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Softness in a hard market

25 Jun 2019
Following the Lloyd's performance review in the second half of 2018 and the culling of capacity, the professional indemnity insurance market is hardening in 2019. However, the recent Court of Appeal decision in Euro Pools Plc v Royal and Sun Alliance Insurance Plc [2019] EWCA Civ 808 and its 'soft' interpretation of what amounts to a notifiable circumstance could provide policyholders with some consolation that if appropriate insurance terms can be secured, the policy may capture a broad range of uncertain risks if notified at any early stage. Brokers and Insurers have been warned…  
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History cannot be re-written: employer's appeal successful

25 Jun 2019
On Friday 10 May 2019, the Court of Appeal (CA) handed down its judgment in the case of Bic UK Ltd v Burgess. The CA allowed the appeal by BIC UK, unanimously ruling that a retrospective amendment to the deed and rules of the BIC UK Pension Scheme (the Scheme) was invalid.
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easyAppeal: Court determines targeting and service outside the jurisdiction in easyGroup v Easy Fly

21 Jun 2019
In a trade mark infringement claim involving easyGroup and Easy Fly, easyGroup appealed the Court's earlier decision which set aside an order for service outside the jurisdiction of the courts of England and Wales, pursuant to an application made by Easy Fly. The decision hinged on whether Easy Fly had targeted UK consumers. The judge, considering various factors that could indicate targeting, found that Easy Fly had not targeted UK consumers, and therefore easyGroup's appeal was dismissed.
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How to limit stress when your pension plan's employer is in distress

20 Jun 2019
Insolvency may seem an unlikely scenario for your pension plan's employer today and for the foreseeable future but the Pension Protection Fund (PPF) has recently published guidance recommending that defined benefit pension plan trustees should make contingency plans for employer insolvency "as with any sensible business continuity or disaster recovery planning".
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Making SARs better: Law Commission publishes recommendations

19 Jun 2019
Following the Law Commission's appointment in 2017 to review specific aspects of the UK's AML regime, specifically the relevant provisions in POCA and the Terrorism Act, and its detailed Consultation Paper of 2018, the Commission has now published its recommendations. Emma Radmore looks at what it is suggesting.
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13 ways to protect your business from an energy retailer in difficulty

19 Jun 2019
These are tough times for gas and electricity retailers. In the past seven months alone, we have seen the corporate failures of OneSelect, Our Power, Economy Energy, Brilliant Energy, Extra Energy and Spark Energy. Ofgem has appointed companies such as OVO, Scottish Power and SSE to take on a combined total of approximately 630,000 domestic customers through its Supplier of Last Resort process.