evolving technology has led to previously unforeseen risks for companies and other commercial organisations. The use ...

Taylor Wessing advises Lloyds Banking Group on Crowne Plaza Refinancing

Taylor Wessing's Hotels Group have successfully completed the refinancing of the prestigious Crowne Plaza Hotel at London's ...

Governing Law of Arbitration Clause

Sulamerica Cia Nacional de Seguros SA & Ors v. Enesa Engenharia SA & Ors [2012] Commercial Court 19 January 2012 The ...

Accountancy Update - January 2012

Welcome to the first edition of Taylor Wessing's quarterly accountancy newsletter. Our intention is to provide in an easily ...

Non-Disclosure and want of due diligence - Loss of Hire

Sealion Shipping Ltd & Anor v Valiant Insurance Co [2012]Commercial Court, 20 January 2012 This case concerned a loss of ...

Taylor Wessing announces second finance partner hire for 2012

International law firm Taylor Wessing today announces the second partner addition to its finance team for 2012. Elisabeth Gaunt ...

The Taylor Wessing Insurance and Reinsurance Review of 2011

The Taylor Wessing annual Insurance and Reinsurance Review summarises the key case law developments in insurance and reinsurance ...

Taylor Wessing Insurance Media Survey

Highlighting opportunities for media risk targeted insurance The Taylor Wessing insurance group in conjunction with the Taylor ...

London banker banned for procuring breaches of Indian investment law

The UK’s Financial Services Authority has banned Jaspreet Singh Ahuja, a Client Adviser in UBS’ international wealth management ...

Changes to the EIS and VCT Schemes

Following a consultation process held during the summer (view our previous e-briefing regarding this consultation), draft ...

HSBC acquisition inherits suitability of advice failings

In its largest ever retail fine of £10.5million imposed on HSBC Bank Plc (HSBC), the FSA has once again sought to remind ...

Seed Enterprise Investment Scheme (SEIS)

Following close behind last week’s Autumn Statement by the Chancellor, the Government has today published draft legislation ...

Venture capital schemes consultation

Autumn Statement update Following the consultation over the summer on Venture Capital Schemes, the Chancellor announced the ...

Jurisdiction clauses and exclusivity

Aizkir Navigation Inc v Al Wathba National Insurance Co. P.S.S (2011) QBD (comm) Commercial Court, 16 November 2011 The ...

News on the Patent Box and the R&D tax credit proposals

HM Treasury is expected to publish draft legislation on 6th December 2011, covering both the Patent Box and the R&D tax ...

Failings and foreseeability

FSA claims second wealth management scalp in two weeks On 8 November, the FSA fined Coutts & Company ("Coutts") ...

Law and Jurisdiction - Dodging the triple trigger

Faraday Reinsurance Co Ltd v. Howden North America Inc & Anor [2011] Commercial Court 1 November 2011 Much has been written ...

The return of the early morning call

The unintended consequences from changes to the Takeover Code Without fanfare and with a sense of resignation changes to the ...

Confirmation of policy coverage and estoppel

Micoperi SrL v The Shipowners’ Mutual Protection and Indemnity Association [2011] Commercial Court, 21 October 2011 The ...

Financial Disputes Update - November 2011

Welcome to the second edition of the Taylor Wessing financial disputes and contentious regulatory newsletter. Every quarter, we ...

Routine FSA visit leads to £5.95m fine: Lessons to be learned

A routine visit by the FSA to Credit Suisse (UK) Limited ("Credit Suisse") in December 2009 has resulted in the ...

Court of Appeal stops short of confirming anonymity for bank employees reporting POCA suspicions

Shah and Another v HSBC Private Bank (UK) Limited As reported in our earlier eAlert, the High Court previously held that public ...

Asserting privilege in FSA Investigations

Organisations subject to an FSA investigation are often nervous about refusing to provide privileged information to the regulator ...

Taylor Wessing responds to new VC tax relief proposals

On 6 July this year the Government published the "Tax-Advantaged Venture Capital Schemes" consultation. The ...

Insure or Ensure - what are your insurance media risks?

Are you making false statements about your products? You might be creating a legal contract with your customers without ...

Taylor Wessing advises Infrastructure India plc on wind farm investment

Government launches Contracts Finder website

Government launches Contracts Finder website to ensure that at least 25% of government contracts are awarded to SMEs Earlier ...

Takeover code amendments effective from 19 September 2011

Following the controversy and political interest prompted by the Kraft Foods Inc. takeover of Cadbury plc, the long awaited ...

