Publication
Insurance regulation in Asia Pacific
Ten things to know about insurance regulation in 19 countries.
Fifteenth edition highlights concerns about increasing litigation associated with an anticipated economic downturn
In global law firm Norton Rose Fulbright’s 2019 Annual Litigation Trends Survey, a majority of corporate counsel respondents said they foresee an economic downturn that will lead to a rise in disputes. Many companies, the survey found, have begun taking preventative steps to manage the increased risk posed by the growing number of disputes.
Most survey respondents fear that the extended economic recovery following the Great Recession will give way to a downturn, and the economic slowdown will lead to increased litigation, particularly in employment and labor as well as contract disputes.
The 2017 and 2018 editions of the Annual Litigation Trends Survey saw cybersecurity and data protection concerns coming to the forefront as a key challenge in dispute management. That trend escalates even more greatly this year, with respondents reporting an increase in data privacy disputes.
The number of in-house counsel who rated cybersecurity and data privacy as the most important litigation issue facing them doubled from 2018 to 2019. More than half of those surveyed (52 percent) feel more exposed than previously to such disputes.
Global Head of Litigation and Disputes
Email
richard.krumholz@nortonrosefulbright.com
Recent publications
Publication
Paying the Price: Court of Appeal holds debt still due when non-fulfilment of a condition precedent is caused by the buyer’s own breach
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.
Publication
Can a charterer procure the release of a laden vessel arrested by a mortgagee bank?
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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