Publication
2nd Circuit defers to executive will on application of sovereign immunity
The Second Circuit recently held that federal common law protections of sovereign immunity did not preclude prosecution of a state-owned foreign corporation.
Insurance focus: Key developments in the insurance sector in the Middle East
Middle East | Publication | September 2024
Heightened geopolitical tensions and the ongoing volatility in the Middle East have underscored the importance for both insurers and policyholders, to undertake a thorough review of the policy wording, coverage, exclusions and limits.
Highlighting key trends, important regulations, and case law decisions that are impacting the market, our inaugural newsletter, Insurance Focus, keeps you up to date with the latest developments and risk factors to consider when navigating the legal landscape.
In this first issue:
- An analysis of the establishment of Sanadak, an ombudsman unit for financial and insurance disputes, and the introduction of mandatory professional indemnity insurance for new categories of professionals in the UAE.
- An analysis of the Dubai Court of Cassation's recent decision upholding an insured's right to coverage despite 'late notification', and the wider ramifications of this ruling for the insurance industry.
- An assessment of the impact of recent geopolitical factors such as territorial conflicts on the industry.
At the beginning of the year we identified five key trends that would impact the insurance industry during 2024 and beyond, and each quarter we will be reviewing these from a Middle East perspective.
If you would like to receive our newsletter please contact us.
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Key takeaways from the G7 Competition Summit on Artificial Intelligence
Facing the fast-growing development of AI across the globe, particularly Generative AI (GenAI), the G7 competition authorities and policymakers (Canada, France, Germany, Japan, Italy, the UK and the US) and the European Commission met in Italy on 3-4 October 2024 to discuss the main competition challenges raised by these new technologies in digital markets.
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