Taylor Wessing advises easycash GmbH on the acquisition of paycom Gesellschaft für elektronische Zahlungssysteme mbH

The international law firm Taylor Wessing has advised easycash GmbH on the acquisition of paycom Gesellschaft für elektronische ...

Finance Update - August 2011

Welcome to Taylor Wessing's August 2011 Finance Update summarising what we think are the more interesting recent legal ...

FSA Enforcement Procedure: Investigative Powers

Transatlantic Whistleblowing – A Reward for Good Behaviour A stark contrast between UK and American regulatory culture and ...

FSA Enforcement Procedure

Leniency & Co-operation Laurence Lieberman, Paul Glass and Howard Fischer address the trans-Atlantic differences in ...

Contractual time bars: standing the test of time

Firms commonly include contractual time bars in engagement letters (outside audit), limiting statutory limitation periods for ...

Family Business Passport

Taylor Wessing's Family Business Passport is a concise and practical guide for the owners of family businesses. It addresses some ...

Murdoch: A Wake-up Call To Family Business Owners

"This is the most humble day of my life". These were the words with which Rupert Murdoch, a man once regarded as one of ...

Actions speak louder than words, leading to FSA record fine

Failure to implement proper anti-bribery controls over payments to overseas third parties leads to FSA record fine The FSA has ...

Data Security: Is your organisation hacked or hacked off?

With hacking and data security issues dominating the news right now, readers could be forgiven for turning to other news stories ...

The UK Bribery Act 2010 and its impact on the Insurance Sector

The Bribery Act 2010 ("the Act") came into force on 1 July 2011. The Act reforms the previous criminal law to provide a ...

The butterfly effect - is Middle East unrest bad for business?

The 'butterfly effect' is a concept of chaos theory regarding how a small occurrence in one place can, through an interconnected ...

The EIS and VCT consultation - Sowing the seeds for growth?

In its 2011 Budget, the Government announced a substantial increase in the tax relief available under the Enterprise Investment ...

Financial Disputes Update - July 2011

Welcome to the first edition of the Taylor Wessing financial disputes and contentious regulatory newsletter. Every quarter, we ...

Why is a banker like a police informant?

The high court has recognised the importance of protecting the identity of employees reporting suspicions under the Proceeds of ...

Offshore Energy Insurance - Meaning of "100%" and scaling for interest

Gard Marine & Energy v. (1) Lloyd Tunnicliffe; (2) Glacier Re & Anor [2011]Commercial Court, 30 June 2011 We have ...

The new FCA – "tougher and bolder", but also costlier

The FSA has asserted that the new Financial Conduct Authority (FCA) will be "tougher and bolder" than the FSA has been. ...

Commercial Court rules again on "series of related events" language

Beazley Underwriting Ltd & Anor v. The Travelers Companies Incorporated In May 1997 the Defendant (Travelers) sold the Minet ...

Finance Update - June 2011

Welcome to the June edition of Finance Update. This month we look at: Execution of documentsMAC clause used to accelerate a ...

HM Treasury consults further on the Patent Box and R&D tax credits

The anticipated consultation on the Patent Box was finally published by HM Treasury on 10 June 2011 together with a linked ...

Bound by an estimate?

Bound by an estimate? A recent case is a stark reminder of how easily a party's actions can reduce a contractual ...

Double first for the FSA

The FSA has obtained its first High Court injunction to prevent market abuse and has issued a fine of £1m against an individual, ...

Taylor Wessing boosts commercial disputes capability with three new partner hires

Taylor Wessing is delighted to announce the arrival of three new partners to its growing Commercial Disputes group. Tim Strong, ...

Taylor Wessing advises investment group A&NN on £53 million acquisition of Waterstone’s Group

International law firm Taylor Wessing has advised A&NN Group, an investment subsidiary of the family trust associated with ...

International law firm Taylor Wessing advises senior management team in Savills Private Finance majority interest buyout

International law firm Taylor Wessing's Private Equity group has advised the senior management team of Savills Private ...

Finance Update - May 2011

Welcome to the May edition of Finance Update. We hope you like the new look. This month we look at: Be careful what you say – ...

Proposed amendments to the listing rules of NASDAQ Dubai

The Securities Exchange of the Dubai International Financial Centre, NASDAQ Dubai, has recently issued a Consultation Paper (no 1 ...

High Court opines on COB/COBS customer classification rules

On 22 March 2011, the Commercial Court (Flaux J) handed down its judgment in the case of Bank Leumi (UK) PLC v Linda Joy Wachner ...

Finance Update - April 2011

Welcome to the April issue of Finance Update. This month we look at: Effect of solicitor's undertaking in insolvencyMortgages: ...

