May 8, 2021

May reaches tentative Brexit deal on financial services for the UK and EU

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From WN The Times was reporting Prime Minister Theresa May had struck a deal with Brussels on Wednesday which would give the United Kingdom’s financial services companies continued access to European markets after Brexit. Government sources said British and European negotiations were able to reach a tentative agreement on the aspects of a future partnership […]

Media pirates walk the plank: extraordinary remedies against copyright infringers

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August 06 2018 | Contributed by Smart & Biggar/Fetherstonhaugh From ILO Intellectual Property Canada Introduction In most jurisdictions, copyright owners face numerous challenges when seeking to enforce their rights against media pirates, including with regard to: ongoing harm pending judgment; proving damages; and unscrupulous defendants destroying evidence or failing to comply with court orders. However, […]

A health crisis has led Fiat Chrysler and Ferrari CEO Sergio Marchionne to step down

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By Matthew DeBord and Reuters from Business Insider Fiat Chrysler Automobiles and Ferrari CEO Sergio Marchionne is stepping down amid a health crisis. Marchionne had experienced complication following surgery. Marchionne took over Chrysler and merged it with Fiat during the US financial crisis, when Chrysler went bankrupt and was bailed out by the US government. […]

PRA and FCA clarify impact of Brexit transition for insurance sector

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April 24 2018 | Contributed by Herbert Smith Freehills LLP From ILO Background to latest announcements What are the PRA and FCA saying now? PRA confirms approach to incoming branches and subsidiarisation Impact on services business Recent announcements made by the PRA and FCA clarify their approach to Brexit following the European Council’s agreement to […]

Anton Yelchin’s parents sue Fiat Chrysler over actor’s death

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By Ashlee Kieler From Consumerist Six weeks after the death of Star Trek actor Anton Yelchin was potentially linked to the confusing gear shifter in recalled Jeep, Dodge, and Chrysler vehicles, the man’s family has filed a wrongful death and product-liability lawsuit against Fiat Chrysler.  The Associated Press reports that the lawsuit, filed in Los […]

Federal Court grants Janssen nearly C$20 million against Teva for patent infringement

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By Kevin Siu Contributed by Smart & Biggar/Fetherstonhaugh From ILO Facts Janssen US’s standing to claim damages Quantum of damages Pre-judgment interest Mitigation Facts On May 31 2016 the Federal Court issued its public judgment in Janssen Inc v Teva Canada Ltd,(1) for the quantification of damages arising from infringement of Daiichi Sankyo’s Patent 1,304,080 […]

Three further bans for Libor manipulation

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By Kathleen Harris, Stuart Baker, Michael J Atkinson, James McSweeney Contributed by Arnold & Porter (UK) LLP From International Law Office On March 2 2016 the Financial Conduct Authority (FCA) announced that it had prohibited Mr Michael Curtler, a former trader at Deutsche Bank, from working in the UK financial services industry for lacking honesty and integrity. This followed a […]

Three further bans for Libor manipulation/ Bribery Act 2010 sentencing of Sweett Group Plc

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By Kathleen Harris Stuart Baker Michael J Atkinson James McSweeney – Arnold & Porter LLP From International Law Office (ILO) Three further bans for Libor manipulation On March 2 2016 the Financial Conduct Authority (FCA) announced that it had prohibited Mr Michael Curtler, a former trader at Deutsche Bank, from working in the UK financial […]

UK: Banks told to declare links to Panama Papers law firm by next week

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By Jill Treanor, Rowena Mason and Juliette Garside Financial Conduct Authority sets financial firms deadline to check if they have links to Mossack Fonseca Banks and financial firms have been told to hand over any information about their dealings with the law firm at the centre of the Panama Papers to the UK’s Financial Conduct Authority […]

IFAs face offshore pension transfer problems

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From iExpats Financial advisers feel overseas pension transfer rules need a shakeup, according to new research. The survey by financial firm Old Mutual Wealth found almost 40% of international IFAs would welcome a review of offshore pension transfer regulations as they find the current set up too challenging. One of the sticking points for international […]