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Insurance regulation in Asia Pacific
Ten things to know about insurance regulation in 19 countries.
United States | Publication | enero 2025
Norton Rose Fulbright’s 2025 Annual Litigation Trends Survey indicates that cybersecurity and data privacy issues continue to be a challenge for organizations amid escalating cyberattacks, growing disclosure burdens and uncertainty stemming from AI tools.
More than a third (36%) of respondents say their organizations were more exposed to cybersecurity and data privacy disputes over the past 12 months – the greatest increase in any dispute category for the second year in a row. This issue is unlikely to abate any time soon, as the majority of respondents expect their exposure to stay the same (46%) or grow even more (33%) in 2025.
Disputes are a particular concern to industries like healthcare and financial services that amass large volumes of highly sensitive data. Forty-five percent and 41% of respondents in these industries, respectively, report increased exposure. Such critical infrastructure appears to be a favorite target for cybercriminals.
The increase in dispute risk is a significant concern for technology respondents as well, with approximately half (49%) saying their exposure deepened over the last year. Major technology companies have faced backlash and legal action due to data privacy concerns involving AI training data, including those around feeding personal and copyrighted data into proprietary AI systems for training purposes.
In fact, 61% of respondents across all industries who anticipate more exposure to cybersecurity and data privacy disputes expect the increasing use of AI and corresponding data issues to be a contributor to these disputes going forward – a nine-percentage-point increase compared to last year and the most selected contributing factor.
Navigating the shifting patchwork of data privacy regulations is also a challenge. More than half (58%) of these respondents also said compliance with evolving cybersecurity and data privacy regulations and requirements is an issue that could heighten their exposure in the coming year, compared to just 43% who said the same in 2024.
Download the 2025 Annual Litigation Trends Survey report for more details.
Publication
Ten things to know about insurance regulation in 19 countries.
Publication
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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