Unicover - Recent ruling by a New Jersey Appellate Court

Reliastar Life Insurance Company v Roger Smith and Aon Re Inc There has been a recent ruling in the US concerning this all too ...

Taylor Wessing advises on creation of global leader in innovative drug discovery

Taylor Wessing is advising SuperGen, Inc., a NASDAQ listed pharmaceutical company dedicated to the discovery and development of ...

Budget widens availability and benefits of EIS and VCT schemes

In yesterday's Budget, the Chancellor announced a raft of measures to boost corporate business in the UK. From a small and medium ...

Choice of English law and the forum conveniens test

Mujur Bakat BHD v. Uni Asia General Insurance Berhad & Ors [2011]Commercial Court, 18 March 2011 In launching proceedings in ...

Budget 2011 – Chancellor confirms details of “Patent Box” and other corporate tax reforms – further consultations in May

As we reported in the January issue of InFocus the long anticipated document entitled “Corporate Tax Reform” was published by the ...

Finance Update - March 2011

Welcome to the March issue of Finance Update. This month we look at: S123(2) - The Balance Sheet test – Still a bit of a ...

Business Immigration - Entrepreneurs to get the red carpet treatment in the UK

The UK Government has announced new immigration rules to incentivise foreign entrepreneurs to invest in the UK. To encourage more ...

Litigation privilege over survey reports - the "dominant purpose" test

Axa Seguros SA v. Allianz Insurance Plc & Ors [2011]Commercial Court, 2 March 2011 This was a case concerning a claim for ...

Will 2011 be the year of the IPO?

Taylor Wessing and Arbuthnot Securities forum explores complex flotation process, market dynamics and challengesLondon – IPOs ...

The best man for the job, isn't

Lord Davies publishes the 'Women on Boards' review. The government has recommended that FTSE 100 companies should aim to have a ...

ECJ tells insurance and pension providers not to use gender to discriminate

The European Court of Justice has today followed Advocate General Kokott's Opinion that men and women must be treated equally in ...

War Risks - Arrest proceedings and the meaning of "ordinary judicial process"

Melinda Holdings SA v. Hellenic Mutual War Risks Association (Bermuda) [2011]Commercial Court, 18 February 2011 While P&I ...

Principal Causes of IT Disputes

The successful implementation of technology is of critical importance to organisations. The implementation of technology can fail ...

Fraudulent Claims and Avoidance - Moral Hazard and the use of a "fraudulent device"

Sharon’s Bakery (Europe) Ltd v.  Axa Insurance & Anor [2011]Commercial Court, 9 February 2011 This case represents the ...

Taylor Wessing advises Guggenheim Global Infrastructure and other entities on a $270m transaction with Infrastructure India Plc

International law firm Taylor Wessing has advised specialist infrastructure investor Guggenheim Global Infrastructure (“GGIC”) ...

Finance Update - February 2011

Welcome to the February issue of Finance Update. This month we look at: Negligent legal advice: Extent of the lawyers’ ...

Brokers Duties; Municipal Insurance and the creation of insurance mutuals

Broker Duties - Failure to advise insureds on risk improvement requirements Ground Gilbey Ltd v. Jardine Lloyd Thompson UK Ltd ...

Builders' risks - Co-insurance and waiver of liability

BMT Marine & Offshore Survey Ltd v Lloyd Werft Bremerhaven GmbH [2011]Commercial Court, 24 January 2011 Where a Claimant ...

Supreme Court rules on inherent vice; Loss of jack-up rig under tow

Global Process Systems Inc & Anor v. Syarikat Takaful Malaysia Berhad [2011] Supreme Court, 1 February 2011 As Lord ...

Court of Appeal rules in Somali piracy case

Background Under the provisions of the Marine Insurance Act 1906, a total loss of the insured subject matter may be actual or ...

Finance Update - January 2011

Welcome to the January issue of Finance Update. This month we look at: Changes Proposed to security registration ...

The Taylor Wessing Insurance and Reinsurance Review of 2010

The Taylor Wessing annual Insurance and Reinsurance Review summarises the key English case law developments in insurance and ...

Taylor Wessing advises global alternative asset manager The Carlyle Group on establishment of new investment structure in the Dubai International Financial Centre

International law firm Taylor Wessing has advised The Carlyle Group on establishment of Carlyle MENA Investment Advisors Limited ...

Finance Update - December 2010

Welcome to the December issue of Finance Update. This month we look at: Pensions: What is the effect of Financial Support ...

Restructuring & Corporate Recovery Update - December 2010

Welcome to the December issue of Restructuring & Corporate Recovery Update. In this issue we look at: Pensions: What ...

