On 27 July 2010, the EU imposed its toughest sanctions regime
yet on Iran, with ramifications for energy, insurance, transport
and financial sectors.
The sanctions package was adopted by the EU Foreign Affairs
Council and will come intoforce on 27 July 2010.
This Council Decision follows the passing of UN Security Council
Resolution 1929 on 9 June 2010 by the UN SecurityCouncil, and the
signing into law in the United States of the Comprehensive Iran
Sanctions, Accountability, and Divestment Act by President Barack
Obama on 1 July2010.
The EU sanctions are considerablybroader and more stringent than
those imposed by the UN, which were focused on preventing the sale
and supply of goods used in nuclear production and missile
development to Iran....
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The Principal Claims Assessor currently holds the view that there is no distinction
between offers made under s 82(1) of the Motor Accidents Compensation Act 1999 (the
Act) and offers not made under s 82(1).
On August 16, the Third Circuit Court of Appeals issued its long-awaited decision in the In re Insurance Brokerage Antitrust Litigation, reversing Judge Brown’s dismissal of the case and breathing new life into plaintiffs’ class action antitrust conspiracy claims.
Reliance, or transaction causation, is a significant element in a securities fraud case. But proving reliance by individual investors in a securities class action is often a cumbersome endeavor that may overwhelm the questions of law or fact common to the proposed class, and may therefore serve to preclude class certification.
The European Commission has opened a formal investigation of its own initiative into whether certain provisions accompanying claim-sharing and joint-reinsurance agreements in the marine insurance sector infringe the competition rules.
Many businesses have already been adversely affected by the massive oil slick in the Gulf of Mexico, and many more will be soon as the contamination intensifies and spreads.
On 26th July 2010 Clyde & Co LLP published an article setting out the new Iran sanctions that had been adopted by the European Union Foreign Affairs Council.
Recently, the Associated Press reported that the New York State Attorney General has served subpoenas on two major multi-national life insurers as part of that office's inquiry into those companies policies for paying death benefits to life insurance policyholders' beneficiaries.
On August 17, a unanimous Pennsylvania Supreme Court handed down a decision important not only for Pennsylvania, but potentially for many other states as well.
The Chinese drywall claims, litigation, and impacts continue and will continue for many years. This article summarizes the damages aspects of Chinese drywall in the United States.
