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Insurance regulation in Asia Pacific
Ten things to know about insurance regulation in 19 countries.
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Ten things to know about insurance regulation in 19 countries.
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In King Crude Carriers SA & Ors v Ridgebury November LLC & Ors [2024] EWCA Civ 719 the Court of Appeal held that the claimant sellers (the Sellers) were entitled to claim the deposits promised under sale contracts as a debt despite the defendant buyers’ (the Buyers) breach of contract, which had resulted in the non-fulfilment of a condition precedent to the payment of the deposits.
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As previously observed, conflicts occasionally arise between mortgagees and charterers where a mortgagee wishes to take prompt action to enforce its rights, but the charterer wishes such enforcement action to be deferred until the end of the charter.
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On 14 November 2024, the European Parliament voted to approve the proposed one-year delay to the implementation of the EU Deforestation Regulation (the EUDR).
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