Adapting your employment contracts to the FSA's new Code? We offer you a free consultation

The Financial Services Authority's Remuneration Code, which came into force at the start of this year, is about to be revised and ...

Taylor Wessing expands equity capital markets practice with the hire of Tandeep Minhas

International law firm Taylor Wessing has hired partner Tandeep Minhas to join the Financial Institutions and Markets group. ...

Public and Regulatory Law Update - December 2010

Cabinet Office consultation on time limits under the procurement regulations The Cabinet Office (CO) has recently published a ...

The Second E-money Directive: Fast forwarding change and industry expansion

The Second Electronic Money Directive must be transposed into UK law by 30 April 2011. HM Treasury has issued a Consultation ...

European funding gap widens: latest research into cleantech and renewable energy

The early-stage funding arena has been deserted by most venture capital funds and the private equity community en masseA scarcity ...

Restructuring & Corporate Recovery Update - November 2010

Welcome to the November issue of Restructuring & Corporate Recovery Update. In this issue we look at: Administration: ...

Bunker oil pollution liability insurance and Iranian sanctions

Islamic Republic of Iran Shipping Lines v. Steamship Mutual Underwriting Association (Bermuda) Ltd [2010] - Commercial Court 26 ...

Finance Update - November 2010

Welcome to the November issue of Finance Update. This month we look at: Intercreditor Arrangements: make sure they provide the ...

Business Immigration - How does a growth company hire non-EU employees?

The extent to which non-European nationals should be able to live and work in the UK continues to be a political hot potato. ...

Property Insurance - Non-disclosure and breach of warranty

Sugar Hut Group Ltd & Ors v. Great Lakes Reinsurance (UK) Plc & Ors [2010] Commercial Court, 26 October 2010 This ...

Taylor Wessing strengthens its Middle East practice with new partner promotion

Taylor Wessing Middle East today announced the promotion of Hasan Rizvi to partner based in its Dubai office.  This ...

Arbitration Time Limits and the Third Party (Rights Against Insurers) Act 1930

William McIlroy Swindon Ltd v. Quinn Insurance Ltd [2010] Technology and Construction Court, 12 October 2010 The claims arose ...

Taylor Wessing advises on future of Portsmouth City Football Club

International law firm Taylor Wessing LLP has advised Alexandre Gaydamak, as a creditor and charge holder in relation to ...

Subrogated Claims and Mesothelioma and the Insurance Trigger

In this issue of Insurance & Reinsurance Update we look at 2 different cases: Subrogated Claims - costs orders against ...

Restructuring & Corporate Recovery Update - October 2010

Welcome to the October issue of Restructuring & Corporate Recovery Update. In this issue we look at: Administration ...

MPF award for Taylor Wessing's commitment to sustainability

Taylor Wessing is celebrating after winning the Sustainability Reporting category at the prestigious MPF European Practice ...

Finance Update - October 2010

Welcome to the October issue of Finance Update. This month we look at: Guarantees – check your drafting Subrogation can save ...

Will European regulation on OTC derivatives bring about an era of fixed rate loans?

Interest rate hedging has been an element of many real estate finance transactions in recent years. This is often achieved by the ...

Governing Law and Jurisdiction in Reinsurance – Foreign Reinsurer Participation in a London Programme

Gard Marine & Energy v. (1) Lloyd Tunnicliffe; (2) Glacier Re & Anor [2010]  Court of Appeal 6 October 2009 The ...

Taylor Wessing advises innovative tech company, PrismaStar, on £2 million funding round

Leading international law firm Taylor Wessing has advised software as service business, PrismaStar, on its latest fundraising. ...

Insurance & Reinsurance Update - Interpretation and application of the "contractual liability" exclusion in a liability insurance policy - September 2010

This case considered whether, where a liability policy contained an exclusion excluding liability arising under a contract unless ...

Every board needs a human director

As from 1 October this year, all companies (including dormant companies) must have at least one natural director, i.e. a human ...

Insurance & Reinsurance Update - Forum conveniens and governing law in reinsurance contracts - September 2010

Stonebridge Underwriting Ltd v Ontario Municipal Insurance Exchange [2010]Commercial Court, 10 September 2010 This case was a ...

Finance Update - September 2010

Welcome to the September issue of Finance Update. This month we look at: S123(2) - The Balance Sheet test - A bit of a ...

Restructuring & Corporate Recovery Update - September 2010

Welcome to the September issue of Restructuring & Corporate Recovery Update. In this issue we look at: S123(2) - The ...

Taylor Wessing advises Rutland Partners on acquisition of Brandon Hire

Taylor Wessing LLP has acted for long standing private equity client, Rutland Partners LLP, on its acquisition of leading tool ...

