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Transport, Trade and Logistics Update
A new form of security following the declaration of general average (GA) has the market wondering if a real change has occurred.
Global | Publication | June 2015
Norton Rose Fulbright’s global blockchain and cryptocurrency team has produced a global legal and regulatory guide to cryptocurrencies.
The guide is issued in a series of chapters, published monthly.
As bitcoin and other virtual currencies become better established, so it is likely that demand for insurance to protect against the particular risks associated with them will increase. Even as matters stand, it would appear that a nascent bitcoin insurance market is beginning to emerge.
If cryptocurrencies do become more prevalent over time, the insurance industry will be looking carefully at the risks which it is able to insure and on what terms. In this chapter, we seek to identify and discuss some of the issues we believe may come into focus, as insurers start to undertake this exercise.
If you would like to discuss any aspect of this topic further, please get in touch.
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A new form of security following the declaration of general average (GA) has the market wondering if a real change has occurred.
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There is much talk currently about South Africa standing at a political cross-roads, in relation to its ability to make the newly formed Government of National Unity work (and to unlock the legion economic and social benefits that would flow from making it work).
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The Lloyd’s Open Form has been the maritime industry’s preferred form of agreement for salvage for over a hundred years. In response to industry concerns and the declining number of LOF contracts being concluded each year, an update to the Form was published in June this year.
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