UK Listing Authority’s approach to reverse takeovers

Following the UK Listing Authority’s (“UKLA”) publication of revised guidelines on reverse takeovers under the Listing Rules ...

Cloud computing for insurers – fast lane or blind alley?

These days everyone, especially in the insurance industry in Germany, talks about "cloud computing" when the discussion ...

Taylor Wessing announces new partner hire to international Insurance and Reinsurance Group

Taylor Wessing has appointed Susannah Wakefield as a partner within the firm's Insurance and Reinsurance group. Susie joins the ...

Innovation and Flexibility in Litigation Funding

Cost control and certainty is key to successful litigation.   We can help you take the risk and cost of litigation ...

Taylor Wessing advises Intelligent Environments Group on its £30m reverse takeover of Documetric to form Parseq plc.

Taylor Wessing has advised AIM quoted online financial services software provider Intelligent Environments Group plc on its £30m ...

The UK Corporate Governance Code (formerly the Combined Code)

Following the Financial Reporting Council's (the "FRC") 2009 review of, and consultation on, the Combined Code, the ...

Finance Update - July 2010

Welcome to the July issue of Finance Update. This month we look at: Can an offer letter sent out as part of a package be a stand ...

Key lessons from the FSA's recent penalties on issuers for delayed disclosure

On 21 June 2010, Photo-Me International plc was issued the largest ever financial penalty of its type by the Financial Services ...

Important FSA update: anti-bribery and corruption in Commercial Insurance Broking

The FSA has published its final report following its thematic review of anti-bribery and corruption risks in the commercial ...

Private Equity: The Management Guide

Setting the scene You are a key member of a management team for a business which is up for sale. It may be one which is part of ...

Taylor Wessing advises Portrait Software on £44 million takeover

Taylor Wessing has advised the board of AIM listed Portrait Software plc on the recommended cash offer by Pitney Bowes MapInfo UK ...

Finance Update - June 2010

Welcome to the June issue of Finance Update. This month we look at: Injunctions sought by Administrators: who should provide the ...

Taylor Wessing strengthens Banking and Finance offering with the hire of a new partner in Paris

For more information please contact Marina Thomas at Eliott Markus: DDL + 33 1 53 41 89 99Email

Business Interruption Insurance - The "but for" test

Orient-Express Hotels v. Assicurazioni Generali SpA (UK Branch)Commercial Court, 27 May 2010 The case concerned a claim under a ...

CC takes lead role as FSA hands out record £33m fine to JP Morgan

The Financial Services Authority (FSA) has handed out a record £33.32m fine to JP Morgan in the latest sign of a tougher ...

Property Insurance - Fraudulent Claims and the Burden of Proof

Yeganeh v. Zurich Insurance Co [2010]London Mercantile Court, 24 May 2010This case concerned a claim under a buildings and ...

European Commission to remove tax obstacles to cross-border venture capital

The European Commission has been looking at ways to facilitate cross border venture capital ("VC") investment within ...

Litigation Funding

Cost control and certainty are key elements of successful litigation. The approach to litigation funding is evolving with an ...

Trustees and Tax - Impending Changes to the Rate of UK Capital Gains Tax

Following the General Election on 6 May 2010, the United Kingdom has now found itself with the first peacetime Coalition ...

Insurance & Reinsurance Update - the "Double-Proviso" follow settlements clause - May 2010

The Commercial Court revisits the test IRB Brasil Resseguros SA v. CX Reinsurance Company LtdCommercial Court, 7 May 2010 Not ...

The new UK retail bond market

The first 100 days The London Stock exchange launched its new UK retail bond market on 1st February this year, offering a ...

Taylor Wessing advises cleantech fund Climate Change Capital Private Equity on €9.1 million investment

Taylor Wessing has advised Climate Change Capital Private Equity (“CPE”), a €200 million fund dedicated to investments in clean ...

Taylor Wessing acts on £48 million MBO of the UK's largest residential lettings agency

European law firm Taylor Wessing LLP has acted for privately owned property business, RO Group, on the management buy-out of ...

Mid-cap Corporate Finance - The new UK retail bond market

On 1 February 2010 the London Stock Exchange launched a new UK retail bond market with its Electronic Order Book for Retail ...

Taylor Wessing advises Colemont in AmWins merger

Leading law firm Taylor Wessing has acted for international insurance and reinsurance brokerage company Colemont Corporation in ...

Law firms welcome class action u-turn

Laurence Lieberman discusses with The Post the potential implications of the governments turnaround on the introduction of class ...

Class clash on the bill

In an article published in Money Marketing in April 2010, Laurence Lieberman and Tom Oliver assess the implications of the ...

Taylor Wessing's Private Client group short-listed for International Law Firm of the Year 2010

Taylor Wessing's Private Client team have been short listed for the International Law Firm of the Year at the 2010 Citywealth ...

FSA's election manifesto

A new philosophy and 'intensive supervision' for year ahead With its own future seemingly in the hands of the electorate, the ...

Insurance Update - Consumer loan and payment protection insurance - March 2010

Consumers who take out a loan to finance the purchase of goods or services will very often be offered an accompanying policy of ...

Taylor Wessing advises on new financing to enhance novel stent technology

The venture capital and life sciences groups at industry leading law firm, Taylor Wessing LLP, have advised new client, Seroba ...

Taylor Wessing advises Myotec Therapeutics on £5.6m funding round

Leading law firm Taylor Wessing has advised Myotec Therapeutics Ltd, the Cambridge based speciality pharmaceutical company, on ...

Impact of the CRC Energy Efficiency Scheme on private equity funds

Are you ready for change? The CRC Energy Efficiency Scheme (CRC) is the UK’s new carbon emissions trading scheme that will start ...

Taylor Wessing advises Deutsche Postbank on £80m Clapham redevelopment scheme

Taylor Wessing LLP has advised long standing client Deutsche Postbank AG on the provision of development finance to Cathedral ...

£65m funding raised by leading pharma company Archimedes

A team of private equity, employment and tax lawyers from Taylor Wessing has advised the management of the speciality pharma ...

Finance Update - March 2010

Welcome to the March 2010 issue of Finance Update.

FSA’s fine means Lehman cases are on the cards

Last Thursday, the FSA fined RSM Tenon Financial Services £700,000 for failings in its advice and sales processes relating to ...

International asset freezing: the US and UK perspectives

This article examines the remedies available from the US and UK courts to prevent the dissipation of funds pending the ...

Taylor Wessing advises esure insurance on its buyout from Lloyds

Taylor Wessing LLP has advised leading online motor insurance provider esure on its management buyout from Lloyds Banking Group, ...

Finance Update - February 2010

Welcome to the February 2010 issue of Finance Update. This month, we look at: Real Estate FinanceThe CRC Energy Efficiency ...

Taylor Wessing advises email management company Mimecast on £13 million investment funding

European law firm Taylor Wessing LLP has advised Mimecast, a holistic email management company, on its £13 million ($21 million) ...

Taylor Wessing advises Carbon Trust Investments Limited on its investment in tidal energy company Marine Current Turbines

European law firm Taylor Wessing LLP has acted for Carbon Trust Investments Limited for the first time.  The work related to ...

Taylor Wessing advises JHP Group on £56 million buy-out by Lloyds Development Capital

Taylor Wessing LLP has acted for JHP Group (JHP), one of the UK’s largest private sector providers of vocational education, ...

Litigation Costs - Lord Justice Jackson proposes sweeping reforms

Following an extensive review of civil litigation costs last year, Lord Justice Jackson's final report on costs has been ...

Award winners: Taylor Wessing named law firm of the year for Succession Private Wealth Trusts

Taylor Wessing advises cleantech venture capital firm WHEB Ventures on two new European investments

European law firm Taylor Wessing LLP has acted for cleantech venture capital firm WHEB Ventures on its recent multi-million pound ...

Corporate Venturing, an overview by Taylor Wessing

Politicians, commentators and analysts agree that innovation, especially in sectors such as clean technology, will be of crucial ...

Hobson's Choice - Lord Justice Jackson's Review of Civil Litigation Costs

Lord Justice Jackson's Review of Civil Litigation Costs in the UK has been published today (14 January 2010).  The report ...

Finance Update - January 2010

Welcome to the January update.

Insurance Update - Warranties Revisited - December 2009

A C Ward & Sons Ltd v Catlin (Five) Ltd & Ors [2009]Commercial Court, 3 December 2009 This case was the latest in a ...

EC publishes draft Insurance Block Exemption Regulation: Future competition rules for cooperation between insurers takes shape

The European Commission ("Commission") has published for consultation a first draft of the new block exemption ...

Largest ever fine levied by the AIM Disciplinary Committee

The AIM Disciplinary Committee ("ADC") has levied its largest ever fine (£600,000) against Regal Petroleum PLC for a ...

Corporate Venturing

Corporate venturing, the spinning out or starting up of new businesses from established corporate entities, can be a key driver ...

Raj Rajaratnam's arrest: can the FSA match the might of the SEC?

On 16 October 2009, billionaire Raj Rajaratnam of Galleon Group was arrested on charges of insider dealing. The arrest highlights ...

Finance Update - November 2009

Welcome to the November 2009 issue of the Finance Update.

Insurance Update - ECJ: Re/Insurance Portfolio Transfers Subject to VAT - November 2009

ECJ:  Re/Insurance Portfolio Transfers Subject to VAT On 22 October 2009 the European Court of Justice (ECJ) delivered ...

The UK-Liechtenstein Tax Deal

It is now widely known that, on 11 August 2009, a ground-breaking deal was signed between the Government of the Principality of ...

Mortgage Update - October 2009

 Arrears and Possessions - Residential Mortgages

Insurance Update - Governing law and jurisdictions in reinsurance - October 2009

Gard Marine & Energy v (1) Lloyd Tunnicliffe; (2) Glacier Re and Anor [2009] Commercial Court, 9 October 2009 This was a ...

Taylor Wessing's Hotel Group scores with Clydesdale Bank

Leading law firm Taylor Wessing LLP has successfully advised Clydesdale Bank Plc on its investment into the newly opened ...

Taylor Wessing advises Amadeus Capital Partners on latest Investment

Taylor Wessing's award winning Venture Capital group has acted for Amadeus Capital Partners, the European technology investor, on ...

FSA's latest post-Aon findings; anti-bribery and corruption controls for insurance brokers

Following up on the £5.25m fine it imposed on Aon in January this year for failure to manage anti-bribery and corruption ...

Taylor Wessing advises both Deutsche Postbank and HSH Nordbank on long awaited Minerva debt refinancing

Following months of speculation around the future of property developer Minerva Plc, two teams from Taylor Wessing's finance ...

Recent changes in the law - Issues for Venture Capital

From 1 October 2009, the new Companies Act 2006 has now fully replaced existing company legislation. Which recent changes are ...

The Wider Implications Process and Lehman Brothers backed structured products

The Wider Implications process is an alternative form of redress to the courts system that can help investors to recover some or ...

Northern Rock judicial review - Court of Appeal decision - [2009] EWA Civ 788

This high profile judicial review shows the versatility of the Human Rights Act and sheds further light on how the Court will ...

Finance Update - September 2009

Welcome to the September 2009 issue of Finance Update

Taylor Wessing advises on sale of Portsmouth FC

European law firm Taylor Wessing LLP has acted for Devondale Investments on the sale of Portsmouth City Football Club Ltd to ...

House of Lords reverses the Court of Appeal in Wasa v. Lexington

The long-awaited decision of the House of Lords was handed down yesterday afternoon. To understand the significance of this ...

Insurance Update - House of Lords reverses the Court of Appeal in Wasa v Lexington - July 2009

The long-awaited decision of the House of Lords was handed down yesterday afternoon. To understand the significance of this ...

Taylor Wessing bags cross-border leveraged buy-out for Rutland Partners LLP

Taylor Wessing LLP has acted for long standing private equity client, Rutland Partners LLP, on its acquisition of household ...

Finance Update - July 2009

Welcome to the July 2009 issue of Finance Update

Taylor Wessing clients show appetite for investment

Taylor Wessing's Venture Capital team has acted on a £10.5 million (€12.2m) round of funding in Just-Eat, a website originally ...

Finance Update - June 2009

Welcome to the June 2009 issue of Finance Update

D&O Insurance in Germany - The New Legislation Arrives

The New Legislation Arrives

D&O Insurance in Germany

Difference in Conditions and "Drop Down"

Equitas proposes Part VII transfer of 1992 and prior Lloyd's names business

Taylor Wessing gives Chapman Freeborn deal wings

European law firm Taylor Wessing LLP has acted for entrepreneurs Chris Chapman and Carol Norman on the sale of a substantial ...

Joinder of insurers to proceedings between insured and brokers

Finance Update - April 2009

Inevitability and Inherent Vice under ICC(A) Loss of jack-up rig under tow

Transparency, disclosure and conflicts of interest in the commercial insurance market - Part 2

Finance Update - March 2009

Meaning of "Defendant" under the CMR

Firm-commissioned reports - A comparison of the FSA and SEC treatment of privilege

Hundreds rush to restructuring seminars

Taylor Wessing puts Brawn GP F1 on the grid

For more information or to speak to Russell Van Praagh, please contact Helen Needham at Taylor ...

The Legislative Reform (Lloyd's) Order 2008 comes into force

Finance Update - February 2009

Taylor Wessing advises HomeAway in its acquisition of the Homelidays Group

The Paris office of European law firm Taylor Wessing has assisted HomeAway Group, the world leader in the on-line vacation ...

Taylor Wessing named Law Firm of the Year by European Venture Capital Journal

Taylor Wessing has been voted Law Firm of the Year at the European Venture Capital Journal  (EVCJ) Awards. The Awards ...

Clarification of the FSA disclosure requirements under the UK Listing Authority Rules

Until recently, it has been unclear whether persons discharging managerial responsibilities ("PDMRs" - eg, directors of ...

Largest financial crime related fine imposed by the FSA to date

On 6 January 2009, the FSA published a Final Notice of a fine of £5.25million against Aon Ltd, the largest financial crime ...

Taylor Wessing boosts Financial Institutions and Markets practice with the appointment of new Partner, Jonathan Rogers

Directors' Conflicts of Interest: A Companies Act 2006 update - Can your Board authorise directors' conflicts of interests?

Can your Board authorise directors' conflicts of interests?  As you will probably be aware, there are new rules introduced ...

Taylor Wessing advises Fortune Management Inc. on its successful restructuring deal worth EUR 103m

Taylor Wessing LLP recently advised Fortune Management Inc. on the successful restructuring of bonds and loan notes totalling EUR ...

Directors' Conflicts of Interest: A Companies Act 2006 Update - Have you made your declarations yet?

Have you made your declarations yet? As you will be aware, an Investor Director may be caught by the new rules introduced by the ...

Court of Appeal overturns Limit v Axa - in Part

Directors and Officers Reinsurance and Claims Co-Operation - English Court looks at "knowledge" yet again

Solvency II

Taylor Wessing boosts Financial Institutions and Markets practice with the appointment of new Partner, Jonathan Rogers

Taylor Wessing is delighted announce the growth of its Financial Institutions and Markets Group with the appointment as Partner ...

Taylor Wessing's Private Client and Capital Markets teams shortlisted for Financial News Legal Awards 2008

Amendments to Part 7 of FSMA 2000 ('Control of Business Transfers')

Taylor Wessing advises the management of Lindorff Group AB on EUR 1.12 billion secondary buy-out

Taylor Wessing has advised a multinational management team on the EUR 1.12 billion secondary buy-out of Lindorff Group AB, a ...

FSA Regulation of sellers of connected travel insurance

"All change please!" - Sweeping new UK legislation on unfair commercial practices comes into force on 26 May 2008

Criminal liability for unfair business-to-consumer ('B2C') commercial practices and misleading business-to-busines ('B2B') ...

Taylor Wessing advises Promethean on Obopay investment

Taylor Wessing has advised private equity firm, Promethean Investments LLP, on its further investment, through its Promethean ...

Taylor Wessing acts on £5 million acquisition by Portrait Software plc of Million Handshakes A.S.

Taylor Wessing LLP has acted for AIM quoted Portrait Software plc, a leading provider of customer interaction optimization ...

Taylor Wessing advises Spark Ventures and Beringea on $8m investment in isango!

Taylor Wessing has advised Spark Ventures and Beringea on their respective investments in isango!, an Internet-based leading ...

Taylor Wessing advises Nomad on its $58m sale to Metavante

Taylor Wessing has advised London-based Nomad Payments Ltd, the leading provider of prepaid and debit card processing and ...

Taylor Wessing advises Digital Information Broadcast Leader Skinkers on USD16m funding

Taylor Wessing's Venture Capital team in Cambridge has advised Skinkers, the market leader in information broadcast technology, ...

Taylor Wessing advises on slice of Pi

Taylor Wessing's Private Equity team in London has advised Pi Capital on a transformational deal, under which Bank of Scotland's ...

Taylor Wessing's European Private Equity Group represents quoted private equity investor, Electra, in its £80 million buyout of Nuaire

Taylor Wessing acts on £7 million worth of VC funding rounds for hi-tech industry leaders

Taylor Wessing acts on £7 million worth of VC funding rounds for hi-tech industry leaders

Taylor Wessing's corporate team gains further expansion

Taylor Wessing is the sole legal sponsor of the BVCA Technology Spin-Out Conference – turning good science into good business

Taylor Wessing continues to expand its private equity practice

European requirements set forth in the EU Takeover Directive and their impact on German takeover law

The currently applicable takeover law in Germany is based on an initiative the German federal government took in response to the ...

Taylor Wessing advise on the sale of DNA Research Innovations Ltd for up to $65 million to Invitrogen Corporation

Finisar Corporation takes over Infineon Technologie AG's fiber optics business

Taylor Wessing advises Legal & General Ventures on MBO of Clubhaus

Taylor Wessing advise Alliance & Leicester on £83.5m merchant acquisition deal

Taylor Wessing launch two Bermuda-based funds

Taylor Wessing acts for Eidos in acquisition of IO Interactive